Domestic US Life Insurance

There are two main types of life insurance: term and whole life. It is common to question which type of insurance is right
for you. In the end, the question that should be answered is: Which one best meets your needs?

Term Insurance: Provides coverage for a particular length
of time and pays a benefit if you die during the term period.

Why Consider Term?
• Cost-effective coverage compared to
whole life insurance
• Ideal for those who need coverage for a
specific period of time
• Supplement whole life insurance
• Can be renewed at annually increasing rates
without proving insurability
• Option to convert to whole life insurance later
• Income tax-free death benefit1

Whole Life Insurance: Provides lifetime coverage and can
provide cash value accumulation within the policy.

Why Consider Whole Life?
• Lifetime2 coverage as long as premiums are paid
• Tax-deferred growth of policy cash values
• Liquidity through policy loans3
• Can help supplement retirement income4
A stable financial asset on your balance sheet
• Income tax-free death benefit

Long-Term Considerations
Are you looking for coverage for a specific period of time or do you want lifetime2 coverage?
Studies show that many people are living longer.5 This is important to consider when selecting life insurance. If you select
term insurance, you may be at a higher risk for outliving your policy.
Are you more interested in a short-term, cost-effective option, or would you like the opportunity to build up cash value
over time?
If you select whole life insurance, cash value grows tax deferred over the life of the policy and can be accessed
through a loan to help provide an emergency fund or to supplement educational expenses or retirement income.3
Term insurance can be cost-effective, but there is no cash buildup.
Would a blend of the two make sense for you?
A blended policy can offer some of the advantages of both
types of insurance. By combining a smaller face amount
whole life policy and a term life policy that is convertible to
whole life, you can have an affordable plan that meets your
protection needs while also establishing a lifetime asset.