Overview
Life Insurance
Life insurance pays your family when you pass away, so they can cover bills, keep the home, and move forward. Here's how each type works and how they compare.
Choose a type of coverage
- Final ExpenseA small whole life policy that pays your family directly to cover the funeral and final bills.Learn more →
- Term LifeThe lowest-cost way to get a large amount of coverage for 10, 20, or 30 years.Learn more →
- Whole LifePermanent coverage with a premium that never changes and cash value that grows on a guaranteed schedule.Learn more →
- Indexed Universal Life (IUL)Lifetime coverage with cash value that can grow with a market index, protected by a floor in down years.Learn more →
- Mortgage ProtectionLife insurance sized to your mortgage, paid to your family so they can keep the home.Learn more →
How they compare
| Type | How long it lasts | Cash value | Premiums | Often used for |
|---|---|---|---|---|
| Final Expense | Lifetime | Small, builds slowly | Fixed | Funeral and final bills |
| Term Life | 10 to 30 years | None | Fixed for the term | Replacing income while raising a family |
| Whole Life | Lifetime | Guaranteed growth | Fixed | Leaving a legacy, lifelong needs |
| IUL | Lifetime, if funded | Index-linked growth with a floor | Flexible | Lifelong coverage plus long-term savings |
| Mortgage Protection | Matches your loan | Depends on the plan | Fixed | Keeping the family home |
Details vary by insurance company and state. We'll confirm exact terms on your call.
Not sure where to start?
Most families start with one question: what would my family need to pay for if I died tomorrow? Our free guide walks you through finding that number in a few minutes.
Many families combine coverage, such as a term policy while the kids are young and the mortgage is big, plus a small final expense policy that lasts for life.
Read: How much life insurance do I need? →Ready to talk it through?
Book a free 15-minute call by phone or video. No obligation and no pressure.