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Life Insurance Options
There are a variety of options when it comes to your life insurance. Depending on your needs there are personal and business policies.
Some Personal Life Insurance Options are:
- Whole Life Insurance: provides savings accumulation in addition to death benefits.
- Term Life Insurance: provides low cost death benefits.
- Universal Life Insurance: combines term insurance with investment features.
- Survivorship Life Insurance: provides death benefits for more than one person under a single policy.
Some Business Life Insurance Options are:
- Key Person Insurance: protects the business fin the event of death of the owner or major employee.
- Succession Planning: allows a partner or owner to retire without the sale of the business.
- Executive Bonus Insurance: provides supplemented retirement income to select employees in addition to death benefits, and is a deductible expense to business.