Term Life Insurance
Term Life insurance is one of the most affordable ways to protect your family and assets, some people use it as mortgageprotection. It is a plan that protects you for a period of time. Often you can choose the period of time you want protection for, it can be as little as 1yr all the way upto 25yrs, During the term period, your monthly premium will not go up.
Term Life Insurance
Final Expense Insurance
Final Expense covers end-of-life expenses including funeral arrangements and any remaining medical or legal expenses that will need to be settled by your beneficiary. Final expense insurance is usually less expensive than other types of policies due to its smaller death benefit. Factors like your age, health, and coverage amount will determine what you pay.With final expense insurance, premiums are locked in once you get approved.They’ll never increase as long as your policy remains active.
Final Expense Insurance
Whole Life Insurance
Whole life insurance is a permanent life plan that provides coverage throughout your entire life, but also allows you to do more. It can be you used for estate planning. You can add options like, disability income Rider, or critical and chronic condition rider; which pay your medical bills and provide living benefits if you were to be diagnosed.Whole life policies bring a cash value account. The whole life insurance cash value usually ends up being high, but payments grow in a tax-deferred account at an established rate. The premiums won’t change over time and the death benefit is certain, regardless of the time frame. In this sense, the policy functions as an investment and the death benefit payout usually reflect this. Typically, the death benefit in a whole life insurance plan yields a large outcome. Whole life is a versatile tool that can help meet many needs. For example; the cash value grows with interest and it can be accessed income-tax free via policy loans at anytime. Unlike a 401k that makes you wait until age 59 1/2. The flexibility whole life offers can help for long term retirement, paying down a mortgage, covering an unforeseen emergency, or a significant expense.