Whole Life Insurance
The whole refers to your whole life. It is permanent life insurance. It has no set expirations like terms policies. A Whole Life policy sets your premium payments and death benefits for the rest of your life. The younger you are, the cheaper your premium will be. Whole Life also offers cash value. The insurance company invests some of your premiums and pays you periodic interest or dividends on those investments.
Universal Life Insurance
A Universal Life policy is a different kind of permanent life insurance. This policy sets the minimum amount of premium you must pay to keep the policy effective, but allows you to pay more, which the insurance company invests. It is more flexible than Whole Life Insurance. You can vary your monthly payment to suit your needs and situation. Universal Life allows you to take loans against your policy's cash value like Whole Life policies do. They also have Guaranteed UL that guarantees coverage for a certain number of years, 90-120 for a certain premium.
Glenn Diecedue, Sr. MSAA
P.O. Box 1751
Marrero, LA 70073
504 214-3820 Fax: 504 348-7209
I Shop, I Explain, You Decide!
Term Life Insurance
Term life insurance is basic and simple. Its only benefit is a cash payment to your loved ones in the event of your death. This is the cheapest kind of life insurance. At a young age, you can secure a large death benefit amount for low premium payments. The name (Term) means a certain length of time, 10 years for example, as the insurance policy expires after 10 years. Some companies offer a Return Of Premium (ROP) option that returns the premium paid if you outlive the chosen term. ROP Term policies have higher premiums.
If interested in a Universal Life or a Simplified Issue Whole Life quote, go to the: Contact Me page or give me a call. Simplified Issue Whole Life plans start with face amounts as low as $2,500 and there is usually no Medical Exam. I also have Guaranteed Issue Final Expense Whole Life (No Medical Questions) with Gerber Life & Kemper Life.
Get Term Life Insurance quotes and enroll with companies like: Transamerica, American General, Mutual Of Omaha, ING, North American, Prudential, MetLife, Nationwide and more. You can go to the Contact Me page or give me a call.
Simplified Issue Whole Life & Universal Life Quotes
Term Life Quotes
Serving Louisiana Residents Since 1988
Types Of Life Insurance
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