Protect Your Future Today
Types of Life Insurance
If budgeting is your biggest concern, term life insurance may be the best choice. If you have many dependents, whole life insurance may be a better route. However, if financial planning and cash value are most important to you, universal life insurance may be a strong option.
- Calculate how much life insurance coverage you need.
- Decide on your financial goals for your life insurance.
- Determine what type of life insurance best meets your financial needs. Find out if you need to add any "riders" to the policy.
There are many reasons to get life insurance. Here are a few.
- Death benefit for loved ones
- Mortgage protection
- Cash accumulation
- Tax-free income for life
- Real estate investing
- Critical illness
- Long term care
We can help structure the best plan for you.
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Contact us today to get a free quote. Our agents are standing by to help you find the perfect plan.
Protect your family with Omega Life Group
Term Life
Indexed Universal Life
Whole Life
During that term, you promise to pay a premium each month. In return, the company promises to pay a specific amount of money – a death benefit – if you pass away during the term. The death benefit is paid to the beneficiaries named in your policy – typically one or more members of your family.
Whole Life
Indexed Universal Life
Whole Life
Whole life insurance is the simplest form of permanent life insurance, with guarantees for the death benefit amount, premium costs, and cash value growth. Compared to universal life (another form of permanent coverage), whole life typically offers more guarantees but less payment flexibility.
Indexed Universal Life
Indexed Universal Life
Indexed Universal Life
Essentially, when you pay a premium for indexed universal life insurance, part of the funds goes to the basic functioning of the plan, and the other part goes into the saving account and earns interest based on an equity index.
An IUL can be a good way to save up money in a cash value account that, connected to a market index, may earn modest returns, but it is first and foremost a life insurance policy, not an investment vehicle.
