Plan Details
Life Insurance Plans
Life Insurance
Life insurance is an essential part of any sound financial plan. There are two main types of life insurance: term life insurance and whole life insurance.
Term Life Insurance
Term life insurance provides coverage for a specific period of time, typically 10, 20, or 30 years. During this period, if the policyholder dies, the beneficiaries receive a death benefit payout. Term life insurance policies are usually less expensive than whole life insurance policies, making them a popular choice for those who want affordable coverage.
Whole Life Insurance
Whole life insurance provides coverage for the entire life of the policyholder, as long as premiums are paid. Whole life policies offer additional benefits over term life insurance such as cash value accumulation and the ability to borrow against the policy.
