Term, Whole, and Universal Life

The Health Insurance Marketplace is a resource where individuals, families, and small businesses can learn about their health overage options; compare health insurance plans based on costs, benefits, and other important features; choose a plan; and enroll in coverage.  Our agents have the experience and knowledge to assist you with this process at NO additional cost.

TERM LIFE INSURANCE

Term insurance is a policy with a set duration limit on the coverage period. Once the policy is expired, it is up to the policy owner to decide whether to renew the term policy or to let the coverage end. Term insurance is best suited for people who know for certain their need for life insurance coverage will be temporary.


WHOLE LIFE INSURANCE

Whole Life Insurance best caters to your long-term goals by offering consistent premiums and guaranteed cash value accumulation. Whole life insurance covers you as long as you live. You have to pay the same amount of premium for a specific period to receive the death benefit. Normally, this policy is kept in force for the rest of your life, regardless of how long you may live.


UNIVERSAL LIFE INSURANCE

Universal Life Insurance offers consumers flexibility in the premium payments, death benefits and savings within their policy choice. This policy is also termed "adjustable life insurance," because it offers more flexibility compared to whole life insurance. You have the liberty to reduce or increase your death benefit and also to pay your premiums at any time and in any amount (subject to certain limits) after your first premium payment has been made.