TERM | WHOLE | LONG TERM CARE
TERM Life Insurance: Provides protection for a specified period of time. This period could be as short as one year or provide coverage for a specific number of years such as 5, 10,15, 20 years or to a specified age such as 85. Monthly premiums are generally less expensive for TERM Insurance.
Whole or Permanent Life Insurance: Is designed to provide coverage for your entire lifetime. This type of policy, which is sometimes called “cash value life insurance”, generates a savings element; which means it builds cash value over time.
Long Term Care Insurance (LTC): Provides nursing-home care, home-health care, personal or adult day care for individuals above the age of 65 or with a chronic or disabling condition that needs constant supervision. LTC insurance offers more flexibility and options than many public assistance programs. This coverage is MOST AFFORDABLE when purchased PRIOR TO AGE 55.
