Enjoy the peace of mind that comes with passing on a legacy.
At Catalyst Insurance Group, we shop over 100 different companies to ensure you get the right product to meet your individual needs. From Whole Life, Universal Life and Term Life to Final Death Policies we will find the best product for you
THE THREE MOST COMMON TYPES OF LIFE INSURANCE
1. Term life insurance covers the insured for a specific period or “term”, typically 5, 10 or 20 years. Term life is the most affordable way to get the maximum amount of insurance. It does not typically build cash value, but can usually be converted at the end of the term to permanent life insurance.
Term life is ideal for covering the remainder of your working years to replace lost income and pay outstanding debts such as mortgages or children’s education.
2. Whole life insurance, as the name implies, is designed to cover you for your “whole life”. Whole life has level premiums and a level death benefit. It will also accumulate cash value that can be used to supplement retirement income. Whole life is ideal for someone looking for a simple, safe and permanent life insurance solution.
3. Universal life insurance is also designed to cover you for your entire life, but provides more flexibility in regards to premiums, death benefit and cash accumulation.
Universal life is ideal for someone that wants to maximize cash accumulation and provide an immediate death benefit for their family.