WHAT IS THE BEST POLICY FOR MY NEEDS?

Term life is protection for a specific period—the “term.” If you pass away during that time, your beneficiary receives a tax-free death benefit. If you outlive the term, the policy ends (unless you chose a return-of-premium option or convert it)

Common terms: 10, 15, 20, 25, 30 years
Best for: Income replacement, mortgage protection, raising kids, covering debt during high-expense years

Why Families Choose It:

• Budget-friendly: Biggest payout for the lowest premium.
   
• Straightforward: No complexity—you’re protecting income and obligations.
   
• Flexible: Choose a term that matches your goals (e.g., years left on the mortgage or until the kids are grown).
   
• Customizable: Add riders (living benefits, child rider, waiver of premium, etc.).

Whole life is permanent life insurance. There’s no “end date.” When you pass away—whether that’s next year or age 97—your beneficiaries receive a tax-free death benefit. Meanwhile, your policy builds cash value at a guaranteed rate, with the potential for dividends (on participating policies). 

Why Families Choose it:

• Lifetime coverage: Protects you for your entire life.
   
• Fixed premiums: Your price remains the same regardless of age.
   
• Cash value growth: Builds equity you can borrow against.
   
• Predictability: Guarantees built into the contract.
   
• Estate/legacy planning: Help cover final expenses, debts, or leave a gift

Mortgage protection is typically term life insurance sized to your loan amount and years remaining. If you die during the term, your beneficiary receives money to pay off the mortgage or cover years of payments. Many plans also offer living benefits for covered critical, chronic, or terminal illness. 

Why Families Choose It:

• Home stays home: Funds to pay off or keep up with payments
   
• Budget-friendly: Usually lower cost than other permanent options
   
• Simple & fast: Many no-exam options
   
• Customizable: Add riders like living benefits or disability protection

Pays a tax-free benefit sized to cover X years of payments (commonly 2–5 years). Your family can stay put, keep routines stable, and decide later whether to sell, refinance, or keep the home.

Why Families Choose It:

• Lower monthly premium than a full payoff
   
• Flexibility: time to grieve and plan without rushing
   
• Practical: covers the mortgage + room for taxes/insurance/utilities if desired

Disability income (DI) pays a monthly benefit when you can’t work due to a covered illness or injury. Think of it as insurance for your paycheck. Critical Illness policies provide a lump sum in the event of a critical illness diagnosis. 

Why Families Choose It:

• Protect the essentials: mortgage/rent, utilities, food, car, insurance.
   
• Most claims are illness-related, not just accidents.
   
• Stability: keeps long-term goals on track during recovery.

Turn savings into guaranteed income.
Annuities are insurance contracts that can protect your principal, grow tax-deferred, and convert into income you can’t outlive—so your retirement isn’t riding the stock market roller coaster.

Best for: conservative savers and near-retirees who want stability and lifetime income options.

For individuals who are paying their bills on time and contribute to a savings or retirement account, Debt Free Life is a modern way to pay off your debt using the cash value of a specialized whole life insurance policy.