Life insurance policies now offer optional Living Benefits, that provide protection while you are living if you experience a qualifying terminal, chronic, critical illness, or critical injury.
Term Life policies may be less expensive than Permanent life policies and can be tailored to a specific amount of coverage ant length of time. People often choose a term that covers their mortgage or the years their children are dependent on them.
Permanent life policies may be more expensive than a term policy, but you’re able to structure when and how to pay the premium, which allows you to plan around your cash flow. These policies serve double duty, Protecting your family’s lifestyle and providing income potential for retirement or in the event of illness.