There are two primary categories of life insurance:

Term Insurance pays only when death occurs during the term of the policy, which is typically from one to 30 years.  Within term life insurance policies there is:

  • Level term - the death benefit stays the same throughout the duration of the policy.

  • Decreasing term - the death benefit drops, usually in one-year increments, over the course of the policy’s term.


Whole life or permanent insurance pays a death benefit whenever you die—even if you live to 100! There are three major types of whole life and variations within each type.  Give us a call to discuss the options.

Many financial experts consider life insurance to be the cornerstone of sound financial planning. It can be an important tool in the following situations:

  1. Replace income for dependents

  2. Pay final expenses

  3. Create an inheritance for your heirs

  4. Pay federal “death” taxes and state “death” taxes

  5. Make significant charitable contributions

  6. Create a source of savings

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