What kinds of life insurance are there?

There are many kinds of life insurance, but they generally fall into two categories: term insurance and permanent insurance. 

Term Life Insurance
Term insurance is designed to meet temporary needs. It provides protection for a specific period of time (the "term") and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.

Whole Life Insurance
In contrast, permanent insurance provides lifelong protection. As long as you pay the premiums, and no loans, withdrawals or surrenders are taken, the full face amount will be paid. Because it is designed to last a lifetime, permanent life insurance accumulates cash value and is priced for you to keep over a long period of time.

It's impossible to say which type of life insurance is better because the kind of coverage that's right for you depends on your unique circumstances and financial goals. We can help you figure out the amount and type of life insurance that makes sense for your particular situation and budget. Our qualified and licensed life insurance professional are ready to assist you and guide you through this sometimes difficult process.

What Our Clients Are Saying

"Mr. Venable and his entire staff eased all my worries in a professional, yet personable way."
-- Barbara Burdick, Lafayette, LA --

Already an Insurance Advisors Client?

Self policy service any time of the day, directly from our website. To request a policy change on your account, click any of the following policy service options below. For instance, you can request the Declaration and Coverages page for your existing policy.