Term Insurance Pros: Term Insurance initially costs less than other insurance policies mainly because, unlike other policies, it builds no cash value. Term insurance provides the most coverage dollar for dollar. Term Insurance is great for young families, or any family with large financial needs and a tight budget. Cons: Term Insurance premiums increase with age [...]

After you decide to purchase life insurance, you face your first of many decisions: Term or Permanent Life Insurance? It all depends on age, family situation, and needs. The two kinds of life insurance are appropriate for different situations. Term insurance is designed for those who are interested solely in a death benefit; for example, a [...]

A Brief Overview of Variable-Universal Life Insurance: Variable Universal Life Insurance blends the features of Variable Life and Universal Life, offering a choice of underlying investment accounts, flexible premiums and adjustable death benefit. The amount of the death benefit may rise or fall, depending on the success of the underlying investments you choose. Because the [...]

A Brief Overview of Whole Life Insurance: Whole Life Insurance is permanent life insurance protection for your entire life, usually to age 100. A Whole Life policy is contractually guaranteed not to lapse, provided that you pay sufficient premiums each year to keep the policy in force. Whole Life Insurance features a savings element that [...]

An Overview of Variable Life Insurance: Variable Life Insurance provides permanent protection to your beneficiary upon your death. This type of life insurance is “variable” because it allows you to allocate a portion of your premium dollars to a separate account comprised of various investment funds within the insurance company’s portfolio. The value of the death [...]

An in-depth overview of Universal Life Insurance (Skip to the brief overview for a more general description) Universal Life Insurance, also called “Flexible Premium Adjustable Life Insurance,” is a more flexible version of Whole Life Insurance. Like Whole Life, Universal Life Insurance features a savings element that grows on a tax-deferred basis. A portion of [...]

The Basics of Term Life Insurance:  Term Life Insurance is temporary life insurance protection for a specified period of time-usually to age 65. This is the simplest and most common form of life insurance in the US. Dollar for dollar, Term life insurance offers the most coverage because it is simply providing financial protection in [...]