Single and in your 20s - Life insurance can help pay off student loans, car payments, credit cards or other debts.
Married with young children - Life insurance can help your spouse maintain your home, current lifestyle and provide for your children’s support.
Whole life insurance provides guaranteed protection for your entire life and fixed cash value growth, making it less risky than other forms of permanent protection.
You pay the same premium amount for the duration of a whole life insurance policy. Your premium payments will never increase, so you always know what to expect.
INDEX UNIVERSAL LIFE
Indexed universal life insurance offers cash value growth that is tied to the movement of an underlying index but does not participate in the market.
Minimum and maximum crediting rates act as guardrails, which make indexed universal life less risky than variable universal life insurance, while potentially producing greater returns than fixed universal life insurance.