Term Life Insurance is a low-cost way of providing maximum coverage for your family. Protection is provided for a limited number of years. The insurance expires without value if the insured lives beyond the policy period, usually 5 to 20 years. Other policy life periods are available, including 1 year annual renewable term.

Term insurance premiums will not increase during the guaranteed policy time period (term) you select. Term Life Insurance pays a death benefit if you die during that term. Term insurance generally provides the largest insurance protection for your premium dollar.

Term Life Insurance remains in force for as long as premiums are current. The insurance coverage terminates if you discontinue your premium payments.

Universal Life has great flexibility. Policyholders can determine the amount and frequency of premium payments. Your premiums cover the insurance, the savings or investment element and the expenses. The stated interest on the investment portion changes with interest rates.

Whole Life Insurance provides permanent protection for the whole of life – from the date of policy issue to the date of the insured’s death, provided that premiums are paid. Premiums are set at the time of policy issue and remain level for the policy’s life. Unlike term insurance, whole life combines insurance protection and savings or cash value, which builds over time. The increase in cash value may provide a source for living benefits.  like helping pay off a mortgage, paying for a child’s education, or a cash surrender value if the policy is ever cancelled.