Whole Life Insurance stays in force as long as premiums are paid and doesn’t expire until the insured passes away. Premiums are level throughout the life of the policy and based off your current age at the time the policy is put into effect.
Terms life Insurance is a set amount of insurance purchased for a specific Time Frame, or TERM. It is usually purchased as debt protection (Loans, Mortgage Payments, Long Term debts etc.). Term Life typically has higher face amounts and lower premiums than Whole Life insurance due to its limited time frame for coverage.
Guaranteed Issue Insurance is whole life insurance without any health questions. Everyone is approved; the policy does have a waiting period. But, this is a great option when there is nowhere else to turn.
We also offer several other options in life insurance: Universal Life, Variable Universal, Single, Fixed and Flexible Premium. Call today to hear all of your options!