Policy Types
We've summarized our life insurance options below and our staff is prepared to answer any questions you have.
Types of Auto Insurance Coverage
TERM INSURANCE
Considered temporary insurance as protection is provided for only a specific time period. No cash values accumulate and generally the policy expires at the end of the specified time period. Term insurance can be used to cover an auto loan or a mortgage. It can be used to provide an immediate estate during the child rearing years.
Term lengths available are 5, 10, 15, 20 and 30 Years.
PERMANENT INSURANCE
Forms of traditional life insurance. These can be Whole Life or Universal Life policies. These are designed to provide coverage for the rest of your life and often accrue a cash value. Premiums are generally higher as these are a long-term investment.
UNIVERSAL LIFE
A modern concept designed to take advantage of the best features of both term and traditional policies, Universal life will provide a combination of life insurance protection and a savings fund which is credited with a current rate of interest.
ANNUITIES
Often referred to as the opposite of life insurance because they are designed to make funds available while the purchaser lives. With an annuity you pay premiums, in a lump sum or installments, expecting to collect the benefits for yourself an annuity offers:
A competitive investment yield
Tax deferment of interest earnings
A guaranteed life-time Income
Annuities can also be used in retirement programs such as an IRA, SEP, KEOGH, or a TSA.