Compare Life Insurance Options

Life Insurance can help answer a very straight forward and difficult question: How will my family manage financially when I die?

Planning ahead is one of the most important things we can do for ourselves and our families. While we can’t always plan for the sudden changes that may happen in our lives, we can plan for what happens after.

Life Insurance Product Comparison

Term Life

Whole Life

Universal Life

Who Is It Good For?
Needs life insurance only

Most affordable option

Offers coverage for a specific period of time -often 10, 20, or 30 years

Values guaranteed premiums, cash value growth, and the potential to earn dividends – all in a policy that provides lifetime protectionInterested in long-term coverage with flexible premiums and the potential to build account value
Guaranteed Premiums
YesYesSome policies have guarantees
Cash Value Growth
No cash valueGuaranteed growthBased on the current interest rate

(which cannot be lower than the guaranteed minimum rate)

Potential To Earn Dividends
NoYesNo
What Would I Use This For?
Cover a specific obligation, such as a mortgage or business loan

Meet a large life insurance need with the most affordable policy

Meet a lifetime life insurance need

Supplement retirement income

Weather market fluctuations in retirement

Leave a legacy for children or charity

Meet a long-term life insurance need

Supplement retirement income

Weather market fluctuations in retirement

Leave a legacy for children or charity

What is the process for getting a life insurance policy?

When you work with one of our licensed professionals, here’s what you can expect:

  • Analyze
    During your initial phone call, your licensed representative will ask you questions to understand your financial goals and objectives.
  • Recommend
    After looking at your entire situation, your licensed representative will provide you with suggestions so you can choose the products best suited for your situation.
  • Purchase
    If you’re satisfied with their recommendations, they work with you to secure the products to help ensure your financial future. This may require a medical exam.
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About the Author: Craig Matesky
Reviewed by: Mike Berger