Compare Life Insurance Options
Life Insurance can help answer a very straight forward and difficult question: How will my family manage financially when I die?
Planning ahead is one of the most important things we can do for ourselves and our families. While we can’t always plan for the sudden changes that may happen in our lives, we can plan for what happens after.
Life Insurance Product Comparison | |||
Term Life | Whole Life | Universal Life | |
Who Is It Good For? | Needs life insurance only Most affordable option Offers coverage for a specific period of time -often 10, 20, or 30 years | Values guaranteed premiums, cash value growth, and the potential to earn dividends – all in a policy that provides lifetime protection | Interested in long-term coverage with flexible premiums and the potential to build account value |
Guaranteed Premiums | Yes | Yes | Some policies have guarantees |
Cash Value Growth | No cash value | Guaranteed growth | Based on the current interest rate (which cannot be lower than the guaranteed minimum rate) |
Potential To Earn Dividends | No | Yes | No |
What Would I Use This For? | Cover a specific obligation, such as a mortgage or business loan Meet a large life insurance need with the most affordable policy | Meet a lifetime life insurance need Supplement retirement income Weather market fluctuations in retirement Leave a legacy for children or charity | Meet a long-term life insurance need Supplement retirement income Weather market fluctuations in retirement Leave a legacy for children or charity |
What is the process for getting a life insurance policy?
When you work with one of our licensed professionals, here’s what you can expect:
- Analyze
During your initial phone call, your licensed representative will ask you questions to understand your financial goals and objectives. - Recommend
After looking at your entire situation, your licensed representative will provide you with suggestions so you can choose the products best suited for your situation. - Purchase
If you’re satisfied with their recommendations, they work with you to secure the products to help ensure your financial future. This may require a medical exam.
Do you want to compare life insurance options?
Complete this form to get started 🡻
About the Author: Craig Matesky
Reviewed by: Mike Berger