TERM LIFE

Temporary Life (Term) is an insurance policy that has a specified end date, like 20 years from the start date. The death benefit will only be paid out if the insured dies during this time period.

• Lower Premiums.

• No cash value.*

• Conversion available from some carriers: Endowment, Permanent.

*Some carriers offer an optional return of premiums add-on to the policy.

WHOLE LIFE

Permanent Life (Whole Life) is an insurance policy that  last for the entire life of the insured as long as the premiums are paid.

• Higher Premiums.

• Grows cash value.

• Living benefits.

• You can borrow or withdraw money from your policy cash value.

• Various riders could be added-on to the policy.

As a type of permanent life insurance, indexed universal life insurance cash value allows for growth based on a stock index (a set grouping of various stocks) instead of only through non-equity earned rates.

• Higher Premiums.

• Grows cash value.

• Living benefits.

• You can borrow or withdraw money from your policy cash value.

• Various riders could be added-on to the policy.

INDEXED UNIVERSAL LIFE

Most Final Expense policies are also considered a whole life product. Designed for consumers with certain age and/or health conditions.

Click to learn more about Life Expense & Funeral Concierge...

Contracted life insurance companies

Ameritas

Mutual of Omaha

Savings Bank Life Insurance*

Aetna Senior Supplemental

Guarantee Trust Life*

National Life Group

Kansas City Life

Citizens Inc

*SBLI & GTL Final Expense policy includes Funeral Concierge Services

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