This form of coverage helps your family prepare for the unexpected by building tax deferred cash value. You can use it for a loss of income, mortgage, educational needs, or to leave a legacy for the next generation.
A universal policy provides flexible coverage and premiums, permanent protection, and cash value growth that is tax deferred. Unlike whole life, these policies allow for the interest from accumulated savings to go toward premiums.
A form of permanent life that allows you to allocate a portion of your premium dollars to a separate account comprised of various instruments and investment funds within the insurance company's portfolio such as stocks, bonds, equity funds, money market funds, and bond funds.
A single life insurance contract that covers an entire group of people, like a company's workforce. The policy owner is usually an employer or large-scale entity like a labor organization. Insurance types will vary depending on the preferences of the policy owner.