Compare Types

One of the most important aspects of finding your life insurance policy is deciding which type you’ll use. Are you looking for a simple and straightforward plan that works like other forms of insurance or are you interested in a plan that carries a little more risk, but could have a higher return? We offer several different types of life insurance, compare them all here and see which one fits you:

Whole Life Insurance: Whole life insurance is a type of permanent life insurance which is designed to remain in effect for your entire lifetime. The premiums for whole life insurance stay the same the entire time, however the rates are usually higher than those of term life insurance. This plan can also possibly provide cash dividends.

Universal Life Insurance: Universal life insurance works as a type of fund as opposed to a conventional insurance plan. A monthly premium is still subtracted from the fund, but you can make as large or as small as a payment as you want, as long as there is enough in the fund to pay for the premium. Many people like this type of insurance because of the opportunity for it to accumulate interest.

Variable Universal Life Insurance: Variable universal life insurance is similar to universal life insurance as it uses a fund to collect money. The difference is that the money in the fund is then put toward other forms of investment, such as stocks and bonds. This creates the possibility of greater returns for the beneficiary, but it also increases the risks taken.

Term Life Insurance: Usually the least expensive type of life insurance, term life insurance is also one of the most common. True to its name, term life insurance only lasts over a specific term or period of time. Term life insurance is generally less expensive early in life and when you are in good health.