Life Insurance

Term Insurance is the simplest form of life insurance. It pays only if death occurs during the term of the policy, which is usually from 10, 20, 30 years. Most term policies have no other benefit provisions. You can pay a lower premium when you select a shorter term.

Life policy generally gets more expensive as you grow older.

Whole Life/ Permanent Insurance 

Pays a death benefit whener you die, the cost increases as the person ages. 

Over time, permanent insurance typically accumulates a cash that can be accessed for a variety of purposes while you’re still alive. 

Is very similar to whole life insurance, universal life is a permanent insurance that may also accumulate cash value. It offers more flexibility. It offers more control over how quickly your cash value grows. 

Final expense insurance has a death benefit designed to cover expenses such as funeral or memorial service,

embalming and a casket, or cremation. 

The beneficiaries can use the death benefit for any purpose, from paying property taxes to vacation.