Not all life insurance is the same. Here's a plain-English breakdown of the three main types — and who each one is best for.
Coverage for a specific period — usually 10, 20, or 30 years. If you pass away during the term, your family gets the payout. If the term ends and you're still alive, the policy expires.
Permanent coverage that never expires as long as you pay premiums. Builds cash value over time that you can borrow against. Premiums never go up.
Indexed Universal Life combines permanent life insurance with a cash value component that grows based on a stock market index — without the direct risk of market losses.
Everyone says “10x your income” — but that’s a starting point, not the full picture.
Enter your info below for a quick estimate. This isn’t a quote — just a helpful starting point.