Life Insurance
Death can happen at an unexpected time. The good news is that having a life insurance policy will provide your family the proper resources and peace of mind to continue life as they mourn and grieve. Life insurance can be more than just funds for funeral expenses but also income protection that helps families build generational wealth.
Types Of Life Insurance Policies
Term Life Insurance
A term life insurance policy is a contract that lasts for a set period of time (usually between 10-30 years) where the insurance company pays your beneficiaries a lump sum if you die while the policy is active
Whole Life Insurance
Whole life insurance is a permanent life insurance policy that provides coverage for the insured's entire life. It combines a death benefit with a savings component, accumulating cash value over time. Premiums are typically fixed, and the policyholder can borrow against the cash value or use it for retirement.
Index Universal Life Insurance (IUL)
Index universal life insurance is a type of permanent life insurance that offers both a death benefit and a savings component linked to a market index, like the S&P 500. Its cash value can grow based on index performance, and it offers flexible premiums and adjustable death benefits.