Life insurance gives you the peace of mind you only get from knowing that you've protected your loved ones.
In the event of your passing, life insurance provides money directly to your beneficiaries. They can use the money for whatever they want. Life insurance is also commonly used to fund a buy-sell agreement of a business.
Your financial security could affect your loved ones as much as, or more than, it affects you. Life insurance offers protection from life's unforeseen risks, and the power to leverage assets so you can accomplish more. Life insurance has tax advantages and flexibilities to help you meet your changing needs. It can provide:
Consider life insurance as an important component of your financial strategy.
Term Life insurance features temporary, cost-effective coverage with the opportunity to change should your needs change.
Term Life insurance provides a cost-effective solution for your temporary life insurance needs and gives you the flexibility to change your policy should your temporary needs turn into permanent goals.
Whole Life is the simplest form of permanent life insurance. It features lifelong protection with guaranteed premiums, death benefit, and cash value. Whole Life protects you for your entire life unless you cancel the policy.
Universal Life is a form of permanent life insurance. It can provide affordable guaranteed protection and flexibility. A Universal Life insurance policy provides flexibility that allows you to change, within limits, the death benefit and the timing and amount of your premium. You can build your policy's cash value, or pay a lower premium and focus more on guaranteed protection.
Variable Universal Life is a form of Permanent Life Insurance with flexible terms and investment possibilities.
Capitalizing on life's opportunities can be just as important as preparing for life's uncertainties. Variable Universal Life insurance gives you the chance to do both – all in one policy.
Variable Universal Life has flexible terms that allow you to change, within limits, the death benefit and the timing and amount of your premiums. It also lets you invest your cash value in professionally-managed funding options that reflect the performance of underlying investments such as stocks and bonds.
Whether your goal is to leave an inheritance, protect your business, or provide a lasting benefit to a charity, a survivorship policy may be right for you.
A Survivorship Universal Life policy covers two people, usually spouses, under one policy, but provides a benefit only after the second person passes away, which is typically when estate settlement matters arise. It can be an important part of your estate plan.
Keep in mind that Survivorship Universal Life generally covers two people at a cost lower than covering two people with two individual policies.