Life Insurance

There are four different types of life insurance policies it is important to understand when one type of policy may better fit your needs then the others. Term life insurance allows for the most death benefit at the lowest premium. Whole life insurance offers lifetime level premium payments for permanent life insurance protection with dividends accruing cash value and may offer contractually paid up coverage.

Universal life insurance is permanent protection with cash values that build with interest credits. Universal life insurance offers a flexible premium payment, which means premium payments, may be increased, decreased, stopped and restarted.

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