Frequently Asked Questions

What is Life Insurance?

Life insurance helps provide financial security for your loved ones in the event of your death. A life insurance policy pays a guaranteed amount of money (a death benefit) that offers a financial cushion and helps protect your family members when they need it most.

What are the different types of insurance?

To keep it simple, there are two main types of life insurance: term and whole.

What Is Whole LIfe Insurance?

Whole life insurance provides coverage for a lifetime rather than for a term length. Unlike term life insurance, whole life insurance has a cash value component that can grow or decrease over time. You can borrow or withdraw money from the policy cash value and spend it as you wish. Loans and withdrawals will impact the policy’s cash value and death benefit, however, and may result in a tax liability.

What is Term Life Insurance?

Term life insurance is one of the simplest and most affordable types of life insurance and is characterized by its determined length (term) of coverage. As long as you pay the required premiums, the policy remains in effect and pays your beneficiary a guaranteed death benefit if you die within the coverage duration. It’s a no-stress financial cushion.

Do you have a contract?

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Do you have a contract?

Premium rates are calculated based on your risk level. The younger and healthier you are, the lower your premiums will be. If you need life insurance, purchasing when you are younger could save you a lot of money in the long run. Your premium depends on a variety of factors, including the policy’s value and term length, age and sex, health, including any tobacco use, family medical history and high-risk occupation and extracurricular activities

$$ Term
    Does NOT build cash value
    No guaranteed premiums (flexible)
$$ Universal
    Does NOT build cash value
    Has guaranteed premiums (flexible)