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Frequently Asked Questions

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What is Term Life Insurance?

Term life insurance is a type of life insurance that provides coverage for a specific period of time, typically between one and 30 years. It is designed to provide financial protection for your loved ones in the event of your death during the term of the policy.

What is Whole Life Insurance?

Whole life insurance is a type of life insurance policy that provides lifetime coverage and also has a savings component known as "cash value."One of the benefits of whole life insurance is that it provides permanent coverage, which means your beneficiaries are guaranteed to receive a death benefit as long as you continue to pay the premiums. Additionally, the cash value component can be used for a variety of purposes, such as supplementing retirement income or paying for unexpected expenses.

What is a Fixed Index Annuity?

A Fixed Index Annuity is a type of annuity contract that provides investors with the opportunity to earn a return based on the performance of a market index, such as the S&P 500. It is called "fixed" because it provides a guaranteed minimum interest rate and "indexed" because the return is linked to the performance of an index. Unlike variable annuities, which are directly invested in the market and can be subject to significant fluctuations in value, fixed index annuities offer a measure of downside protection. That means even if the index performs poorly, the investor's principal is protected from loss.