Term Life Insurance

Define: Temporary coverage for a set period (10, 20, or 30 years).

What it does: Provides your family with a large death benefit at an affordable cost during your working years.

Key Details:

1: Lowest monthly cost for the most coverage

2: No cash value (pure protection)

3: Often used for mortgage protction, income replacement, and family security.

4:Easy to understand and qualify for

(especially for younger and healthier applicants.)

Whole Life Insurance

Define: Permanent life insurance coverage that last your entire life, as long as premiums are paid.

What it does: Provides a guaranteed death benefit plus builds cash value over time that you can borrow from or use in emergencies.

Key details:

1: Lifetime coverage with fixed premiums

2: Builds guaranteed cash value that grows tax-deferred

3: Can be used for estate planning, legacy giving, or final expenses

4: While it cost more than term, it provides permanent protection and value you can use while living

Age Range: [0 - 85]

Final Expense Insurance

Define: A permanent life insurance policy designing to cover end-of-life cost, such as funeral, burial, and medical expenses.

What is does: Helps your loved ones avoid financial burden by providing a small, affordable death benefit that pays out quickly.

Key Details:

1: Smaller coverage amounts (typically $5,000 to $50,000)

2: Easier to qualify for - often available with medical exam

3: Meant to cover funeral, medical bills, or unpaid debts

4: Lower monthly cost than whole life, with permanent coverage

Age Range: [45 - 85]

Monster Life Agency

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