Veteran Life Coverage Options
Who Benefits from Whole Life?
Whole life is a common option among retirees, pre-retirees, and anyone age 45-85 who wants reliable, guaranteed protection. People often purchase whole life insurance in order to:
Replace lost income in the event of death during prime earning years
Pay off their family's home mortgage
Provide an emergency fund for their loved ones
Pay off personal debts
Help provide for a child's education fund
Who Benefits from Term Life?
Term life is a common option for newlyweds, young parents, working people, and homeowners. People often purchase term life insurance in order to:
Replace lost income in the event of death during prime earning years
Pay off their family's home mortgage
Provide an emergency fund for their loved ones
Pay off personal debts
Help provide for a child's education fund
Who Benefits from Index Universal Life?
Universal life is popular among individuals who are just entering their prime earning years, as well as investment-savvy people who are willing to take on some additional risk. People often purchase universal life insurance to:
Get flexible protection that can be adjusted as circumstances change
Help replace lost income at death
Access tax-deferred cash value for retirement or education expenses
Develop an estate or business plan
Build and protect a legacy