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Term and Level Term Life Insurance
With term insurance, you pay an annual premium (which may be paid in installments during
the year) for a certain amount of life insurance coverage. There are no cash values or loan privileges. Term insurance rates depend on your age, your health, use or non-use of tobacco and other conditions. The
amount you can purchase varies, often starting at minimums of $25,000 or $50,000. Many policies can be converted to permanent and variable life plans. Our level term policies guarantee the annual premium for
certain age brackets or for periods ranging from 5 to 30 years. Because of the design of our products and the variety of them, we are able to offer rates that are competitive and tailored to your situation.
Get a quote on Term Life Insurance
Universal Life Insurance
No matter your role in life-spouse, parent, business person-people count on you every day, especially
during your prime responsibility years. Your spouse counts on your contribution to living expenses such as the mortgage or utility bills, your children for everything from soccer spikes to college tuition,
and your business associates for your expertise and effort. That's why it's important to make plans for the unexpected. Sometimes the best choice is permanent life insurance. Universal life insurance
can be guaranteed to be there. Universal life insurance is permanent insurance that can provide lifelong protection. As long as your pay the necessary premiums, the death benefit will be there.
**Other advantages:
- Flexible premiums-You can choose from a broad range of premium levels and adjust payments to correspond with your changing financial circumstances. Growing cash values-Your policy
accumulates cash value on a tax deferred basis at a competitive current interest rate.
- Favorable tax benefits-No income tax is payable on life insurance death benefits paid to beneficiaries.
Convenient loan and withdrawal features-You can draw on a cash surrender value of your policy when the need arises.
- Liquidity-You can cancel or "surrender" the policy-in total or in part-and receive any cash surrender
value as a lump sum of money. Total or partial surrenders may be subject to an early surrender charge and tax on any gain received.
Variable Universal Life Insurance
A variable universal life insurance policy is a life insurance product with the option to invest policy values in subaccounts. This type of policy is called "variable" because the values vary, depending on
the performance of the subaccount investments. The investment components consist of subaccounts that invest in investment funds managed by some of the leading money management
companies, plus a fixed account with principal and interest guaranteed by the issuing insurance company. The policy pays your beneficiary a death benefit that can be used in many ways, whether it
be to protect your family after you are gone or to protect your business with key-person insurance or as part of a buy-sell agreement. The death benefit is income tax free. You can use the cash surrender
value of this policy for college funding, or to provide supplemental retirement benefits-or for almost any long-term personal or business financial need. Total or partial surrenders may be subject to an
early surrender charge and tax on any gain received.
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