Life Insurance Policies

Family Benefit Life offers a wide array of life insurance policies.  These policies range from the often purchased Term Policies to our more sophisticated Whole Life products. We even have specialized policies for our clients.  Each one of them is designed with the maintenance and growth of our clients in mind.

Term Life Insurance:  This is the most widely owned type of life insurance policy.  It provides coverage for something specific (College Expenses, Debt, Survivor Needs, Business Succession Plans) for a specific period of time.  The premiums on Term Life insurance are typically lower and allow for a higher amount of coverage or face amount to meet the needs mentioned above.  The minimum issue age for most term policies is 15.

Whole Life Insurance:  This type of policy is also known as permanent insurance.  Why Permanent or Whole? This type of policy is used for your whole life or when the protection needs are longer term in contrast to the more limited time frame of Term Life insurance. The other contributing factor to the popularity of Whole Life insurance is that it accumulates a cash value that increases as time goes by and the premium payment schedule is fulfilled. There are many different structures to these types of life insurance contracts that allow it to be flexible and adjustable to your current and future needs.