Term insurance is the most affordable type of insurance and it sold in terms like 10 year, 20 year, or 30 year etc. It’s great for mortgage protection or to provide the insurance you need affordably.
Depending on the type of insurance like an IUL your life insurance policy will come with a cash value portion attached. That money is growing anywhere from 4-12%, tax advantages, and you have liquidity.
It is shown that 3 out of 4 people will need some type of living benefit. In the case of terminal illness, chronic illness, or critical illness, are you covered?
Life insurance protects mortages, covers living costs and funeral costs, protects retirement, income for kids’ college, businesses, and so much more. It’s one of the most versatile tools out there!