TERM LIFE

This type of insurance provides temporary protection for the term of the policy. It does not build cash value. You are paying for "pure insurance protection" therefore, depending on your age, term has a low initial premium and is suited to shorter-term temporary needs such as mortgage protection or providing for your family in the event of your untimely death.

• The least expensive life insurance program
• Level premium and level death benefits
• Mortgage protection insurance - including specific time periods such as 7, 8, 9, 14, year term - why buy 15 yr. term when you only need 13?
• Policy expires at end of the term you purchased

Whole life builds cash values within the policy. It provides lifetime protection so that no matter when death occurs, the death benefit will be paid as long as the policy is in force. By borrowing against your cash value you can cover financial emergencies or establish a college fund in addition to estate planning uses.

• Guaranteed level death benefits
• Cash value build up at a guaranteed rate
• Tax deferred
• Living benefits
• Level premiums
• Waiver of Premium available (meaning if you become disabled, your premiums are waived until you are no longer disabled)

Universal life is like whole life in that the policy builds cash value over time and is permanent insurance. The main difference is that the premiums you pay are not fixed, they are flexible. Cash value accumulations reflect current interest rates, but there is a minimum guaranteed rate built into the policy.

• Flexible premium, pay minimum premium or pay more to build cash value faster
• Cash value build up with a guaranteed rate
• Tax deferred
• Excellent college educational fund
• Waiver of premium available