There are several types of health insurance.

  Whole Life
  Universal Life
  Variable Universal Life
 Term Life

Deciding Which Type of Life Insurance Is Appropriate for You

As you see, there are many protection options, and many questions to consider. Our financial professional can help you decide which type of life insurance is most appropriate to your needs. As you consider the alternatives, keep in mind the features favoring each type:

Factors Favoring Variable Life

Variable Universal Life is a viable option if you're willing to assume investment risk in exchange for potentially higher growth. As your personal or family's estate grows, VUL's death benefit - if properly funded - may keep pace with inflation or escalating estate settlement costs better than that of Whole Life or Universal Life. In short: If you want the lowest potential cost, or the most flexibility over the long-term - and have the necessary risk tolerance - Variable Universal Life may be the most suitable policy for you. Go to Variable Life insurance page to learn more.

Factors Favoring Universal Life

Universal Life offers minimal investment risk, while providing a lower initial premium and considerable policy flexibility compared with Whole Life. It's especially attractive in terms of cost for people whose life expectancy may be relatively short, because of advanced age or deteriorating health. It may also be a good choice if the funds you have available for insurance may vary significantly from year to year, due to cash-flow constraints. Go to Universal Life insurance page to learn more.

Factors Favoring Whole Life

Whole Life provides the greatest number of guarantees. If your overriding concern is to have life insurance that will absolutely and positively be in effect at death, and don't mind paying extra for that assurance, Whole Life may be your wisest choice. What's more, it offers peace of mind, since premiums are guaranteed to be level and cannot increase, regardless of the insurer's experience with mortality and expenses. Go to Whole Life insurance page to learn more.

Factors Favoring Term Insurance

Generally, Term Life offers the most insurance coverage for the lowest cost. If you have defined protection needs but limited cash flow, or need temporary protection for a known duration or a specific purpose, or require a substantial amount of insurance coverage but want to keep initial costs down, Term Life can be a practical option. Go to Term Life insurance page to learn more.

Click here, if you are looking for International Term Life insurance

Other factors that impact the decision as to which life insurance might be appropriate to your situation include the various requirements that all policies have in order to keep them in force. Your financial professional can provide you with complete details on the specific terms, costs, limitations and possible benefit reductions that may come into play, so you can make an informed decision.

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