LIFE INSURANCE

Term life insurance is meant to provide financial protection for a set period of time—usually while you have dependents or outstanding debts that could be transferred to others such as student loans. Term life insurance is an affordable way to get the coverage you need.  It is initially much less expensive when compared to permanent life insurance.  Unlike most types of permanent insurance, term insurance has no cash value. In other words, the only value is the guaranteed death benefit from the policy. 

 Permanent insurance provides lifelong protection.  These  policies offer a death benefit and can build cash value. The death benefit is money that's paid to your beneficiaries when you pass away.    Permanent life insurance lasts from the time you buy a policy to the time you pass away, as long as you pay the required premiums.  Permanent life insurance can be an important tool to help secure your family's financial future. 

Final expense insurance is designed to cover the bills that your loved ones will face after your death. These costs will include medical bills and funeral expenses. Final expense insurance is also known as burial insurance.  A final expense life insurance policy isn’t the same as what’s known as “insuring your life.” Insuring your life concerns leaving your family and loved ones with enough support after you pass away. Term and permanent life insurance are better suited for a higher death benefit.  Final expense life insurance range in death benefit from as low as $2,000 to $40,000.