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Life insurance meant to provide protection for a specific amount of time. Payment amounts stay the same throughout the policy term. Most popular tends to be 20 year term policies to provide protection for your family when the children are young and the family’s need for income replacement is highest.
A type of permanent life insurance that has the ability to use cash value in order to keep the policy in force.
A whole life, permanent insurance policy. Typically chosen to ensure coverage for a child that they can take with them as an adult. Protects child from potential issues with eligibility later on in life.
Intended to cover the costs your family may face after your death.