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Life Insurance 101

Term Life Insurance

Term life insurance provides a death benefit for a certain amount of time.   Pricing can be lower however there is no guarantee of coverage once the agreed upon term has expired.  Premium will increase at the end of the term.

Whole Life Insurance

Whole life insurance provides a level guaranteed death benefit for the duration of your life.  Premiums will never increase and benefit will never decrease.  These policies also accumulate cash value which needs to be reviewed annually.  Depending on the amount requested, there will be minimal health questions and generally can be approved immediately.

Guaranteed Issue Whole Life Insurance

If you have a health condition that keeps you from being approved for a traditional policy, we carry a variety of guaranteed issue policies that have ZERO health questions. Premiums will never increase and after the initial waiting period, the benefit will never decrease.  

Hybrid Life Insurance

Hybrid life insurance policies can combine permanent life insurance with a long term care rider.  These policies are perfect for someone who is concerned with long term care costs however they don't want the traditional "use it or lose it" long term care policy.  

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