Why is Life Insurance so Important?
Life insurance is one of the most selfless gifts you can give to the people you would leave behind if you pass away and it is not as complicated or expensive as many people may think. So rather than view it as such, consider what it could mean to your loved ones someday if they lost you — and think of it instead as a potentially happy ending to a difficult situation.
Term Life Insurance provides coverage for a certain period of time or a specified “term” of years.
Whole Life Insurance provides a set amount of coverage for your entire life and builds “cash value”.
Universal Life is a cash value policy where excess premium payments are credited to the cash value of the policy.