Life Insurance

Provides coverage for a specific period (term), usually 10, 20, or 30 years. It pays a death benefit to beneficiaries if the policyholder passes away during the term. It has no cash value and is typically the most affordable form of life insurance.

A type of permanent life insurance that provides lifelong coverage with fixed premiums. It includes a cash value component that grows over time and can be accessed by the policyholder while they’re alive.

A flexible form of permanent life insurance that allows policyholders to adjust premiums and death benefits. It includes a cash value component that grows based on interest rates set by the insurer.

A type of universal life insurance where the cash value growth is linked to the performance of a stock market index, such as the S&P 500. It provides downside protection and has potential for higher cash value growth than traditional universal life.

Offers flexibility in premiums and death benefits, with a cash value that can be invested in various sub-accounts (similar to mutual funds), allowing for potential growth based on market performance.

A small whole life policy designed to cover funeral and burial expenses. It provides a lower death benefit, typically between $5,000 and $25,000, to cover end-of-life costs.

Provides life insurance coverage without medical underwriting. It's often used by individuals who cannot qualify for traditional life insurance due to health conditions. The death benefit is typically smaller, and premiums can be higher.

Life insurance that doesn’t require a medical exam but does require answering a health questionnaire. It's quicker to obtain than fully underwritten policies and is a middle-ground option for those with minor health issues.

Life insurance policies offered by employers to employees as part of a group benefits package. The coverage is often term life and is more affordable due to the group nature, with less stringent underwriting.

Provides coverage if the insured dies or loses limbs or vital functions due to an accident. It only pays out in cases of accidental death or injury, not due to illness or natural causes.

A permanent life insurance policy that covers two people, typically spouses, and pays out only after both have passed away. It is often used for estate planning purposes.

Offers life insurance coverage for children, typically as a whole life policy. It builds cash value over time and ensures coverage for the child into adulthood, often at low rates.

A financial product that provides guaranteed income, usually for life or a specified period. Individuals invest a lump sum or series of payments, and the insurer provides regular payouts in retirement or other timeframes.

Types of Annuities:
‍Fixed Annuities: Provide guaranteed payouts based on a fixed interest rate.
‍Variable Annuities: Payouts depend on the performance of investments in sub-accounts.
‍Indexed Annuities: Payouts are tied to the performance of a stock market index, offering some growth potential with downside protection.

An annuity where payments begin at a future date, allowing for tax-deferred growth of the investment until the payout phase begins, typically in retirement.

Purchased with a lump sum and provides immediate, guaranteed payouts, usually for the rest of the policyholder’s life, making it useful for retirees seeking stable income.

Provides coverage for long-term care services, including in-home care, nursing home care, or assisted living, if the insured becomes unable to perform daily activities due to aging or illness.

Pays a lump sum benefit if the insured is diagnosed with a covered serious illness, such as cancer, heart attack, or stroke, helping to cover medical expenses or lost income during recovery.

Provides a portion of the insured’s income if they become disabled and are unable to work due to injury or illness. It helps protect against income loss during periods of disability.