Anyone with dependents, family, and loved ones owes it to those who count on them to have a quality life insurance policy. Life insurance ensures that in the event you are unable to provide, that your loved ones will not be left destitute. But what type of life insurance best suits you and your loved ones? Here, the Jenkins-Financial Group offers expert level advice on this topic. Be sure to check it out and read on to learn more.
The best IUL insurance companies offer a range of life insurance policy types. Here are some brief descriptions of the most popular options.
Term life insurance is temporary, usually lasting between 10 and 30 years. It offers fixed death benefits and does not build value. Whole life insurance lasts for a lifetime. It does grow in value and comes with a fixed death benefit. Universal life insurance lasts for a lifetime. It does grow in value, but it also comes with a flexible death benefit. Variable life insurance also lasts for a lifetime. It grows in value, and it also comes with a flexible death benefit. Lastly, burial insurance also lasts for a lifetime. It grows in value and offers a fixed death benefit.
