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What is Life Insurance?

Life insurance is a contract between you and an insurance company where the insurance company agrees to pay a "death benefit" to your beneficiary (typically a spouse or child) in the event of your death.

Types of Life Insurance

1

Term Life Insurance

Term life gives you the option to get 10, 20, or 30 years of coverage. This is the most simple and affordable way to be sure that your loved ones are protected financially in the event of your death.

2

Index Universal Life Insurance

Indexed Universal Life insurance gives you the opportunity to accumulate a cash value on your insurance policy through stock market tied indices. This acts like a savings account that can fund things like a college fund or a new car, and the best part is there is no risk to lose any of the earned cash value. You will only participate in the gains and take zero losses.

3

Whole Life / Final Expense Insurance

Final expense and whole life insurance are insurance policies that will last the entirety of your life. These policies are simply for your family to pay for your things like your funeral, burial, and/or last debts. They will typically have small face values and less medical underwriting.

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