Types of Life Insurance

There are many different types of life insurance plans to choose from. It can definitely get overwhelming when you are trying to decide which type is best for your family. Our friendly agents can help you pinpoint the ideal policy based on your specific needs and budget. To get an idea what are available, below you will find the most popular types of life insurance that we offer to our clients.
         
LEVEL TERM
Term life insurance is the simplest type of life insurance and the most affordable. It provides protection for a specific period of time or "term" as its name implies. It is also the least expensive type of life insurance that can provide coverage for term periods of 15, 20, 25, 30 or even 40 years. During the term period, a death benefit will be paid out to your beneficiary. After the term period, the policy will expire and you will have to buy a different policy if you still would like to have coverage. Term life insurance can provide your family with peace of mind at a significantly low cost.

RETURN OF PREMIUM (ROP) TERM
This type of life insurance is similar to the Level Term policy in regards to the term periods. The major difference is a ROP policy will return 100% of your premium at the end of the term. The monthly premium will typically be slightly more due to the return of premium feature. At the end of the policy term, you can also have the option to forfeit the return of premium amount in exchange for a reduced paid-up policy.

NON-MEDICAL LIFE INSURANCE
Don't want to be hassled with a medical exam? If you are relatively young and in good health, you can apply for a non-medical term policy. It is similar to a level term policy but it will not required the traditional urine and blood test. The rates may be slightly higher due its "simplified issued" method. 

PERMANENT LIFE INSURANCE
Our most popular PERMANENT policy is Indexed Universal Life (IUL). It combines the features of traditional universal life insurance with the potential to earn interest based on the UPWARD movement of a major stock market index with no downside risk. With this unique combination of benefits, Indexed Universal Life has become popular among financial consumers. This type of policy is ideal for anyone that would like to have a lifetime of coverage along with the benefit of cash accumulation. 

MORTGAGE PROTECTION PLAN
A Mortgage Protection Plan is a term life insurance policy that offers optional benefit riders that provide innovative solutions for today's homeowner. This type of policy offers optional Disability Income and Critical Illness riders with NO MEDICAL EXAM required. 

FINAL EXPENSE (For Seniors)
If you died tomorrow, could your loved ones pay for the final burial expense? If your answer is "no", then you should consider buying a final expense policy. This type of policy will allow you plan NOW for an expense that you are guaranteed to have sooner or later. It will provide peace of mind for your elderly spouse knowing that your death will not be a financial burden. This type of plan offer FAST APPROVAL with NO MEDICAL EXAM with death benefit ranging from $5,000 to $50,000 amount.

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