Life Insurance

• Provides coverage for a specific period (e.g., 10, 20, or 30 years).

• Pays a death benefit if the insured dies within the term.

• More affordable than permanent life insurance but has no cash value.

• Ideal for income replacement, mortgage protection, or covering temporary financial obligations.

• Lifetime coverage as long as premiums are paid.

• Builds cash value that grows at a guaranteed rate and can be borrowed against.

• Premiums remain fixed.

• Suitable for estate planning, wealth transfer, and long-term financial security.

• Offers lifetime coverage with flexible premium payments.

• Cash value grows based on interest rates (traditional UL) or market indexes (IUL).

• Can be structured for tax-free retirement income (Indexed Universal Life - IUL).

• Best for those wanting flexible premiums and cash value growth potential.

• Permanent coverage with investment options within the cash value.

• Cash value growth depends on market performance.

• Higher risk but potential for greater returns.

• Suitable for individuals comfortable with market risk.

• Designed to cover funeral and end-of-life expenses.

• Lower coverage amounts, usually $5,000 to $50,000.

• Typically easier to qualify for.

• Ideal for seniors wanting to cover burial costs and small debts.