Life Insurance

Life insurance is a promise:
 To take care of your family, if you die too soon
 To take care of you, if you live too long
Life insurance is the only financial contract available which is guaranteed:
 To deliver the exact amount of cash you choose
 To exactly the person you choose
 At exactly the time it is needed

Types of Life Insurance

 Term Insurance (Temporary)
 Permanent Insurance
o Whole Life (guaranteed premium, guaranteed cash value, guaranteed death benefit)
o Universal Life
 Fixed UL ( flexible premium, flexible interest rates, fixed savings account)
 Indexed UL (flexible premium, flexible interest rates, indexed savings account)
 Variable UL (flexible premium, flexible interest rates, variable investment
account)

Popular Uses of Life Insurance

 Income Replacement
 Mortgage liquidation
 College Funding
 Tax diversification
 Retirement Income
 Wealth Transfer
 Charitable Giving