Life Insurance Options
Term Coverage
* Temporary coverage- 10.15.20.25.30 years
* Lower premiums than most permanent plans
* No cash value built in policy
Permanent Coverage
* Coverage last until death of insured
* Policy builds cash value
* Premiums generally higher than term coverage
Guarantee Issued
* Coverage granted regardless of health issues
* Death benefit are generally maxed at $50,000
* Most plans have grace periods of 24 to 36 months