Term life insurance is a type of life insurance that provides coverage for a specific period, ranging up to 30 years! It’s often more affordable than permanent life insurance and is designed to provide financial protection during critical years, such as while raising a family or paying off a mortgage. Once the term expires, the coverage ends, and the policy must be renewed or converted to a permanent policy!

Whole life insurance is a type of permanent life insurance that provides coverage for the insured's entire lifetime, as long as premiums are paid! It combines a death benefit with a cash value component that grows over time at a guaranteed rate. This cash value can be borrowed against or withdrawn, providing financial flexibility. Whole life insurance offers stability and lifelong protection, making it a popular choice for those looking to secure their family's future while also building savings!

Index universal life insurance (IUL) is a type of permanent life insurance that combines a death benefit with a cash value component linked to a stock market index, like the S&P 500. This means the cash value grows tax free based on the performance of the index, so you grow with the stock market but with a floor to protect against losses! IULs offer flexibility in premium payments and death benefit amounts, making them an extremely powerful tool for those seeking both life insurance protection and tax free investment growth!

Final expense life insurance is a type of whole life insurance specifically designed to cover end-of-life costs, such as funeral expenses, medical bills, and other final expenses. It typically offers smaller death benefits, ranging from $5,000 to $50,000, making it more affordable and accessible. This policy ensures that your loved ones won’t face financial burdens after your passing, providing peace of mind and a straightforward way to plan for future expenses!