Term Life Insurance
Mostly used to replace lost potential income during working years and can provide a general safety net for your beneficiaries. Through this type of insurance, your loved ones can continue living their lives with a financial support from you.
Universal Life Insurance
It is a permanent insurance that can protect you for a lifetime. It can serve as a long term income replacement and can be used as a flexible estate planning strategy. You may lower or raise your premium coverage amounts through your lifetime.
Whole Life Insurance
Like Universal Life Insurance, Whole Life Insurance provides lifetime coverage. The only difference between Universal Life Insurance and Whole Life Insurance is that the latter is not flexible and is typically with a fixed timeframe of coverage.
For more inquiries on the types of Life Insurance, you may call us at 305-251-0217.