Life
Life insurance serves many purposes such as income replacement to beneficiaries, payment of final expenses or creating an inheritance. Your age and health determine the best coverage and the policy premium.
Term Life - The simplest and most recommended form of life insurance typically has a 1–30-year term and pays benefits should the insured’s death occur during the policy period.
Whole Life - Pays benefits for the insured’s death up until the age of 100. It accumulates a tax-deferred cash value, and the premiums increase over time although the benefits do not change. It combines the benefits of a Term Life policy and a long-term saving plan.
Each policy will have stipulations, limits, and exclusions. Extensions, riders, and floaters are available to fill any gaps. The information on this website is an overview of the types of insurance you may be able to purchase, but does not comprise full explanations of policy types nor does it guarantee any particular coverage or policy.