Life insurance can offer you and your family financial security, and help provide for them once you are no longer able to. The benefits of life insurance can be used for final expenses, mortgage payments, education funds, income replacement and more. There are three types of life insurance policies:
- Term - provides benefits for a specific period of time and the premium typically stays the same throughout the policy.
- Whole - lifetime coverage that has a cash value.
- Universal - lifetime coverage with the option to change coverages or the premium throughout.