Which Type of Life Insurance is a Smart Investment?

Term Life Insurance

Affordable and simple coverage for a specific term, typically 10-30 years. Provides a death benefit to beneficiaries if you pass away during the policy term.

Whole Life Insurance

Permanent life insurance with a death benefit and cash value component. Higher premiums build cash value over time, offering long-term investment potential.

Universal Life Insurance

Combines a death benefit with a savings component. Flexible premium payments and potential cash value growth. Offers insurance coverage and potential savings growth.

Indexed Universal Life Insurance

Death benefit and cash value are linked to the performance of a stock market index. Potential for higher returns with downside protection—a smart choice for potential market-linked growth.

Variable Universal Life Insurance

Offers a death benefit and investment options. Allows allocation of premiums into different investment accounts. Cash value and death benefit vary based on investment performance—potential for long-term growth.

Return of Premium (ROP) Term Life Insurance

Refunds all premiums paid if you survive the policy term. Higher premiums but offers a return of premiums if you outlive the policy. Combines insurance coverage with the potential return of funds.

Consult with a financial advisor or insurance professional to assess your financial goals and situation before making investment decisions.