| Types |
Key Features
|
| Term Life |
Pure protection for a limited time
- Coverage for a specified period of time
- Death benefit is paid if the insured dies during the specified period
|
| Whole Life |
Lifetime coverage with guarantees
- Guarantees a minimum death benefit no matter how long you live, as long as premiums are paid
|
| Variable Life |
Regular payments with a wide range of investment choices
- Permanent protection
- Scheduled premium payments
|
| Universal Life |
More options, but fewer guarantees
- Permanent insurance that provide protection in case of death, as well as a savings or cash value component
|
| Variable Universal Life |
Greater growth potential, greater risk
- Insurance protection with investment opportunity
- Flexible premium payments
- Choice of two death benefit options
|
| Survivorship Life Insurance |
Insured two lives, with the potential for cash value accumulation
|
