Term Insurance
Term Insurance is the most affordable type of life insurance to purchased and is designed to meet temporary needs for a designated timeframe. It provides protection for a specific period of time (the "term") and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.

Coverage options include terms for 5, 10,15, 20, 25 and 30 years as well as options to provide benefits for chronic or critical illnesses should a covered person be diagnosed. Group and Individual Term options are available.  

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Universal Life Insurance
Universal Life Insurance was created to provide more flexibility than whole life insurance by allowing the policy owner to decide to allocate premiums between the insurance and savings components of the policy. Premiums, which are variable, are broken down by the insurance company into insurance and savings, allowing the policy owner to make adjustments based on their individual circumstances. For example, if the savings portion is earning a low return, it can be used instead of external funds to pay the premiums. Unlike whole life insurance, universal life allows the cash value of investments to grow at a variable rate that is adjusted monthly.

Universal Life options include Standard, Indexed and Growth Universal Life plans to suit your life and financial goals. Group Universal is also available.  

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Whole Life Insurance
Whole Life Insurance is a life insurance contract with level premiums that has both an insurance and an investment component. The insurance component pays a stated amount upon death of the insured. The investment component accumulates a cash value that the policyholder can withdraw or borrow against. As the most basic form of cash-value life insurance, whole life insurance is a way to accumulate wealth as regular premiums pay insurance costs and contribute to equity growth in a savings account where dividends or interest is allowed to build-up tax-deferred.

Whole Life options include Group and Individual (Growth, Value and Access). 

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