Life insurance

What is life insurance?

• Covers losses and damages to an individual's residence, along with furnishings and other assets in the home.

• protect you against financial losses if you're involved in an accident or the vehicle is damaged in some way.

• A legally binding contract that pays a death benefit to the policy owner when the insured dies.

• Covers medical care or long-term care services.

How much does a 17-year-old need Life Insurance?

• Really neccessay

• Not really necessary, but good to have

why would an 30-year-old need life Insurance?

• They loved ones depend on their income for support

• Because they are about to die.

What is Term Life Insurance?

• Provides insurance permanently.

• provides coverage at a fixed rate of payments for a limited period of time.

• Is the more expensive insurance option

  that covers you for a limited time

• Is the cheaper insurance option that overs you permently.

What is Decreasing Term?

• Premiums increase annually and are usually the least expensive term insurance in the beginning.

• Allows policyholders to convert a term policy to permanent insurance.

• Provides a quote for the year the policy is purchased.

• Coverage decreasing over the life of the policy at a predetermined rate.

What is Convertible Term?

• Provides a quote for the year the policy is purchased.

• Coverage decreases over the life of the policy at a predetermined rate.

• Allows policyholders to convert a term policy to permanent insurance.

• Premiums increase annually and are usually the least expensive term insurance in the beginning.

What is Renewable Term?

• Allows policyholders to convert a term policy to permanent insurance.

• Premiums increase annually and are usually the least expensive term insurance in the beginning.

• Renews automatically every year

• Coverage decreasing over the life of the policy at a predetermined rate.

What is a Whole Life Term and its components?

• accumulates cash value and vallows the policyholder to use the cash value source of loans

• features flexible premiums

• Allows the policyholder to invest the policy’s cash value in an available separate

• Allows the policyholder earn a fixed or equity-indexed rate of return on the cash value component.

What is Universal (UL)?

• A cash value component that earns interest.

  features flexible premiums.

  The premiums can be adjusted over time

• Lets the policyholder earn a fixed or equity-indexed rate of return on the cash value component.

• Allows the policyholder to invest the policy’s cash value in an available separate account.

• Accumulates cash value.

  allows the policyholder to use the cash value as a source of loans

What is Indexed Universal (IUL)?

• Accumulates cash value.

  allows the policyholder to use the cash value as a source of loans

• A cash value component that earns interest.

  features flexible premiums.

  vThe premiums can be adjusted over time

• Allows the policyholder to invest the policy’s cash value in an available separate account.

• Lets the policyholder earn a fixed or equity-indexed rate of return on the cash value component.