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We all have a responsibility to protect those who depend on us with a sufficient amount of life insurance protection. Life Insurance is the cornerstone of your family’s financial security. It can provide those who are left behind with a lifetime of financial security.

Life Insurance can also provide businesses with the capital necessary to survive the passing of a key employee or partner.

There are two basic types of life insurance available on the market today, Term Life Insurance and Permanent Insurance. Which one is for you? It may depend on how long you need the coverage for. If you have a temporary protection need, Term Life Insurance may be appropriate. If you expect to need life insurance for a longer duration, even for your lifetime, then you should consider Permanent Life Insurance.

Term Life Insurance

Designed for temporary life insurance protection, Term Insurance offers the lowest initial premium expense. Over time, however, term insurance premiums can increase significantly. In the long run the cost may even surpass the cost of permanent life insurance.

One Year Term Insurance
Scheduled Term Insurance
Level Term Insurance

Permanent Life Insurance

Intended to provide life insurance protection for an extended duration, even for your entire lifetime. Permanent Life Insurance offers guaranteed premiums and guaranteed cash values (accumulated as a result of your premiums). Some types can offer you cash value growth driven by the equity markets. While the premiums are higher than you initially would pay for the comparable amount of term insurance, over time the permanent life insurance cost may be lower than term insurance.

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