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Provides coverage for a fixed period (e.g., 10, 20, or 30 years).
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Pays a death benefit if the insured passes away during the term.
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More affordable than permanent life insurance but doesn’t build cash value.
Term Life Insurance
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Permanent coverage with guaranteed death benefits.
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Builds cash value that grows over time.
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Premiums remain fixed for life.
Whole Life Insurance
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Flexible permanent insurance allowing adjustments to premiums and death benefits.
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Builds cash value based on market interest rates.
Universal Life Insurance (UL)
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A form of universal life insurance where cash value growth is tied to an index
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Offers upside potential with some downside protection.
Indexed Universal Life Insurance (IUL)
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Designed to cover funeral costs and end-of-life expenses.
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Typically a smaller whole life policy with lower premiums.
Final Expense Insurance
Life Insurance Products
Life insurance provides financial security by offering a death benefit to beneficiaries in the event of the policyholder’s passing.
Fixed Annuities
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Provide guaranteed interest rates and income payments.
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Low-risk option for conservative investors.
Indexed Annuities
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Returns are linked to a stock market index, with a guaranteed minimum return.
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Offers a balance between risk and reward.
Immediate Annuities
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Convert a lump sum into guaranteed income that starts immediately.
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Common for retirees seeking stable income.
Deferred Annuities
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Grow tax-deferred until withdrawals begin at a later date.
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Can be fixed, variable, or indexed.