Term life insurance, whole life insurance, universal life insurance, variable life insurance, survivorship insurance… the list and combinations seem endless. At Downey Financial Group we want to help you determine which insurance policy type is right for you. Our dedicated team of financial planners understand the appropriate market and regulations and can find an appropriate policy – or mixture of options – that fit your unique needs.
Term Life Insurance Basics:
Coverage for a “term” or period of your life.
Lower premiums for higher coverage.
Rates can change after specific terms expire.
No equity – cannot be used as cash value.
Whole Life Insurance Basics:
Exactly like it says – permanent, not for a specific period.
Protection carries with you your whole life.
Can build equity and have cash value.
Higher premiums than term life, but can be more valuable in the long run.
Term and Whole Life Combined:
Build lifelong base of whole live coverage.
Supplement specific times of your life with term insurance.
Get Your Life Insurance Solution
Contact Downey Financial Group now for more information!