With various types of coverage available, finding the right coverage for you can be overwhelming.

We have included information on various types of coverage options and the benefits of each.

Life insurance rates are determined by the current age and health profile of the potential insured. It is a common misconception that insurance is something to be considered as a person approaches retirement. However, it doesn't matter whether you are 18 or 80, there are products that can meet your needs at any age.

Term Life Insurance

Designed to provide affordable protection during your most financially vulnerable years, usually lasting for 10-30 years.
Typically the lowest-cost way to get the most coverage, making it ideal for young families and new home owners.
You choose the term length. Many choose a timeframe matches financial responsibilities (mortgage, income replacement, raising children).
Most policies offer fixed/level premiums, so the rate will stay consistent for the term length.
Offers financial protection in the event of the untimely death of the primary income earner.

Indexed Universal Life (IUL) Insurance:

A type of permanent life insurance that offers the opportunity to grow cash value based on the performance of a market index (such as the S&P 500).
The cash value of the policy increases at a greater rate when the market index is up. Even when the market is down, these policies have a built in floor to protect the cash value from decreasing during a market down-turn.
Many policies offer flexible premiums so you can adjust how much to pay and when (within designated limits).
Several IUL policies allow you to increase or decrease your death benefit as your needs change.
Living benefits you can access during your lifetime.

Whole Life Insurance

Designed to last your entire life. This means your beneficiaries are guaranteed to receive a death benefit when you die.
Fixed/Level Premium: will not increase as you age or experience changes in health, making it predictable and stable for long-term planning.
A portion of your premium goes into a cash value account, which grows over time. Think of this as a type of emergency savings account.
Death benefits are generally income tax-free to beneficiaries.
Living benefits you can access during your lifetime.

Life insurance is not for the benefit of the insured, rather for the protection of those that are left behind.