Term life insurance offers coverage for a set period (e.g., 10, 15, 20, 25, or 30 years). Regular premium payments maintain the coverage. If the insured dies within the term, beneficiaries receive a death benefit. Coverage ends when the term expires, unless renewed or converted.
Return of Premium
When a return of premium policy and your term ends, you can receive all the premiums you paid back on a tax-free basis. However, you can also select to use your premiums for a paid-up permanent life insurance policy, or you can get part of your premiums back and use the rest to pay for permanent coverage.
Is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity date.
Index Universal Life
In permanent life insurance, the cash value component is connected to a market index, such as the S&P 500, allowing the interest credited to vary accordingly. These policies offer lifelong coverage, and depending on the policy's performance, the cash value has the potential to grow at a higher rate compared to non-indexed universal life policies.
Guaranteed Universal Life
Insurance provides a cost-effective means to obtain permanent insurance coverage. By consistently paying the planned premiums to maintain an active policy, your beneficiaries are assured to receive the guaranteed death benefit upon your passing.
A life insurance policy is available to individuals from infancy through 17 years old, guaranteeing coverage for the insured's entire lifetime or until the policy reaches its maturity date. As long as the required premiums are paid, the policy remains in force, ensuring continuous protection.
Insurance is specifically designed to provide financial coverage for the expenses that your loved ones may encounter following your passing. These costs typically encompass medical bills, funeral expenses, and related obligations. This type of coverage is particularly relevant for individuals between the ages of 45 and 85.
Fixed Index Annuity
A Fixed Index Annuity is an insurance contract designed to provide retirement income. This type of annuity offers payments that are linked to the performance of a stock market index, such as the S&P 500 or the Dow Jones Industrial Average.