LIFE INSURANCE
Which of these plans suit your needs?
Whole Life Products
Whole Life
​A good fit for:
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Those who need coverage that doesn't require a medical exam.
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Those who need coverage for a burial, funeral, or to pay debts.
Characteristics:
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Premiums never increase.
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Builds cash value.
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Cannot be canceled for any reason if premiums are paid.
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Benefits paid to a designated beneficiary.
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Max death benefit = $50,000​
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Must be 45 years old to qualify.
Children's Whole Life
A good fit for:
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Those who want to lock in low childhood rates.
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Those who want guaranteed coverage through adulthood regardless of future health.
Characteristics:
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Premiums never increase.
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Builds cash value.
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Cannot be canceled for any reason if premiums are paid.
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Benefits paid to a designated beneficiary.
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Max death benefit = $50,000​
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Must be 14 days to 17 years old.
Whole Life Investment Products
Investment IUL
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A good fit for:
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Those looking for strong cash value accumulation.
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Supplement a retirement fund.​
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Create an education fund.
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Prepare for financial emergencies.
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Characteristics:
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$100K+ death benefit.
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Guaranteed interest rate.
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Cash value is available via a loan that doesn't have to be paid back.
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No-lapse protection.
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Riders included in the policy.
Protection IUL
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A good fit for:
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Those looking for a long-term death benefit.
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Wealth transfer.​
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Estate planning.
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Characteristics:
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$100K+ death benefit.
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Guaranteed interest rate.
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Cash value is available via a loan that doesn't have to be paid back.
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No-lapse protection.
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Riders included in the policy.
Express IUL
A good fit for:
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Those looking for a simplified underwriting process to get the policy faster.
Characteristics:
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$25K+ death benefit.
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Guaranteed interest rate.
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Cash value is available via a loan that doesn't have to be paid back.
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No-lapse protection.
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Riders included in the policy.
Term Life
Term Life
A good fit for:
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Those who need coverage for a fixed number of years.
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Mortgage payoff.
Characteristics:
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$100K+ death benefit.
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10, 15, 20, and 30 year policy periods.
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Level and guaranteed premiums.
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Does not build cash value.
Term Life Express
A good fit for:
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Those who need coverage for a fixed number of years.
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Mortgage payoff.
Characteristics:
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$25K+ death benefit.
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10, 15, 20, and 30 year policy periods.
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Level and guaranteed premiums.
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Does not build cash value.