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Term life insurance, also known as pure life insurance, guarantees payment of a death benefit if the insured person dies during a specified term.
Simplified issue insurance is typically for people who need to obtain life insurance right away and/or those who don’t want to undergo a medical exam.
Whole life insurance guarantees financial protection and safeguards your future financial needs. This type of permanent life insurance lasts your whole life.
Guaranteed issue does not require you to answer health questions, have a medical exam, or allow an insurance company to review your medical and prescription records.
Universal life insurance provides lifetime protection while building cash value with tax advantages. It also gives you the flexibility to raise or lower premiums.
Indexed universal life insurance can help you build wealth while leaving behind a death benefit for your loved ones.
Variable life insurance is a policy with an investment component. It has a cash-value account, which is invested in a number of sub-accounts available in the policy.
Final expense insurance is intended for those age 50 or older to cover final expenses and burial costs. It’s for older adults who are ready to make end-of-life plans.