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Life Insurance

Life Insurance

Get life insurance quotes from our experts - coverage that meets your needs and fits your budget

We have partnerships with many of the nations top rated carriers. This enables us to get the best life insurance quotes for you! We understand that every individual and family has unique circumstances. Whether you are looking for a more affordable policy that covers your short or shorter term needs, or the protection of life-long cover with flexible options. Have a look at the table below before deciding which life insurance policy works for you:

 

Term Life

Whole Life

Universal Life

Definitions

Has a set duration limit on the coverage; 5, 10, 15 to 30 years of life cover.
Once the policy has expired, the owner must decide to either renew or let the coverage end.

Is a policy with level premiums that has an insurance and investment component. The insurance component pays a stated amount upon the death of the insured.

A flexible type of permanent life insurance offering the low-cost protection of term life insurance as well as a savings element which is invested to provide a cash value buildup.

Advantages

Offers the most affordable and simple coverage for a period of time.

Provides life time coverage with access to the built up cash value.

Is flexible in terms of premiums and coverage offered.

Usage

Provides protection for child raising years against loss of income, debt, mortgage and education.
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Prepares for the unexpected like a term life policy but does build a cash value over the years - you are also covered for life and does not have a term limit.
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Offers the most flexibility if you would need to draw against built up value of the policy while still providing you with life coverage. Also used for estate, special needs and business planning.

Guaranteed Death Benefit

Yes - provided that the premiums are paid as required.

Yes - guaranteed for the life of the policy provided that the premiums are paid.

Death benefits are adjustable according to policy.

Lifetime Coverage

No - only covered for the policy term specified.
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Yes - guaranteed for the insured's lifetime, provided premiums are paid as required.
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Yes - it is possible coverage will expire when either no premiums are paid following the initial minimum premium or subsequent premiums are insufficient to continue coverage.

Cash Value

Available only if Return of Premium rider is included.

Yes - the cash value growth is tax deferred.

Yes - the cash value growth is tax deferred.

Lifetime Level Premiums

Premium remains the same for the duration of the policy.

Yes - the premium is guaranteed for the life of the policy.

Premiums are flexible and adjustable.
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