Four key things you should know about term life insurance.

• Provides financial protection for a specific period of time, usually ten to thirty years
• Often used when you anticipate your families need for coverage lessening in the future
• Usually costs less than whole life insurance.
• Premiums can increase once your initial coverage period ends, so be sure to plan for the end of your coverage

Permanent protection that builds cash value at a set rate as long as your premiumns are on time, your benefits are guaranteed.

• Premium payments that never change.
• Guaranteed death benefit coverage.
• Guaranteed cash value accumulation.
• Cash value grows tax deferred.
• A fixed interest rate.

Provides flexibility in your premium payments, the use of any cash value within the policy, and ultimately flexibility in the death benefit.

• Has features of both Term Life and Whole Life.
• Potential for cash value growth.
• Tax deferred growth on the cash value in your policy.
• You can access or borrow against the cash value in the future.
• Flexible death benefits and premium payments because you can use your cash value to help with premiums.