Life

Term Insurance

There are several types of term insurance you can consider:

• *Renewable Term Insurance
• *Convertible Term Insurance
• *Level Term Insurance
• *Decreasing Term Insurance
• *Increasing Term Insurance

Term Insurance is the simplest form of life insurance. It pays only if death occurs during the term of the policy, which is usually from one to 30 years. Most term policies have no other benefit provisions.

There are two basic types of term life insurance policies – level term and decreasing term.

Level term means that the death benefit stays the same throughout the duration of the policy.

Decreasing term means that the death benefit drops, usually in one-year increments, over the course of the policy’s term.

Whole Life / Permanent Insurance

Whole life or permanent insurance pays a death benefit whenever you die – even if you live to 100! There are three major types of whole life or permanent life insurance – traditional whole life, universal life, and variable universal life, and there are variations within each type.

Contact us to know more about it.