Life Insurance

Term life insurance offers a straightforward and economical solution to guarantee financial support for your loved ones in case of your passing. It provides funding for specific needs like mortgage payments and educational expenses. This type of insurance pays out the death benefit only if you pass away during the policy’s term. Typically, term policies do not include additional benefits, making them a budget-friendly option. With term insurance, you get the most substantial insurance coverage for each premium dollar you pay.

Final expense insurance falls under the category of whole life insurance, specifically designed to cover end-of-life expenses. It serves as a safety net to handle funeral costs and related expenditures.

Two main types of final expense insurance exist: guaranteed issue and simplified issue.