What types of life insurance are available?

Life insurance is a type of insurance that is available to people in Oregon. There are a variety of life insurance policies available to Oregonians, including whole life, term life, variable life, and universal life. Whole life offers a guaranteed death benefit and cash value accumulation. Whole life is also often referred to as permanent life insurance because it remains in effect until the policyholder dies. Term life insurance is the simplest form of life insurance available in Oregon, and it provides protection for a specified period of time, such as 10, 20, or 30 years. Term life insurance does not build any cash value, but it is typically the most affordable option. Variable life insurance offers a death benefit along with the potential to build cash value. The cash value can be used to pay premiums or to supplement retirement income. Universal life is a form of life insurance that combines permanent life insurance protection with the potential for cash value growth. Universal life policies allow the insured to adjust the death benefit and premium to meet changing needs. All of these life insurance policies are available to Oregonians and can provide valuable protection to provide for your family in the event of your death. It is important to speak with an insurance professional to determine which life insurance policy is best suited to your needs.

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What types of life insurance are available?

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