You work hard to accumulate
savings and investments. We
offer affordable life insurance
products including term life,
and universal life products to
protect your family. Contact us
for a confidential personalized
review of your financial needs.
Term
Life Insurance
A Term Life Insurance policy provides coverage at a
fixed rate for a limited time
period (10, 20 and in some
States 30 years).Once the policy expires,
it is up to the policy owner to
decide whether to renew the
policy or to let the coverage
end.
If the insured dies during the
term, the death benefit will be
paid to the beneficiary.
Term insurance is the least expensive way to purchase a
substantial death benefit for a
specific period of time.
This type of insurance policy
contrasts with permanent life
insurance, in which duration
extends until the policy owner
reaches 100 years of age (i.e.
death).
Benefits of a Term Life
Insurance Policy:
Temporary insurance
protection
Provides protection for a
specific need (funeral
expenses, pay off a
mortgage, pay for your
child’s college education,
provide living expenses for
your family, etc)
Low cost
Sometimes convertible to
permanent life insurance
The death benefit is
generally tax free to the
beneficiary
Universal Life Insurance
Universal
Life Insurance policies provide
lifetime insurance protection
(does not expire) as long as the
policy remains active.Most Universal Life
Insurance policies offer a
savings or investment component
combined with a death benefit.
This component, in turn, causes
premiums to be higher than those
of a term insurance policy. The
investment may offer a fixed
interest rate or may be in the
form of money market
securities, bonds or mutual
funds. This savings portion of
the policy allows the policy
owner to build cash value within
the policy which can be borrowed
or distributed at some time in
the future.
Benefits of a Universal Life
Insurance Policy:
Permanent insurance
protection
Builds cash value
Loans are permitted against
the policy
Favorable tax treatment of
policy earnings
Level premiums
The death
benefit is generally tax
free to the beneficiary
Contact PENTECO Insurance Today
at (703) 660-909 for a
Free Life Insurance Quote
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Insurance Resources
Need to know what those
insurance terms actually mean?
Get answers to some of our most
commonly asked questions in our
Insurance Resources section.
