Life Insurance & Fixed Retirement Annuities in Wichita, KS

Life Insurance

Life insurance may seem pretty self-explanatory at first, but there are actually different types of life insurance available to help you achieve your goals.

Term Life

Term life insurance is a type of life insurance policy that lasts for a certain number of years. If you pass before the end of the term, a benefit amount will be paid to your beneficiary. Term life is considered a simple type of health insurance plan that can provide a benefit for your family when you pass. Payments from a term life benefit can be paid out as either monthly payments, a lump sum, or an annuity.

Term life insurance policies are also considered to be one of the cheaper options as the monthly payments are often very affordable.

Whole Life

Another type of insurance plan is the whole life plan. This insurance product differs from term life in that it does not expire at a set date. A whole life policy can be used as both an investment into a death benefit for your family as well as an investment like a savings account that will gain cash value.

Each month part of the premium you pay will be added to the cash value. This type of policy provides you with both a death benefit in the event of your passing, as well as available cash if you need it when you need it.

Annuities For Retirement

Another type of insurance plan is the whole life plan. This insurance product differs from term life in that it does not expire at a set date. A whole life policy can be used as both an investment into a death benefit for your family as well as an investment like a savings account that will gain cash value.

Each month part of the premium you pay will be added to the cash value. This type of policy provides you with both a death benefit in the event of your passing, as well as available cash if you need it when you need it.