Term insurance provides protection for a particular term or length of time. Term insurance is the lowest premium life insurance available which allows you to maximize your coverage at an affordable cost. There are no cash values in the policy.
Whole life allows you to meet the need to protect your family while saving for the future. The premiums remain level over the life of the policy. Dividends enhance the financial value of the policy as the increase cash value and the death benefit growth within the policy.
Annuities can provide an income for a specified time period such as a number of years or life. Your money grows tax deferred.
You may purchase a flexible of fixed deferred annuity that provides for tax deferred savings for long term goals, such as retirement.