Life Insurance Coverages

Term Life
An insurance plan that covers the insured for a certain period of time, not for his or her entire life.  Aimed at younger individuals and families; provides financial help in the case of premature death.

Universal Life Insurance

An insurance plan with periodically-adjusted returns tied to short-term interest rates. Flexible, permanent life insurance policies.

Survivorship Universal Life

 Also know as second -to-die insurance; provides a death benefit which can be used to help pay estate taxes.

Variable Universal Life

Offers the protection of life insurance with earnings potential through investment optiions

Whole Life Insurance

An insurance plan with premiums payable throughout a person's life.  Provides coverage in-force during the insured's entire lifetime, as long as premiums are paid; allows the policyholder to build cash value on a tax-deferred basis.