Texas Life Insurance

Final Expense Insurance:

Final Expense Insurance, also known as “burial” or “funeral” insurance is a life insurance policy with a low face value, typically $5,000 to $25,000, designed to help take care of the “final expenses” associated with one’s death. Many individuals are concerned with making sure that loved ones are not left shouldering the burden and costs associated with death. Final expense life insurance is purchased and issued directly from an insurance company and are typically either “term life” (which covers you for a specific time period or until a certain age, then expires) or “whole life” (which is permanent insurance and covers you for the rest of your life). Read more on…Final Expense Insurance

Term Life Insurance:

Term Life Insurance is the generally considered the original, most simple and most affordable form of life insurance. As the name implies, Term Life Insurance is designed to insure for a specific term, usually 10, 15, 20 or 30 years, and provide affordable protection at a scheduled premium level. Term Life Insurance is often considered to be the least expensive way to purchase a substantial death benefit, based on a coverage amount per premium dollar basis.  Additionally, Term Life Insurance is the most popular type of life insurance available today. Read more on…Term Life Insurance

Whole Life Insurance:

Whole Life Insurance is the simplest form of “permanent” life insurance.  Whole life insurance typically features life-long protection with level premiums, guaranteed death benefits and cash values. The amount of any guaranteed cash value depends upon the kind of permanent whole life insurance policy, its size and how long you have owned it. Generally, any borrowed amounts reduce the death benefit and cash surrender value. Read more on…Whole Life Insurance

Universal Life Insurance:

Universal Life insurance (UL), often called “Flexible Premium Adjustable Life Insurance,” is a flexible type of permanent life insurance offering both the low-cost protection of term life insurance as well as a savings element (like whole life insurance) which is invested to provide a cash value. This type of policy is flexible in the fact that the death benefit, savings element and premiums can be reviewed and altered as a policyholder’s circumstances change. In addition, unlike whole life insurance, Universal Life insurance allows the policyholder to use the funds from the accumulated cash value savings to help pay premiums. Read more on…Universal Life Insurance