We can help you develop a plan designed for your special needs. At the end of the term, the policy terminates and no death benefit is paid. You may pay either a level premium or an increasing premium. The company will pay to the beneficiary the face amount of the policy if you die within the policy's term. Universal Life Insurance Universal life is a cash value life insurance policy that combines some of the features of whole life with premium and face amount flexibility.
Universal life is the most flexible type of life insurance policy.
Whole Life Insurance Traditional whole life or permanent insurance provides lifetime insurance protection with guaranteed cash values, fixed premiums and death benefits as long as premiums are paid. The most common use is coverage on a husband and wife, but it can be used anytime that there will be a financial loss suffered when the second of two people die. When the insureds are spouses, the proceeds are usually used to pay off estate taxes and settlement costs that may be due at the death of a surviving spouse. This means heirs do not need to liquidatethe estate to pay these costs. We can help you select the coverage that best suits your needs.