Types of Life Insurance

There are really only two types of life insurance. Term life insurance and Premium Life Insurance. Your ProInsure Advisor can help you to determine the type of life insurance that would be best for you.

Term Life Insurance

Term Life Insurance is best suited to people who need a great deal of insurance protection for a relatively small cost. Many people buy 10 or 20 year term insurance. The cost of this coverage will increase every ten years and the contract will eventually be terminated leaving the person without life insurance coverage.

Permanent Life Insurance

Permanent Life insurance also known as Universal Life or Whole Life Insurance provides coverage at higher costs but will not expire provided the costs associated with the coverage are paid. Many permanent Life insurance policies build up a cash value as a savings portion within the policy where as term life insurance does not typically build a cash surrender value.

What's right for me?

Before we recommend any insurance product, we complete a life insurance needs analysis to determine how much and what kind of life insurance you require.  Your ProInsure advisor is a knowledgeable professional, ready to guide you through these important decisions.