Life insurance

Life Insurance Policy Connecticut

There are four primary types of Life Insurance, each of which has a place in any sound financial plan. Choosing between these four types of Life Insurance Policies will depend on your particular financial planning needs.

  • Term Life Insurance – These policies have fixed premiums for an allotted period of time.
  • Whole Life Insurance – This permanent form of Life Insurance will provide you with a lifetime of coverage as long as you pay your premiums. These policies have fixed premiums and cash value benefits.
  • Universal Life Insurance– This permanent form of insurance provides you with the option to change your premiums and death benefits throughout the life of the policy.
  • Variable Life Insurance – This policy is similar to universal Life Insurance, but unique in that it provides you with the flexibility to choose investment risks to maximize your cash value.

Life Insurance can be used for a wide range of financial planning measures, including:

  • Paying for the education of your children
  • Helping your spouse and surviving children maintain their current lifestyles
  • Ensuring the continuation of a business after the death of a key owner or employee

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