Comparing Life Products
Who Should Buy Universal Life Insurance?
Universal life insurance is for people starting to earn a lot and enjoy smart investments, even if it comes with a bit more risk and a much higher return.
Common motivations for choosing universal life insurance include:
Securing flexible protection adaptable to changing circumstances
Mitigating the impact of lost income in the event of death
Utilizing tax-free cash value for retirement or education expenses
Crafting an effective estate or business plan
Establishing and safeguarding a lasting legacy
Who Should Buy Whole Life Insurance?
Whole life insurance is a popular choice for retirees, those nearing retirement, and individuals aged 45-85 seeking steadfast and guaranteed protection.
People frequently choose whole life insurance to:
Acquire coverage without undergoing a medical examination
Address end-of-life expenses
Enhance existing life insurance protection
Accumulate cash value for unforeseen emergencies
Offer a meaningful gift to a significant individual
Who Should Buy Term Life Insurance?
Term life insurance is frequently chosen by newlyweds, young parents, individuals in the workforce, and homeowners.
Common reasons for purchasing term life insurance include:
Replacing lost income in case of death during prime earning years
Settling the family's home mortgage
Establishing an emergency fund for loved ones
Clearing personal debts
Contributing to a child's education fund