Term life insurance is the simplest and least expensive form of life insurance. It does not build cash value like permanent life insurance policies do. Term life insurance has one purpose, to protect your spouse or whomever you designate as your beneficiary against the loss of income and final expenses that your death would incur [...] Read more »

The first Equity Indexed Universal Life insurance policies were introduced in 1995. (IUL) can offer permanent protection and builds cash value on a tax deferred basis. IUL offers face amount flexibility, and a choice of 3 different death benefit options; level, increasing and sum of premiums. IUL offers a choice between choosing a fixed account [...] Read more »

Universal life insurance was introduced in the early 1980’s as a cheaper alternative to whole life insurance. (UL) provides permanent protection and is more flexible than whole life. Sometimes called, “Flexible Premium Adjustable Life”, UL lets you adjust the face amount as your needs change and allows you to choose how much and when you [...] Read more »

Variable Universal Life (VUL) insurance offers permanent life insurance protection as well as flexibility in connection with the death benefit, payments and investment options. Since the cash value in VUL policies are affected by fluctuations in the stock market, this type of policy is for the more risk-oriented policy holder. Although cash value is not guaranteed, [...] Read more »

Adjustable Life (AL) insurance is cash value life insurance that is designed to adjust along with your ever changing life insurance needs. When AL was introduced in 1972, the concept was, “tell us how much death benefit you want and how much you want your payment to be and we will enter that information into the computer [...] Read more »

If you are looking for a life insurance policy that does not require a medical exam, there are some policies available that do not require blood and urine samples or medical records. Some people may not want the hassle of meeting with an examiner and some people may not be comfortable with getting stuck by [...] Read more »

  Are you currently trying to decide whether you should buy term or permanent life insurance? Choosing a life insurance policy is a very important decision and should be an informed one. The simple answer to the question is, it depends on you and your family’s individual situation. Both term and the various types of [...] Read more »