Life Insurance

Life Insurance is divided into two broad categories

1.  Term

2.  Permanent


1.  Term Life Insurance


   Initial Lower Cost:  Premiums can be lower during the early years of coverage.


   The Need for life insurance isn't permanent:  Term life insurance lasts for a limited, pre-determined number of years.  Term life insurance has been commonly call "Time Insurance" because it provides for specific, short-term needs.


   It Can be Convertible:  You may have the option to switch to permanent life insurance coverage without have to show evidence of good health.



2.  Permanent Life Insurance


   Level premiums:  Premium payments can remain the same; in later years, premiums can be lower than term.


   The need for life insurance is permanent:  Properly funded, coverage can last a lifetime.


   To provide an accessible source of tax free funds:  Permanent life insurance accumulates cash value that can be used for retirement, college education, or emergencies. 


   Tax advantages:  Properly funded and structured, a permanent life insurance policy can provide a tax-free income stream and tax-deferred wealth accumulation.

life insurance in Little Rock

Fax: 501-377-9880

Phone: 501-259-5535