Life Insurance


You probably considered and purchased life insurance in early adulthood, or after a life change like marriage or having children. But that’s not the only time to think about it. There are still many reasons to consider or reassess life insurance coverage when you’re older. 


Some things to consider when choosing life insurance:

*Covering outstanding debt

*Income replacement

*Future educational endeavors

*Care for young children


Do you know which life insurance is right for you? Longevity Planning’s skilled and experienced team can help you choose the right plan or combination of plans to make sure you and your family are taken care of at every stage of life. The two main types of life insurance are term life insurance and whole life insurance.

Term Life Insurance:


A popular choice for many, this type of insurance combines an affordable premium with comprehensive coverage for a set amount of time, or “term”.

Optional Benefits

*A low-cost policy for a set time period (typically 10, 20, or 30 years)
*Lower premiums for higher coverage
*Rates can change
*No equity

Whole Life Insurance


A whole life insurance policy covers you for your entire life. The higher premium cost is offset by the fact that whole life insurance can build equity. This cash value can be withdrawn or borrowed against, and it is tax-deferred until you access it. 

Optional Benefits

*Permanent, life-long coverage, not for a specific amount of time

*Can build equity and has cash value

*Higher premium cost but can be more cost-effective and hold more value over time

While term life insurance and whole life insurance may be the most familiar, there are other equally important types of life insurance available. Universal life insurance, survivorship insurance and variable life insurance are perhaps lesser known, but could be a better fit for your unique circumstances. Longevity Planning has the knowledge and experience to guide you through these different types of life insurance plans. We will sit down with you and review your family’s needs and draft a plan that’s customized to your life.  


Different life circumstances require different life insurance coverage. Sometimes a combination of plans offers the best protection. For instance, combining a lower cost term life policy with a smaller whole life policy can give you more complete coverage at a price you can afford. We will make sure the investment you make in your life insurance is the right one at the right price.

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