5 types of Life Insurance Plans
Term Life Insurance is designed for families and individuals who want basic, affordable coverage for a specified time period. Since you can choose from 10, and 15-30 year terms, this policy allows you to plan for future goals and upcoming milestones and save you money in the long run. This plan is more flexible than other life insurance in that it allows you to choose terms from 15 to 30 years in any increment, rather than limiting you, so you buy only what you need and save money.
Quality of Life Insurance is designed for families and individuals looking for flexible coverage, simple interest credit options and an option to have living benefits. These plans are set up to protect your current quality of life and the future you hope to have. In addition to an end of life benefit for your family, this policy can be set up to cover expenses such as medical bills, retirement and other life events. This type of insurance can help protect individuals who experience a chronic illness, critical illness or terminal illness.
Universal Life is designed for families and individuals looking for flexible coverage, simple investing choices and an option to have living benefits. You have the option to change your coverage and budget overtime depending on your evolving needs.
Variable Universal Life is designed for people knowledgeable about investment funds and interested in an advanced type of life insurance. You have the option to change premiums and death benefits and your goals and needs change. This type of plan allows you to invest in your future while keeping access to living benefits.
Accident and Health is designed for people wanting to augment a high-deductible health plan or needing quick coverage available without a medical exam. In the case of a medical emergency, you will have peace of mind that the event will not cause a financial burden on your family.