Life Insurance

Your life is priceless and no specific dollar amount could ever be placed upon it. You are unique and irreplaceable. A life insurance policy is not intended to value a life, rather a life insurance policy is about complimenting your life and your legacy. It's a great tool to plan for the unthinkable and protect your family when you no longer can. 

There are many options and structures available for life insurance policies that provide coverage for a variety of items in the event of your death including things like burial expenses, uninsured medical bills, pay-off of a mortgage and other outstanding debts, maintain a comfortable standard of living for your family, and much more. 

Term life insurance is a low-cost way of providing maximum coverage for your family. Protection is provided for a limited number of years. The insurance expires without value if the insured lives beyond the policy period, which usually runs for anywhere between 5 to 20 years. However, other terms are available, including one-year annual renewable term.

Term insurance premiums will not increase during the term you select and pays a death benefit only if you die during that term. Term life Insurance remains in force for as long as premiums are current, provided there are no misrepresentations on the application. The insurance coverage terminates if you discontinue your premium payments. 

Universal life insurance policies offer a lot of flexibility. You can determine the amount and frequency of premium payments. Unlike term life insurance, the premiums you pay are more than just life insurance. A portion of that premium is also an investment that earns interest over time and can be an effective tool for your financial planning. 

Whole life insurance provides permanent protection for the whole of life, from the date of policy issue to the date of the insured's death, provided that premiums are paid. Premiums are set at the time of policy issue and remain level for the policy's life. Unlike term insurance, whole life combines insurance protection and savings or cash value which builds over time. Cash value build-up may provide a source for living benefits like helping pay off a mortgage, or a child's education, or cash surrender value if the policy is ever canceled.