What is ……

Term Insurance – Term life provides coverage for a specified and limited period, known as the term. Premiums for most term policies tend to go up as you age or at the end of each renewal period. After the term ends, so does the policy and its coverage if it’s not renewed.

Whole Life Insurance – Whole life or ordinary life insurance is a type of permanent life insurance. It provides coverage for the life of the insured and can build cash value, which is a savings feature. Premium payments typically remain the same for the life of the insured.

Universal Life Insurance –  Universal life provides coverage for the life of the insured and also offers flexible premium payments and insurance coverage. The cost of your insurance protection and in some cases other costs are deducted from the cash or policy account value.
Indexed Universal Life Insurance – Indexed universal life falls under the universal life insurance umbrella; however, it follows a set stock index (such as the S&P 500) rather than allowing policyholders to choose their investments.

Variable Life Insurance – Variable life is a type of security that offers fixed premiums and a minimum death benefit. Unlike whole life insurance, its cash value is invested in a portfolio of securities. As the policyholder, you can choose a mix of investments from those the policy offers. However, the policy’s investment return is not guaranteed, and the cash value will fluctuate.
Variable Universal Life Insurance. This type of security combines features of universal life insurance and variable life insurance. It offers flexibility in premium payments and insurance coverage, as well as an investment account.

Fixed Annuity – With a fixed annuity, the insurance company guarantees both the rate of return (the interest rate) and the payout to the investor. The interest rate on a fixed annuity can change over time. Often the interest rate is fixed for a number of years and then changes periodically based on current rates. Payouts can be for an entire lifetime, or you can choose another time period.

Indexed Annuity – With Indexed annuities contributions are linked to the returns of one or more market indexes. Many indexed annuities also come with a guaranteed minimum payout, similar to a fixed annuity. However, in exchange for this additional protection, indexed annuities have a cap on how much your investment can earn, even if your chosen index performs well.

Variable Annuity – Variable annuities offer investors choices among a number of complex contract features and options. With variable annuities, the rate of return—and therefore the value of your investment—might go up or down depending on the performance of the stock, bond and money market funds that you choose as investment options.