What is Life Insurance?
Insurance that pays out a sum of money either upon the death of the insured person or after a set period. It will provide for payment of a certain amount of money to a named beneficiary upon the death of the policyholder, or to the policy holder if still living after reaching a specified age.
What does Whole Life insurance provide?
It provides insurance on the life of the insured for a fixed amount at a definite premium that is paid each year in the same amount during the entire lifetime of the insured.
What does level term life insurance provide?
Level term life insurance provides a low cost premium, with a level death benefit for a ten, twenty, or thirty year period. Coverage is guaranteed all the way up to age 90.
Inexpensive term insurance can be very valuable to a family or a business that shoulders the responsibility of providing the financial means to meet future obligations such as:
Business Buy/Sell Agreements
Children's Educational Needs
Family Living Expenses
Miscellaneous debt and other obligations
Butler-Vause provides both Term and Whole Life products provided by the following companies:
United Fire Group
New York Life