Term Life Insurance

Term Life Insurance is perhapsthe most basic form of life insurance. It usually provides affordable protection, often with a guaranteed premium, for some period of time. If the insured should die while the policy is in force, the face amount is paid to the named beneficiary. At the end of the premium guarantee period, the insured can renew the coverage at a higher premium. The premium for term insurance is initially lower than a comparable permanent insurance policy; however, it can increase at each renewal. This initial lower premium usually makes term insurance an ideal choice for individuals with a temporary need for life insurance protection.

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Whole Life Insurance

The proceeds of many whole life insurance policies can be used to ease the financial burden of serious illness, terminal illness, or long-term care. These accelerated benefits may be offered as part of the basic policy or as a rider to the policy. Some of the characteristics of whole life insurance are:

• Level premiums do not increase with age

• Level death benefit up to age 100

• Guaranteed value

• Relatively high degree of safety

• Builds cash value

Whole Life Insurance Application

UNIVERSAL LIFE INSURANCE

Universal life insurance provides permanent life insurance protection and access to cash values that grow tax-deferred at competitive interest rates.

Flexible Protection
Universal life products give you the flexibility to choose the amount of protection that best suits your family or business. It allows you to increase or decrease coverage as insurance needs change. Increased coverage may be subject to underwriting requirements. You may not decrease your coverage below the required minimum. A decrease may result in a surrender charge being applied against the policy's cash value.

Flexible Premiums
With universal life insurance, you control the amount and frequency of payments. Looking towards the future? You have the option to increase the premium or make lump sum contributions, subject to limits as specified in the policy. The extra dollars grow tax-deferred, and may increase the cash and death benefit values. On the other hand, in a temporary cash crunch, you can pay less than the scheduled premium and let the policy's accumulated cash value pay the remainder of the monthly charges.

Flexible Design
Universal life products can be customized with innovative policy features to fit your lifestyle. to learn more about how universal life policy riders can protect your spouse and children, protect your ability to pay premiums during disability, and increase the benefit to your family if you should die accidentally.

Universal Life Insurance Application