Loan Protection Life insurance (Decreasing Term insurance) is a type of life insurance policy where the death benefit gradually decreases over time, typically in sync with a specific financial obligation like a mortgage or loan. The premiums remain constant, but the coverage amount decreases as the policy matures.
Term Life insurance is the most affordable way to secure coverage. With term insurance, you can lock in a death benefit at a fixed cost for a set length of time, usually from 10-40 years.
Simplified Issue Whole Life insurance is permanent insurance you can easily purchase without a medical exam. The policy will not expire, as long as the premiums are paid in full. Your cost and death benefit are guaranteed for the rest of your life.
Children’s Whole Life insurance is a unique product that can be purchased for children ranging in age from 14 days to 17 years old, at a fixed premium and with no medical exam required.
