Your coverage could pay off your mortgage.

Life insurance is one of the most important things you’ll ever buy.With a single policy, you have the power to protect your family well beyond your lifetime.

Would you like to send your kids to college? Your life insurance policy can pay out to make that possible. Would you like to leave your spouse debt free?

Would you like to make sure your family doesn’t experience financial stress without your paycheck? Life insurance is here.

Here are the different types of life insurance policies available to you.

Whole Life

A whole life insurance policy is designed to offer you permanent coverage. In other words, it lasts the duration of your life and offers a clearly defined death benefit to your loved ones upon your passing.

What’s more, it also carries a cash value, which grows tax-deferred through the life of your policy. If you’re looking for reliable, long-term protection for your loved ones, whole life insurance is a great choice.

Universal Life

Universal life insurance is also known as flexible premium or adjustable life insurance. It’s a permanent policy that carries cash value like whole life insurance, but you can adjust it during your contract term. That means that if you need to lower your premiums, increase your death benefit, or adjust your cash value, you can!

Term Life

Do you have a certain reason you’re hoping to protect your family? Maybe you’re worried about leaving your spouse without your paycheck while your kids are still in school. Maybe you don’t want to leave your family with a mortgage.

If so, you can get term life insurance which (as the name implies) last for a certain term. If you have 15 years left on your mortgage, you can get a 15-year term policy, for example. Term life insurance is the most affordable life insurance option and is a great way to protect your loved ones’ next season of life.