Life Insurance Offerings

 Term life insurance is a type of life insurance policy that provides coverage for a specific period, usually ranging from 5 to 30 years. If the insured individual passes away during the term, the policy pays out a death benefit to the beneficiaries. Unlike whole life insurance, term life insurance does not build cash value over time and is typically more affordable, making it a popular choice for those looking for temporary financial protection for their loved ones. 

 Whole life insurance is a permanent life insurance policy that provides coverage for the entirety of the insured's life, as long as premiums are paid. In addition to the death benefit, whole life policies also accumulate cash value over time, which can be borrowed against or withdrawn by the policyholder. Unlike term life insurance, whole life premiums are typically higher but remain level throughout the policyholder's life, offering both insurance protection and a savings component. 

 Universal life insurance is a flexible permanent life insurance policy that combines a death benefit with a savings component. Policyholders can adjust the premium payments and death benefits over time, providing more control and adaptability compared to other types of life insurance. The savings portion accumulates cash value, which can be used to cover premiums or withdrawn by the policyholder, offering potential tax-deferred growth.