WHOLE LIFE POLICIES

Whole life insures you for your “whole life” and pays a cash benefit to your designated beneficiaries. They are typically used for cash value growth and long-term protection with a guaranteed level annual premium.

TERM LIFE POLICIES

Term life policies are typically purchased to provide greater coverage for a smaller premium, and they insure you for a specified period of time (5, 10, 15, 20, or 30 years). They are typically used to protect your family with insurance that will pay for your home mortgage, car loans, business debt, etc.

ANNUITIES

An annuity can be purchased with a one-time deposit or through flexible premium payments. An annuity pays a specified amount of money at regular intervals, starting on a specific date. Annuities are great for deferring income tax, planning for retirement, or other future goals.