Life Insurance

Whole Life, Term, GUL (Whole Life – whole life insurance also known as permanent life insurance provides protection for your family and beneficiaries after you pass away. Many whole life policies offer an investment option also known as cash value which may be withdrawn for other investments, college education and any unforeseen expenses.) (Term insurance –  Term insurance is the most affordable and basic kind of insurance that protects your family. Term insurance comes in fixed lengths of time (5, 10, 15, 20, or even 30 year term). As long as you pay, you cannot be canceled. Term Life Insurance can be purchased for as little as a dollar per day.) (GUL – GUL also known as guaranteed universal life insurance is a mix between term insurance and whole life insurance.  GUL does not typically have the cash value portion which makes this policy more affordable than a whole life policy but because it typically insures the individual for a longer period than term insurance (typically up to age 100) it is more costly than term insurance.

Should you count on term insurance to serve your family in the event something happens to you? Would they be better served if you select a whole life policy, or guaranteed universal coverage? Our New York insurance experts are plugged into the NYC life insurance market, and can help you understand what different policy options might be able to do for your family. In addition to understanding the world of NYC insurance policies, we understand the needs people bring with them when they discuss something as serious as life insurance. We have experience arranging long-term plans for new families, and we can help you if you are looking for a new policy if your current term insurance is soon to expire.