Types of Life Insurance
Types of Life Insurance
 
• Term insurance is often considered the lowest costing 
life insurance, and if your insurance need
is only temporary, this may be true. Term insurance
premiums stay the same for only a limited number
of years (One to 30 years), however, and increases in premiums can be
substantial as you age. Term insurance generally does
not offer the opportunity to accumulate cash value. Some include Living Benefits

• Whole Life insurance offers guaranteed level premiums,
death benefit and cash value. Policy values have the 
potential to be enhanced through dividends paid by 
the insurance company.

• Fixed Universal life insurance offers a flexible
premium with an adjustable death benefit and
credits a fixed interest rate to the cash value within the policy.

• Indexed Universal life insurance offers premium
flexibility and an adjustable death benefit with the
ability to earn interest based in part on the change
in value of a major market or custom index, without
directly participating in the markets. Some include Living Benefits.

• Variable Universal life insurance offers premium
and death benefit flexibility and offers the potential
for securities market-type returns on the policy’s
cash values.
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