Term Life Insurance
If you’re looking for 10 to 30 years of affordable coverage, term life insurance may be right for you. With customizable policies, you’ll find protection that fits where you are in life.
Term life insurance offers:
- Great protection for newlyweds, young parents and homeowners
- Coverage for a specific period of time, like until you reach retirement or your children are grown
- Flexibility to switch to longer term, permanent protection in the future
- A choice of policies that pay out either monthly or in a lump sum
Whole Life Insurance
Whole life policies guarantee that the amount of life insurance coverage you buy at the start of the policy remains the same throughout your lifetime. The cost is fixed, based on your age when you buy it. And the money paid to your family when you die is generally income tax free.
- Great protection for pre-retirees, retirees and others who want to guarantee money to their loved ones
- The potential to earn excess credits5, which can be received in cash, accumulated at interest, used to buy additional life insurance or to help reduce premium payments or pay outstanding loans
- Cash value that increases regardless of market conditions
- Fixed premium payments over time
Universal life insurance
If you want lifelong coverage, but with flexibility down the road, universal life insurance may be a good option. It’s life insurance designed to provide protection for the rest of your life while offering flexible payments and building cash value. This type of permanent life insurance also offers:
- Great protection for those on the verge of entering their prime earning years and are looking for lifelong coverage
- Protection beyond the face amount of the policy
- Cash value that builds with the security of downside protection
- Flexibility to adjust your plan over time
Variable Universal Life
Like all life insurance policies, variable universal life insurance provides a death benefit, but it also offers the widest range of cash value investment options. This type of policy typically appeals to those who are investment-savvy and aggressive in terms of risk tolerance and offers
- Great protection for investment-savvy individuals
- The freedom to choose where to invest your cash value
- Potential to use your cash value for retirement or other life needs
