FAQ

Indexed Universal Life (IUL) Insurance is a type of permanent life insurance that combines a death benefit with a cash value component that earns interest based on a stock market index's performance. Unlike direct stock investments, an IUL has a cap and floor, meaning your gains are limited to a maximum percentage, but your losses are also minimized. This offers the potential for higher returns while protecting your cash value from market downturns.

Whole Life Insurance provides lifelong coverage with a death benefit and a cash value component that grows over time. It also offers dividends, which can be used to increase the policy's value, reduce premiums, or be taken as cash. Term Life Insurance, on the other hand, offers coverage for a specific period, typically 10, 20, or 30 years, without a cash value component. Term life is usually less expensive but doesn't offer the lifelong benefits and savings features of whole life insurance.

Final Expense Insurance is a type of whole life insurance designed to cover expenses related to a person's death, such as funeral costs, medical bills, and other end-of-life expenses. It typically offers a smaller death benefit compared to other life insurance policies but is easier to qualify for and can be an affordable option for older adults or those with health issues. This insurance ensures your loved ones are not burdened with financial stress during a difficult time.

Mortgage Protection Insurance (MPI) is a type of life insurance that pays off your mortgage in the event of your death. The death benefit decreases over time, in line with your mortgage balance. This ensures your family can stay in their home without the financial burden of mortgage payments if something happens to you. While not mandatory, MPI provides peace of mind, ensuring your loved ones have financial security and can maintain their standard of living.