Insurance Basics
Term Life Insurance
Term life insurance provides coverage for a set period, such as 10, 20, or 30 years. It is often used to help protect income, a mortgage, or children’s future needs. If the policy stays active and the insured person passes away during the term, the policy’s death benefit is paid to the named beneficiaries.
Whole Life Insurance
Whole life insurance is designed to provide lifelong coverage as long as premiums are paid. It can include a guaranteed death benefit and cash value that may grow over time. It is often considered when someone wants permanent protection and a predictable policy structure.
Protecting Your Family's Future
- How can life insurance help cover our home mortgage and student loans?
- What are the best ways to use life insurance proceeds for our children's education?
- How do we ensure our family's financial needs are met if I pass away?
- What are the key differences between term and whole life insurance for our family?
- How do we evaluate our current coverage to ensure it reflects our current lifestyle?
Indexed Universal Life (IUL)
Indexed universal life is permanent life insurance with flexible premium and death-benefit features, plus cash value linked in part to the performance of a market index. It does not directly invest in the market, and policy results depend on the contract’s rules, caps, floors, fees, and funding.
Simple Term Riders
Term riders can add temporary coverage or extra protection to a base policy. Depending on the contract, riders may help cover a spouse or child, add accidental-death protection, or provide other options. Availability, cost, and terms vary by policy.