Term Life
Term insurance provides the least expensive form of life insurance, protecting you for the term you select, such as 10, 15, 20 or 30 years. Coverage and premiums are level for the duration of the term period. This insurance is ideal for situations where your insurance needs will end at a specific time, for example when your mortgage ends, or when your loved ones are financially self-sufficient.

Universal Life
With universal life insurance, you are “buying” insurance instead of “renting” it. Unlike term insurance, it is permanent insurance that can be adapted to suit your insurance needs at various life stages. It is a lot like buying a home. With each payment, you’re accumulating cash value that can be used as collateral for a loan, to fund a child’s college education, a vacation home, or a medical emergency. And as long as you meet the policy’s terms and conditions, you’re covered for life. You can increase or decrease the premiums you pay and use the cash value as a living benefit by withdrawing it, or borrowing it at low-to-zero net cost.

Key Person
The loss of an owner or key employee can devastate your business. An employee with unique skills may be nearly impossible to replace, leaving your business temporarily unable to meet the needs of its customers. The death of a key person can have a dramatic impact on your business in regards to loss of earnings, loss of reputation, and the high cost spent in recruiting efforts.

Key person insurance can help your company by providing the necessary funds to bridge those gaps, giving you more time to find the exact right person to keep your business moving. Key person insurance is a life insurance policy for an owner or key employee, where the company is the beneficiary. It’s ideal for protecting your business continuity.

Buy/Sell
You have worked hard to build your business. Ensure that your business can survive upon the death of an owner or partner through a buy-sell agreement funded with a life insurance policy.

A buy-sell agreement is a contract that assures the seamless transfer of ownership at an owners death. Depending on the type of buy-sell agreement, the other owner(s) or the business itself is obligated to purchase the deceased’s business interest and the deceased heirs are obligated to sell at a predetermined price.

A buy-sell agreement funded by a life insurance policy allows for a smooth transition of ownership, ensuring the survival of the business.