Life Insurance

An employee benefit that provides a death benefit to the insured’s beneficiaries.

Group life insurance is offered by an employer or another large-scale entity, such as an association or labor organization, to its workers or members.

Coverage for an unexpected loss in a specific period of time.

Term life insurance is the most cost effective option, and is what most people are referring to when they talk about life insurance policies. You pay a premium and in turn, the insurer guarantees to pay your beneficiary a lump sum of money if you die while the policy is in effect.

Whole life is a type of permanent life insurance.

A Whole life insurance policy provides lifelong protection and includes “cash value” which grows steadily throughout the life of the policy. The death benefit of a Whole life policy is typically paid to the beneficiaries tax-free and the cash value grows tax-deferred.

A lifetime of benefits in just one payment.

The single premium whole life insurance policy provides lifetime protection with only one premium payment. No additional payments will ever be required.