Whether you die too soon or live too long, life insurance is the foundation when planning for your family’s financial security. Life insurance allows families to remain secure and allows you to keep your future promises…today, should you or your spouse die prematurely.
Everyone’s needs vary for life insurance and the below graph provides an easy to understand comparison of the types of policies available. With over 25 years of experience advising clients on their needs for life insurance, and matching the right product to their situation, we encourage you to call us for a review.
| Term Life Insurance provides: |
- · The largest, immediate death benefit for your premium dollars.
- · Death protection for a specific length of time.
- · Premiums that may be guaranteed for 5, 10, 15 or 20 years.
- · May be renewable to age 70 or 80 in New York.
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| Universal Life Insurance provides: |
- · Flexible premium payments.
- · Adjustable death benefits.
- · Cash values credited with interest at a rate determined by the insurance carrier.
- · Interest accumulates tax deferred under current tax laws.
- · Withdrawal or loan privileges.*
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Whole Life Insurance
provides: |
- · Guaranteed level premium payments.
- · Guaranteed level death benefits for as long as you live.
- · Guaranteed cash values.
- · Loan privileges.
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| Variable Whole Life Insurance provides: |
- · Flexible premium payments.
- · Adjustable death benefits.
- · Tax-deferred growth of policy’s cash value.
- · Loan privileges.
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Variable Universal Life
Insurance provides: |
- · Flexible premium payments.
- · Adjustable death benefits.
- · Investment performance of selected portfolios directly
affects the cash value of policy.
- · Investment options in stock, bonds or money market portfolios.
- · Multiple, professionally managed, investment portfolios.
- · Portfolios selected by individual policy holder.
- · Tax-deferred growth of policy’s cash value.
- · Withdrawal or loan privileges.*
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| *Withdrawals and loans may reduce the cash value and death benefit of the policy. |
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For information regarding Individual Life Insurance or other plan’s that may not be listed, email us at info@moraninsurance.com
