TEC Consulting offers several types of life insurance products including: term, whole life, variable life, indexed universal life. Let us help you decide which insurance policy is best for you.
Term Life Insurance:
Term Life insurance has no investment component. You’re buying life coverage that lasts for a set period of time provided you pay the monthly premium. Annual-renewable term is purchased year-by-year, although you don’t have to requalify by showing evidence of good health each year.
Whole Life Insurance:
Whole-life policies are a type of permanent insurance. Here, you’re buying a policy that pays a stated, fixed amount on your death, and part of your premium goes toward building cash value from investments made by the insurance company.
Universal Life Insurance:
Universal life is a type of permanent insurance policy that combines term insurance with a money market-type investment that pays a market rate of return.
Variable Life Insurance:
Variable life and variable universal life are permanent policies with investment choices. Returns are not guaranteed.