Life Insurance

Universal life insurance offers lifelong coverage and cash value accumulation, similar to whole life. However, it distinguishes itself by providing greater flexibility in premium payments. Policyholders can typically adjust their premiums within certain boundaries, which can sometimes make it a more affordable option compared to traditional whole life insurance.

Providing lifelong protection, whole life insurance, also called traditional life insurance, guarantees a death benefit that never expires. Additionally, it includes a cash value component that accumulates over time.

Designed to address temporary financial obligations, term life insurance offers coverage for a defined period. At the end of the term, you have options to renew, convert, or allow the policy to end. It's a cost-effective choice for needs like mortgage or tuition protection, and unlike whole or universal life, it doesn't accumulate cash value.

Key person insurance, also known as key employee insurance, is a policy taken out by a business on the life of an individual who is crucial to its success. This coverage provides a financial benefit to the company if the key person dies, helping to offset losses that could arise from the disruption of operations.