Protect your children and loved ones in the event of your death. In your early years, increased life insurance serves to pay off your mortgage. In later years, it protects your retirement funds and covers miscellaneous costs after your death, including burial costs. We offer term life insurance policies or whole life insurance policies.
Term Life Insurance
Term life insurance is offered and guaranteed fora certain amount of years – typically for 10, 15, 20, or 30 years. The minimum amount of term life insurance coverage starts at $100,000, and goes up in increments of $10,000. Term insurance is more widely bought, because it is much less expensive than whole life insurance policies.
Whole Life Insurance
Whole life insurance policies (which are in effect until the person dies,) are usually more expensive than term policies. It should be noted that usually during the first five years of most term life insurance policies, they can be converted to whole life insurance policies, usually without a medical exam or a physician’s certificate.