LIFE INSURANCE

Term Life Insurance

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.

Term Life - For temporary coverage:

• Life insurance for a fixed period of time: one, five, 10 years or longer
• Most economical form of life insurance
• Guaranteed death benefit within the specified term
• No return of investment at the end of your term

Term Life is right for you if you want:

• • An affordable way to get maximum coverage
  • To cover specific financial responsibilities like a mortgage or college expenses
  • To supplement your Permanent Life Insurance during periods when coverage needs are higher, such as family-building, mortgage-paying years

Some things to consider about Term Life:

• • There is no cash value accumulation
  • Continuing your coverage after the initial level premium-paying term expires can be very expensive

Whole Life Insurance

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.

Whole Life can be right for you if you want:

• Fixed premiums that will not increase
• A guaranteed death benefit payout
• Cash value that is guaranteed to grow each year - tax-deferred
• Dividends that can be used to increase the value of the policy

Some things to consider about Whole Life:

• Premiums are initially more costly than Term Life, but are guaranteed not to increase
• Dividends are not guaranteed
• Loans and withdrawals can reduce the death benefit payout

Whole Life Insurance

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.

Universal Life can be right for you if you want:

• Protection that can last a lifetime
• The flexibility to choose between two policy designs:
  
  • Protection plus cash accumulation
  • Focus on affordable guaranteed protection
• An option for a lifetime of guaranteed monthly income for your beneficiaries

Some things to consider about Universal Life:

• Cash value growth is based on periodically-declared fixed interest rates. Should rates fall, cash accumulation could suffer, and higher premiums may be needed
• Changing your policy's premium or death benefit can affect your policy's performance and guarantees, possibly requiring higher premiums later

Variable Universal Life Insurance

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.

Variable Universal Life can be the right choice if you want:

• Protection that can last a lifetime
• Flexibility to accommodate life changes
• Cash value with market growth potential

Some things to consider about Variable Universal Life:

• As with any investment, the value of the funding options will fluctuate with changes in market conditions. There is growth potential, but also risk of loss.
• Skipping or postponing premiums can affect your policy's cash value and death benefit, and may cause increased premium requirements later.

Survivorship Life Insurance

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.

A Survivorship policy can be the right choice if you want to:

• Leave an inheritance for your heirs, a charity or a university
• Make it easier to control how your estate is distributed
• Maintain coverage for both insureds' entire lives, even well beyond age 100

Keep in mind that Survivorship Universal Life generally covers two people at a cost lower than covering two people with two individual policies.

Some things to consider about Survivorship Life:

• A benefit is paid only at the death of the second insured person, not the first.
• Its primary purpose is to help you and another person plan your legacy