Life Insurance
Term Life Insurance
Term life insurance policies only provide coverage during a certain time limit. After that term, they need to be renewed. The premiums are lower than whole life insurance but get more expensive the older you get.
FDI Investment can advise what the best choice is for you based upon where you are in life.
Call Office: 817-380-8877 | Cellphone: 786-285-4779
IUL (INDEXED UNIVERSAL LIFE)
Indexed universal life insurance is a type of permanent life insurance, which means it has a cash value component in addition to a death benefit. The money in your cash value account can earn interest based on a stock market index chosen by your insurer, such as the S&P 500 or the Nasdaq Composite for example (could be any other Index in the market).
WHAT ARE THE BENEFITS OF UNIVERSAL LIFE INSURANCE?
Beyond lifelong protection, there are a few additional features of universal life insurance:
- You can withdraw money or borrow against the policy’s cash value.
- Your cash value earns interest.
- You have flexibility with premiums.
- You can adjust the death benefit.
- You have tax benefits in loans and withdraws.
- (Taxable benefits / tax deferred and also tax free)
WHAT IS THE DIFFERENCE BETWEEN UNIVERSAL LIFE INSURANCE AND WHOLE LIFE INSURANCE?
With a universal life insurance policy, you may be able to adjust your premiums and death benefit over time to suit your needs. With a whole life insurance policy, the premiums and death benefit are fixed for the duration of the policy.