Types of Life Insurance

Whole Life

• Guaranteed Death Benefit
• Guaranteed Cash Value
• Level Premiums that are guaranteed to never change
• Potential additional cash value by the receipt of any dividends declared by the company. Although not guaranteed, dividend payments are generally declared annually by the company

Universal Life Insurance

• Flexible death benefit
• Flexible premium
• Policy cash values are credited a current interest rate that is set by the insurance company and which is subject change but it will never be lower than a guaranteed minimum interest rate

Indexed Universal Life Insurance

• Flexible Death benefit
• Flexible Premium
• Cash value grows based on an interest crediting strategy that is tied to the changes in a market index such as the S&P 500

Term Insurance

• Guaranteed death benefit for a fixed period
• Fixed premium
• No cash value
• Coverage is for a certain time period (term), usually for a specific number of years or to a specific age of the insured
• Initial premiums tend be lower but will eventually increase

Life Is a Journey: Jessica’s Story

Jessica and her husband were on top of the world – they had just welcomed their second child, Mason, into the world, and life was good. On September 26th, 2011, Jessica received a call that would change their lives forever. The diagnosis was breast cancer. Luckily, Jessica had covered herself with Living Benefits a few years before. Watch how that decision completely changed their family’s financial outlook, and led to a full recovery for Jessica and her family.