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Discover the key differences between term, whole, universal, and indexed life insurance. Learn from entrepreneur Simon Arias how to choose the best policy for your future.<br>
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TYPES OF LIFE INSURANCE EXPLAINED
TYPES OF INSURANCE Term, Whole, Universal, and More — By Simon Arias TERM LIFE INSURANCE WHOLE LIFE INSURANCE UNIVERSAL LIFE INSURANCE INDEXED UNIVERSAL LIFE (IUL) FINAL EXPENSE INSURANCE
TERM LIFE INSURANCE PROVIDES COVERAGE FOR A SET PERIOD (10, 20, OR 30 YEARS) AFFORDABLE PREMIUMS, HIGH COVERAGE NO CASH VALUE; COVERAGE ENDS AFTER TERM BEST FOR YOUNG FAMILIES OR THOSE WITH BUDGET CONSTRAINTS
WHOLE LIFE INSURANCE LIFETIME COVERAGE WITH FIXED PREMIUMS BUILDS GUARANTEED CASH VALUE OVER TIME CAN BE USED AS A FINANCIAL TOOL FOR RETIREMENT OR EMERGENCIES HIGHER COST, BUT LONG-TERM VALUE AND SECURITY
UNIVERSAL LIFE INSURANCE LIFETIME COVERAGE WITH FLEXIBLE PREMIUMS CASH VALUE EARNS INTEREST, VARIES WITH MARKET RATES CAN ADJUST COVERAGE AND PAYMENT LEVELS OVER TIME REQUIRES ACTIVE MANAGEMENT TO AVOID LAPSE
INDEXED UNIVERSAL LIFE (IUL) CASH VALUE GROWTH TIED TO A MARKET INDEX LIKE S&P 500 PROVIDES DOWNSIDE PROTECTION AND UPSIDE POTENTIAL TAX-DEFERRED GROWTH AND FLEXIBLE PREMIUM OPTIONS IDEAL FOR LONG-TERM WEALTH BUILDING AND RETIREMENT PLANNING
FINAL THOUGHTS FROM SIMON ARIAS LIFE INSURANCE PROTECTS WHAT MATTERS MOST—YOUR LOVED ONES CHOOSE A POLICY BASED ON YOUR STAGE IN LIFE AND FINANCIAL GOALS TERM FOR AFFORDABLE COVERAGE; WHOLE/IUL FOR WEALTH- BUILDING DON’T WAIT—ACT NOW TO SECURE YOUR FINANCIAL FUTURE