Whole Life Insurance

Whole life insurance is a type of permanent life insurance that provides lifelong coverage and includes a savings component known as cash value. Premiums are typically fixed, and part of the premium goes toward building cash value, which grows tax-deferred over time. Policyholders can borrow against or withdraw from the cash value, offering a financial resource while still alive. Whole life insurance guarantees a death benefit to beneficiaries, providing long-term financial security.

Term Life Insurance

Term life insurance provides coverage for a specified period, typically 10, 20, or 30 years. If the policyholder dies during this term, a death benefit is paid to the beneficiaries. Term life insurance is generally more affordable than permanent life insurance and is ideal for those seeking temporary coverage to protect against financial obligations like mortgages or income replacement during peak earning years.

Accidental Death and Dismemberment (AD&D)

Accidental Death and Dismemberment (AD&D) insurance provides financial benefits in the event of death or serious injury caused by an accident. It covers accidental death as well as the loss of limbs, sight, or hearing. The benefits can help with medical expenses, funeral costs, and provide financial support to beneficiaries. AD&D is often added as a rider to life insurance policies or offered as a standalone policy, offering extra protection for unexpected incidents.