What are the type of life insurance?

1. Term Life Insurance:
   • Covers the insured for a specific period, such as 10, 20, or 30 years.
   • Typically more affordable than other types.
   • Does not build cash value; it only pays a death benefit.
2. Whole Life Insurance:
   • Provides lifelong coverage.
   • Includes a cash value component that grows over time and can be borrowed against.
   • Premiums are generally higher than term life insurance.
3. Universal Life Insurance:
   • Offers flexible premiums and death benefits.
   • Includes a cash value component that grows based on interest or market performance.
4. Variable Life Insurance:
   • Allows policyholders to invest the cash value in various investment options like stocks or mutual funds.
   • Offers the potential for higher returns but comes with higher risk.

Get a quote and apply for life insurance today!