How Much Coverage?One rul-of-thumb is to take your annual salary and multiply it by a factor of 8. But for a more accureate analysis, spend a few minutes with your agent and do a more thorough calculation of your needs both new and anticipated in the future. A little planning can go a long way to protect your family's lifestyle and give you better peace-of-mind.
Permanent (Universal) LifeMore expensive than term, but keeps a level premium that is guaranteed to a much older age (often to age 100). These policies accumulate a "cash value" and often pay dividends.
Cash Value or Surrender ValueIf you cancel a permanent life policy, this i the amount of money you get back in return for turning in the policy.
There are several types of life insurance policies - each with their own unique benefits. We'll take the time to understand your needs, determine the amount of life insurance you need and select a policy that will give you and your dependents peace of mind.
