WHOLE LIFE INSURANCE

Whole life insurance is a life insurance product that provides coverage that is guaranteed to last a lifetime, provided required premiums are paid, or to the maturity date.

Because the whole life policies are guaranteed to remain in force as long as the required premiums are paid, the premiums are typically much higher when compared to term life insurance. Typically the premiums are fixed, the death benefit increases over time and there is guaranteed cash value that grows on a tax deferred basis inside of the policy.

Whole life insurance is designed for those who wants a simple, permanent life insurance plan and want the ability to access the cash value that accumulates over time.

UNIVERSAL LIFE INSURANCE

Universal life (UL) is a very flexible permanent life insurance product which offers the low-cost protection of term life insurance as well as a savings element (like whole life insurance) which is invested to provide cash that accumulates over time.

Premiums are usually fixed for the duration of the policy and coverage lasts for a lifetime.

When compared to other alternatives, Universal Life is a very attractive and flexible permanent life insurance solution used by individuals, families and business owners (small to large).

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