Let’s start off by acknowledging that having ANY LIFE INSURANCE in place is good. However, you should know that not all life insurance works the same. For instance, the life insurance policy at work does end when you leave your job or retire, and getting life insurance when you are younger will save you thousands of hard earned dollars over the years. So locking in the right type of life insurance for you and your family now is the key to being able to keep coverage during hard times later.

We break things down into 3 easy to understand options. Term Life – Whole Life – Universal Life

Term Life Insurance coverage is designed to cover you with MORE at a LOWER Price, but for only a determined number of years. We compare this type of coverage to renting or leasing a place to live. It’s definitely a lower up front investment and it provides the shelter you need now. With Term you are renting higher amounts of insurance at a lower price to provide protection during the years that your family financially depends on you the most.

Whole Life Insurance coverage is designed to gradually grow with you and can provide you a retirement supplement if needed at that retirement stage of your life. It can also provide you a cash value that can be used to continue to pay the policy when you no longer can. Or you can borrow from that cash value or simply cash out when you need it. We compare this to buying a home. The upfront investment can be higher and while you may have a mortgage, at any given moment you can borrow against the equity of that home. Or at a later stage in life you can do a reverse mortgage that allows you to live in the home but not pay anything. With Whole Life Insurance you are buying amounts of insurance that will grow and pay you back at later years in your life.

Universal Life Insurance coverage is designed to rapidly grow with you when you fund this type of policy correctly and it can provide you a hefty retirement supplement during that retirement stage of your life. The cash value can be used to continue to pay the policy when you no longer can. Or you can borrow from that cash value or simply cash out when you need it. We compare this to buying a rental property. The upfront investment can be higher, you do need to manage it and while you may have a mortgage, at any given moment you can borrow against the equity of that rental property. With Universal Life Insurance you are buying amounts of insurance that will grow rapidly when managed property and that will pay you back at later years in your life.

With every life insurance product you have a choice to do a medical exam and receive the most competitive rates based on established height & weight charts. Or  you can decline a medical exam and accept a standard base rate from the insuring company. We offer both options and each has it’s benefits depending on the individual needs or situation.