Life Insurance

Term life Insurance is designed to meet your temporary life insurance needs. It provides protection for a pre-determined period of time (the “term”) and generally pays a benefit only if you die during the term the policy is enforced. This type of life insurance policy is often logical when you have a need for coverage that will become nonexistent at a specific point in time. For example, you determine that you only need coverage until your children have graduated from college or a particular debt such as a mortgage is paid off.

Permanent Life Insurance offers lifelong protection. The full face amount of your policy will be disbursed as long as you pay the premiums, and no loans, withdrawals, or surrenders are taken. Since it is designed to last a lifetime, permanent life insurance policies increase in value over time, along with increased premiums.

For most people, making the decision between term life insurance and permanent life insurance is one of the most difficult aspects of purchasing a life insurance policy. There are different types of policies within life insurance, each with its own distinct advantages and conditions.

If you’re having trouble deciding which form of life insurance is right for you just remember, the best way to figure out the amount and type of life insurance that makes sense for your particular situation is to meet with a qualified life insurance professional.

Contact us for more guidance in choosing the right policy for you.