Of course, the future of your family matters, and you want that peace of mind in knowing that if something happens to you, they will be taken care of.
Term Life Insurance
“Term” is a life insurance policy that provides coverage for a decided amount of time. Benefits are gained if the policy owner passes away in a predetermined time frame, typically 10,20 or 30 years.
RETURN-OF-PREMIUM TERM LIFE INSURANCE
Return of Premium Policies Term insurance policy that will return your ENTIRE premium if you outlive the term period of your life insurance, typically 10,20 or 30 years.
INDEXED UNIVERSAL LIFE INSURANCE
Indexed Universal Life Insurance is a form of permanent life insurance. It’s an insurance policy where the benefit is assured to be paid upon your death (assuming the policy is kept current). Also, unlike Term insurance, the policy can accrue a cash value within specified “indexes” (such as the S&P 500 or Nasdaq 100).
This is a special class of annuities that offer returns on your contributions based on a specific equity-based “index,” such as the S&P 500. With an Indexed Annuity there is a guaranteed minimum return, so even if the stock index does poorly, the holder will not lose any part of his investment. Conversely, the yields will be somewhat lower due to caps and fee-related deductions.