Life Insurance Solutions Group

 Term life insurance is a type of life insurance policy that provides coverage for a specific period of time, typically between 10 and 30 years. It pays out a death benefit to your beneficiaries if you die during the term of the policy. Term life insurance is generally more affordable than whole life insurance, but it does not build cash value or provide any other living benefits.

Whole life insurance is a type of permanent life insurance that provides coverage for your entire life. It pays out a death benefit to your beneficiaries when you die, regardless of when that may be. Whole life insurance also builds cash value over time, which can be used as an additional source of income during retirement or to cover unexpected expenses. Whole life policies are typically more expensive than term life policies due to their added features and benefits. 

 A final expense insurance policy is a type of life insurance policy designed to cover the costs associated with end-of-life expenses. These expenses can include funeral and burial costs, medical bills, and other debts that may be left behind after death. Final expense policies are typically smaller than traditional life insurance policies, with coverage amounts ranging from $5,000 to $50,000.