Life Insurance

Life Insurance Plan Options

Learn about the most popular Life Insurance policy options available and how to choose the right one for your current circumstance.

Term Life

Affordable coverage for a set period of time, ideal for temporary protection during any high risk timespan in your life.

Permanent coverage with cash value growth, providing lifelong financial security for your loved ones.

Whole Life

Index Universal Life

Secure coverage for life, build available cash value you can borrow against & build long -term tax-free retirement income

Our projects

Provide a short summary of your recent projects, highlighting the most important things.

Term Life

This project aims to develop a user-friendly mobile application that enhances productivity and organization. Through intuitive design and seamless functionality, users can efficiently manage tasks, set reminders, and collaborate with team members.

Permanent Life (Whole Life)

This project aims to develop a user-friendly mobile application that enhances productivity and organization. Through intuitive design and seamless functionality, users can efficiently manage tasks, set reminders, and collaborate with team members.

Index Universal Life (IUL)

This project aims to develop a user-friendly mobile application that enhances productivity and organization. Through intuitive design and seamless functionality, users can efficiently manage tasks, set reminders, and collaborate with team members.

Frequently Asked Questions

What is life insurance?

Life insurance provides financial protection for your loved ones after you’re gone.

Why do I need coverage?

It offers peace of mind by ensuring your family’s financial security during difficult times.

How easy is it to get insured?

Getting coverage is straightforward and quick, often with simple applications and fast approvals.

When should I buy a policy?

Right after major life events like marriage, starting a family, or buying a home.

What are the main types of life insurance?

Life insurance comes in two primary forms: term life insurance and permanent life insurance also known as "whole life".

• Term life insurance offers protection for a set period—such as 10, 20, or 30 years. It typically features lower, fixed premiums compared to permanent life insurance, but it does not build cash value.

• Permanent life insurance —such as 'whole life'— is built to last for your entire lifetime. While premiums are higher than term insurance, these policies include a cash value component that grows tax-deferred and can be accessed while you’re still living.

Do I need life insurance?

Life insurance is important for anyone who has loved ones relying on their income—such as a spouse, children, or family members who would struggle financially if they were gone. Even individuals without dependents may benefit from a policy to cover personal debts, final expenses, and burial costs, ensuring no financial burden is left behind.

When is the best time to buy life insurance?

The ideal time to buy life insurance is when you're younger and in good health. Doing so allows you to secure lower premiums and lock in more affordable rates for the long term.

How much coverage do I need?

The right amount of life insurance depends on your personal finances and the lifestyle you want to support for your loved ones. While many people use a general rule of 7–10 times their annual income, a more accurate approach is to factor in key expenses—such as your mortgage balance, future education costs, debts, and everyday living needs. Tools and guidance from the NAIC can also help you calculate the coverage that truly fits your situation.

Who can I name as a beneficiary?

When you purchase a life insurance policy on yourself, you’re free to choose virtually anyone as your beneficiary—whether it’s a family member, business partner, or even a charitable organization. You can also name multiple primary and contingent beneficiaries, assigning percentage shares that add up to 100% for each group.

Do all policies require a medical exam?

No, a medical exam isn’t always required. Many “simplified issue” or “instant approval” policies are available, though they often come with higher premiums or lower coverage amounts.

Are life insurance proceeds taxable?

In most cases, life insurance benefits paid to a beneficiary after the insured’s death are not treated as taxable income. However, any interest earned on those proceeds may be subject to taxes. For personalized advice, it’s best to consult a qualified tax professional.

What is a policy loan? Can I borrow money from my insurance policy?

Permanent life insurance policies often highlight the ability to take policy loans as a key benefit. While these loans can be useful, it’s important to fully understand how they work.

Unlike traditional loans, policy loans don’t require a set repayment schedule. However, it’s still wise to make regular payments on the loan in addition to your policy’s premium.

Getting life insurance was simpler than I expected and now I feel truly secure.

J. Lee

★★★★★

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