Life Insurance

Life Insurance is not complicated or expensive when you work with one of our licensed sales representatives. Let's explore options to protect your loved ones.

Life insurance pays out a sum of money either on the death of the insured person or after a set period.

Term Life Insurance

Term life insurance provides a level death benefit coverage for a fixed period of time. After that period expires, the client must either forgo coverage or potentially obtain further coverage on a new policy. If the insured dies during the term, the death benefit will be paid to the beneficiaries of the policy. Term life insurance policies provide a greater coverage for a smaller premium amount, and they insure you for a specific time.

Whole Life Insurance

Whole life insurance is a permanent life insurance policy that insures you for your "whole life". In most cases, the whole life policies have a guaranteed premium. This is usually paid on an annual basis to keep the policy in effect, but paid up policies are available. The death benefit of the policy will be paid to the designated beneficiaries at the time of the insured's death. Most whole life plans are available from birth to a maximum issue age of 85. All whole life policies accrue a cash value (surrender cash value/surrender value), which is the cash amount offered to the policy owner by the issuing carrier upon cancellation of the contract.

Universal Life Insurance

A type of permanent life insurance. Under the terms of the policy, the excess of premium payments above the current cost of insurance is credited to the cash value of the policy. The cash value is credited each month with interest, and the policy is debited each month by a cost of insurance (COI) charge, as well as any other policy charges and fees which are drawn from the cash value, even if no premium payment is made that month. Interest credited to the account is determined by the insurer, but has a contractual minimum rate of 2%. When an earnings rate is pegged to a financial index such as a stock, bond or other interest rate index, the policy is a "Equity Indexed Universal Life" contract.

Variable Universal Life Insurance

Variable Universal Life Insurance is a type of life insurance that builds a cash value. In a VUL, the cash value can be invested in a wide variety of separate accounts, similar to mutual funds, and the choice of which of the available separate accounts to use is entirely up to the contract owner. The 'variable' component in the name refers to this ability to invest in separate accounts whose values vary—they vary because they are invested in stock and/or bond markets. The 'universal' component in the name refers to the flexibility the owner has in making premium payments. The premiums can vary from nothing in a given month up to maximums defined by the Internal Revenue Code for life insurance.

Contact us to learn more about the right life insurance for you.

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102 S Echols St
Caldwell, TX 77836
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