Estate Preservation

Universal Life Insurance

This type of coverage is like whole life insurance, but allows greater flexibility in that you can adjust premiums and the death benefit. Premiums will be adjusted accordingly.

This type of life insurance is more complex than whole life, and the cash value accrual is based on the insurer’s investment strategy.

These policies are a good choice if you want coverage for life without premiums for life. Use: Pension maximization and Tax advantaged retirement income  Read More >>

Whole Life Insurance

This life insurance policy covers an entire lifetime, and will provide the benefits to beneficiaries at death no matter when it occurs.

Generally, these policies have higher premiums, which can be paid over the course of a lifetime, or during set terms. They pay out annual dividends which can be a great benefit, but they are more expensive than other options, and therefore not ideal for everyone

Use: The savings component accumulates cash, which is one key element plus it may have important tax advantages  Read More >>

Term Life Insurance

This type of policy is not permanent, but rather covers a specific term ranging from 5 to 30 years.

These are ideal if you’re looking for an affordable and easy-to-understand alternative.

Use: Pays off mortgages or business partners due to premature death.  
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