This is the simplest form of life insurance. You purchase life insurance for a specific price, and for a specified period of time, usually 10-30 years. If you die during that time, your beneficiary receives the purchased death benefit. It is the least expensive of all life insurance.
Just like term insurance, you purchase a plan for a specific price, for a specific period, but in the end you get all of your money back, if you don’t die, TAX FREE! But if you die your beneficiary would receive the death benefit.
Universal life insurance can help meet the needs of people who desire long-term death benefit protection with a flexible premium structure. It is less expensive than Whole Life yet more expnsive than term insurance.
Protection you can guarantee for your lifetime or any period you choose. Choices in how and when you make your premium payments and how much to pay Two or three death benefit options for additional flexibility Potential for non-guaranteed tax-deferred cash value accumulation Please keep in mind that these products, and all of their features, benefits and riders, may not be available for sale in your state. Please contact us for more information about these and other products.
Whole life insurance is a life insurance policy that remains in force for the insured’s whole life and requires (in most cases) premiums to be paid every year into the policy. It has a death benefit and cash value that you can use.The policy’s death benefit can be used for:
Survivor (Beneficiary) needs
The cash value that accumulates in whole life policies can also be used during your lifetime through a policy loan and used for: Retirement income
College tuition expenses
A down payment on a home
Emergency and other needs We are here to serve you in Simsbury, CT, all of Connecticut and nationwide.