As a form of permanent life insurance, whole life provides lifetime guaranteed protection. It also accrues cash value.
This type of life insurance can last from 10 to 30 years. Typically, it's more affordable than permanent coverage and can often be converted into a permanent policy.
Universal life offers the same benefits as whole life while providing monthly premium payment flexibility should job changes impact your financial station.
If your family relies on your income, it’s critical to consider having enough life insurance to provide for them after you pass away.
This infographic can assist you in answering your adult child's most commonly asked questions pertaining to life insurance.
Having adequate protection can help your business succeed, while protecting you and your family from financial risk.
All whole life insurance policy guarantees are subject to the timely payment of all required premiums and the claims-paying ability of the issuing insurance company.
Some whole life policies do not have cash values in the first two years of the policy and don't pay a dividend until the policy's third year. Talk to your financial representative and refer to your individual whole life policy illustration for more information
Universal Life Insurance may lapse prematurely due to inadequate funding (low or no premium), increase in cost of insurance rates as the insured grows older, and a low interest crediting rate. This does not apply to universal life policies which have a secondary guarantee, but if the secondary guarantee requirements are not met, the policy will most likely lapse.