Life Insurance

---

Term life provides coverage for a set period, such as 10, 20, or 30 years, and pays a death benefit if the insured passes away during that term. It’s generally the most affordable option and ideal for temporary needs like income replacement or mortgage protection. Once the term ends, coverage can expire or be converted depending on the policy.

Universal life is a permanent life insurance policy that combines a death benefit with a cash value component. It offers flexibility in premiums and death benefits, allowing you to adjust coverage as your needs change over time. Cash value grows tax-deferred and can be accessed for emergencies, retirement, or other financial goals.

Whole life is permanent coverage designed to cover end-of-life costs like funeral expenses and small debts. It features fixed premiums, a guaranteed death benefit, and simple underwriting, often requiring only a health questionnaire. It’s a straightforward, reliable way to protect loved ones from unexpected expenses. 

This is the traditional life insurance process that requires a detailed health questionnaire and usually a medical exam. Rates are based on your health, lifestyle, and medical history, so healthier individuals often qualify for lower premiums. Approval can take several weeks but offers the most competitive pricing.

Simplified issue policies don’t require a medical exam, only a health questionnaire. They offer faster approval—often within days—but premiums may be slightly higher since the insurer takes on more risk. This is a good option for those who want coverage quickly or have minor health concerns.

Guaranteed issue policies require no health questions or exams, making them available to anyone who meets basic age requirements. Premiums are higher and coverage limits are usually lower, but approval is nearly guaranteed. This option is ideal for individuals with serious health issues.