Life insurance is a product that is designed to reduce the financial loss in the event of a death.  Individuals and families purchase life insurance typically when they have a family (married and/or married with children) and assets (home)  and want to make sure that those they leave behind after death are able to get by financially without them.  There are many different types of life insurance:

Term Life Insurance: this type of insurance is purchased for a specified period of time (10, 15, 20, 30 years) and after it has expired it typically will cancel.  It does not accumulate cash value.  This is the least expensive type of life insurance.

Whole Life Insurance: a basic type of permanent insurance that, as long as premiums are paid, can cover the policyholder over the course of their entire life.  This product accumulates cash value similar to a savings account and can be used for wealth accumulation. 

Universal Life Insurance: this is a product that allows the policyholder the flexibility to change the amount and timing of your premium as well as the amount of the death benefit.  This type of insurance can accumulate cash value. 

Variable Life Insurance: this is a product that accumulates cash-value that allows you to choose how your premium is invested in stocks, bonds, money market mutual funds, etc….  The face value of the policy depends on how well the investments are performing.

Expert Insurance Services has licensed life insurance professionals that will educate you and assist you in purchasing the right life insurance policy.  Please click HERE to request that a licensed insurance professional contact you.