Term Life
Term insurance provides coverage for a specific period of time, or "term." It is a good fit for people who only need coverage for a few years. Because it is also convertible, term is ideal for those that need immediate protection, but can't afford the higher initial premiums of a permanent plan. Term life insurance policies generally do not build cash value.

Permanent Life
The phrase permanent insurance applies to several forms of life insurance that provide coverage for your entire lifetime. Policy premiums generally do not increase with the age of the insured once the policy has been purchased. Over time, permanent policies build cash values that can be used at any time as collateral for a loan.

Whole Life
We offer a wide range of whole life plans. You can choose whether to pay premiums for your entire life, for 20 years, or until you reach age 65. Regardless of which payment plan you choose, a whole life policy affords you protection for your entire life.

If protection for just one life isn’t enough, you may choose a joint whole life policy to cover two lives. A joint whole life policy can cover a husband and wife, two family members or two business associates. Upon the death of the first insured, one death benefit is paid to that insured’s beneficiary.

A joint policy has the advantage of having only one policy fee, and premiums are often less expensive than premiums for two separate.

Single Payment Whole Life
Our Estate Maximizer is a single payment whole life insurance policy that instantly increases the value of an estate by providing a guaranteed death benefit that’s larger than the single payment.

At the same time, your single payment earns interest that compounds in the contract without current income tax. Upon your death the full death benefit passes to your beneficiary income tax-free, and without the cost and delay of probate, under current tax law.

The Estate Maximizer can also cover two lives, paying the benefit at the death of the second insured.If you have money you plan to pass on to heirs and are attracted to traditional guarantees, the Estate Maximizer may be right for you.

If you would like more information about Life insurance or would like to receive a quote, contact Security Planning Insurance, we would appreciate an opportunity to earn your business.