Types of Life Insurance
What is Whole Life Insurance

How Whole Life Insurance Compares to Term Life

Whole life insurance is a type of permanent life insurance that provides coverage for the entire lifetime of the insured individual, as long as premiums are paid. Whole life differs from term life in the following ways: Policy Length and Cash Value Unlike term life insurance, which covers a specific period, or term (20 or…
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What is Indexed Universal Life Insurance

What is Indexed Universal Life Insurance

An indexed Universal Life Insurance Policy’s cash value can grow against a stock market index such as the S&P 500 An indexed universal life insurance (IUL) policy is a type of permanent life insurance that provides a cash value component, meaning you can borrow against the policy during your lifetime, as well as a death…
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What is Term Life Insurance?

Term life insurance is designed to provide you with a specific level of coverage for a predetermined period, i.e., a “term.” This type of insurance offers a straightforward and affordable way to ensure financial protection for your loved ones if you are to pass during the policy’s duration. Unlike whole life or universal life insurance,…
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