TYPES OF LIFE INSURANCE
PERMANENT LIFE INSURANCE
TYPES:
Whole Life Insurance- Learn more
Universal Life Insurance- Learn more
WHAT IT IS:
Whole and universal life insurance are types of permanent insurance that can provide you guaranteed protection for life, tax-deferred cash value accumulation, and the ability to access your funds.
BENEFITS:
- Whole life offers guaranteed life insurance protection that will never expire, as long as your payments remain current. This means your insurance can last your entire life.
- Permanent life insurance allows you to build cash value, which is the portion of money you can use during your life for things like mortgage payments, education, and loans.
- Permanent life insurance can be customized to allow high flexibility, including optional features that cover care for critical or terminal illness or disability.
WHO IT'S BEST FOR:
The money you spend on this insurance may be higher up front than for term life insurance, but its value and coverage do not expire. It is ideal for those who wish to build a significant financial asset.
TERM LIFE INSURANCE
WHAT IT IS:
Think about term life as renting property compared to owning it. Term life is an economical way to provide life insurance protection, with no accumulated cash value, for a limited period of time you choose, e.g., 10, 15, 20, or 30 years.
BENEFITS:
- Affordable coverage that will expire when the time period you selected is up.
- May be converted to permanent insurance (whole life or universal life) in the future.
WHO IT'S BEST FOR:
Ideal for people who wish to provide life insurance protection for their families at a relatively reasonable price for a specific amount of time.
SPEAK WITH AN ALPINE FINANCIAL ADVISOR TODAY.
Contact us to learn more about how Alpine can help you. We will respond to all inquiries within 24 hours.