Protect Those You Love with Life Insurance

Term life insurance is usually the most inexpensive option available. Coverage is usually only for a certain amount in the event of your death, and the policy expires at a specific age. Term policies are often combined with universal/whole life policies for older clients or those with more responsibilities.

A whole life policy provides more options than term life insurance policies. It offers protection for your finances, gives you more options for estate planning, and even offers options for payouts throughout your lifetime, depending on the package. This is the kind of insurance most popular with people with families or more substantive responsibilities, like business owners.

Critical illness insurance provides either a lump sum or varied payments if the policyholder develops cancer, has a heart attack, or any other critical illness that may have a longer recovery period. Critical illness insurance is ideal for sole family income earners in a family or small business owners who won’t have this coverage on their business insurance.

Disability insurance offers very specific coverage in the event of an accident or illness that results in long-term disability for the policyholder. It is usually an add-on to your life insurance coverage, although it can also be purchased as a standalone package. Disability insurance can only be purchased in advance of any accident or illness that results in disability and cannot be bound once an incident has occurred.