Level Term insurance is a level premium life insurance that covers you at a specified premium for a specified period of time. Due to its relatively inexpensive premium it is the most common form of life insurance purchased. It is also the most affordable life insurance available. Level Term insurance is generally purchased for periods of 5, 10, 15, 20, 25, or 30 years.

There are also return of premium term insurance policies that will refund all of the premiums at the end of the term period. These policies usually cost a little more, but depending on your situation, they may be a very sensible option for you.

Universal Life insurance is permanent insurance that's main feature is flexibility. You can change your premium and death benefit at any time, although an increase in death benefit usually requires you to prove you are still in good health. It may have the flexibility to accumulate cash and some people refer to it as term insurance and invest the difference all in one policy. With lifetime guaranteed death benefits available from many companies, universal life insurance can and may be the least expensive way to guarantee a death benefit that is payable to your age 100 and beyond, all with guaranteed premiums that can be structured to continue for just a few years or to age 100 based on your desires and needs. There are many forms of Universal Life Insurance and it is best to work with one of our seasoned professional agents to determine what or which policy would best serve your needs.