Types of Life Insurance: Which One Is Right for You?

Choosing the right life insurance policy depends on your goals, stage of life, and financial situation. Here’s a quick breakdown of the four most common types we offer:

🕒 TERM LIFE INSURANCE

Term Life is the most affordable option when initially purchased. It provides coverage for a specific period (the “term”)—usually 10, 20, or 30 years—and pays a benefit only if you pass away during that time.

Best for:

Temporary needs like paying off a mortgage or securing income while children are still dependent.

⚰️ FINAL EXPENSE INSURANCE

Final Expense Insurance is designed to cover the bills many families face after a loved one passes—like funeral costs, credit card debt, or legal expenses. It ensures your family won’t have to carry that burden during a difficult time.

Best for:

Those wanting an affordable, simplified policy to cover end-of-life costs.

💡 UNIVERSAL LIFE INSURANCE

Universal Life offers both protection and flexibility. You can adjust your premium and death benefit amounts over time and build cash value that grows at a variable rate.

Best for:

Those seeking lifelong coverage with the option to grow savings and adapt the policy over time.

🏛️ WHOLE LIFE INSURANCE

Whole Life Insurance provides lifelong coverage with fixed premiums and a guaranteed death benefit. It also includes a savings component that builds cash value over time—money you can borrow against or leave to grow tax-deferred.

Best for:

Long-term planners looking for stable premiums and the ability to build wealth.