Protect your family and round out your portfolio.
- Choose from various coverage options
- Address different needs
- Rely on a comprehensive strategy
Choose from various coverage options Life insurance plays an important role in planning your future.
Whether your goal is family protection, charitable giving, wealth accumulation, retirement planning, or estate planning, life insurance can help. We specialize in developing comprehensive life insurance strategies to help investors work toward their goals.
Flexible Life Insurance Coverage Options
| Term Life | Universal Life | Variable Universal Life1 | Whole Life | |
|---|---|---|---|---|
| Overview | A low-cost life insurance policy that provides coverage for a specified period of time (e.g., 10, 20 or 30 years) and generally pays a benefit only if the insured dies during that term | A permanent life insurance plan where premium payments are flexible and death benefits are adjustable Policy performance based on the company's declared interest rate |
A permanent plan combining the standard features of universal life policy with investment choices for your premium dollars Policy performance based on the contributions and the performance of the investment choices |
Provides a guaranteed death benefit and guaranteed tax-deferred build-up of cash value with level policy premiums Policy performance directly related to the performance of the insurance company's dividends |
| Benefits |
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| Flexibility | Although not considered a lifetime plan, offers some ability to convert to a permanent policy | Flexibility to maintain your policy while increasing, decreasing or skipping premium payments based on changing needs | Flexibility to vary premium payment and contribute additional premium dollars to the contract to increase the cash value available | Ability to stop paying the premium and use the value to purchase other forms of coverage once the policy becomes self-sustaining (occurs in different years with each carrier) |
| Premiums | Fixed premiums for specified number of years; increased upon renewal Non-renewable after age 75 |
Average cost usually lower than whole life at similar coverage amounts Flexible premiums |
Premiums on basic policy comparable to universal life Flexible premiums |
Level premiums initially higher than with term and universal life policies of similar coverage amounts Premiums not flexible |
- Overview
- A low-cost life insurance policy that provides coverage for a specified period of time (e.g., 10, 20 or 30 years) and generally pays a benefit only if the insured dies during that term
- Benefits
- Highest death benefit at lowest cost
- No surrender charges
- Often makes sense when there is a need for coverage that will disappear at a specific point in time, e.g., a mortgage
- Flexibility
- Although not considered a lifetime plan, offers some ability to convert to a permanent policy
- Premiums
Fixed premiums for specified number of years; increased upon renewal
Non-renewable after age 75
- Overview
A permanent life insurance plan where premium payments are flexible and death benefits are adjustable
Policy performance based on the company's declared interest rate
- Benefits
- Low cost
- Lifetime protection
- Flexible premiums
- Death benefit guarantees available
- Income tax-free death benefit to family
- Withdrawals or tax-free loans available
- Flexibility
- Flexibility to maintain your policy while increasing, decreasing or skipping premium payments based on changing needs
- Premiums
Average cost usually lower than whole life at similar coverage amounts
Flexible premiums
- Overview
A permanent plan combining the standard features of universal life policy with investment choices for your premium dollars
Policy performance based on the contributions and the performance of the investment choices
- Benefits
- Lifetime protection
- Flexibility to change premiums
- Income tax-free death benefit to family
- Withdrawals or tax-free loans available*
- Policies typically overfunded to accumulate cash value for later withdrawals
- Flexibility
- Flexibility to vary premium payment and contribute additional premium dollars to the contract to increase the cash value available
- Premiums
Premiums on basic policy comparable to universal life
Flexible premiums
- Overview
Provides a guaranteed death benefit and guaranteed tax-deferred build-up of cash value with level policy premiums
Policy performance directly related to the performance of the insurance company's dividends
- Benefits
- Lifetime protection
- Withdrawals or tax-free loans available
- Income tax-free death benefit to family
- Death benefit and cash value guarantees available
- Flexibility
- Ability to stop paying the premium and use the value to purchase other forms of coverage once the policy becomes self-sustaining (occurs in different years with each carrier)
- Premiums
Level premiums initially higher than with term and universal life policies of similar coverage amounts
Premiums not flexible