Whole life insurance protects the insured person for an entire lifetime. Term life insurance covers the insured person for a limited period of time. Universal life insurance is increasingly popular coverage that offers greater flexibility and addresses a wider range of needs.

Disability insurance is also known as wage loss or income security insurance and usually takes the form of a monthly benefit paid to an insured person who becomes disabled following an illness or injury.

 

Mortgage Insurance

Mortgage insurance covers mortgage payments, in full or in part, in the event of death or disability of the insured person. It is therefore insurance that diminishes over time as your mortgage balance drops.

 

Critical Illness

Critical illness insurance provides for a lump-sum payment, while the insured person is still alive, following diagnosis of any of the critical illnesses specified in the contract. Most commonly covered critical illnesses and surgical procedures are: heart attacks, strokes, heart surgery, life-threatening cancer, etc.

 

Charitable Gifting

Utilize the life insurance and/or annuities as a bequest to your favorite charity. Premiums are tax-deductible as a donation within prescribed limits and the portion of annuity payments payable to charities is also tax deductible.