Life insurance needs vary depending on your personal situation. For those with families depending on your income for support, life insurance is necessary to help the family if anything should happen to you. There are several types of life insurance policies available. Several factors are to be considered when deciding on the type of life insurance needed.
In partnership with Advisor’s Unlimited, AM Insurance offers life insurance for those who want and need it.
The main policies available are:
Term Life Insurance
the simplest and cheapest form of life insurance. It provides coverage for a fixed period time (5, 10 or 20 years). Temporary coverage with no cash value.
Whole Life Insurance
designed to provide coverage until your death. Permanent coverage with cash value.
Universal Life Insurance
like Whole life insurance that provides permanent coverage but with flexibility and less emphasis on cash value.