Determining a life insurance plan can be just as confusing as health care plans. We will help you determine your needs, those of your family, your budget and we’ll help you find the best fit.
See below for an overview of a few of the more popular types of life insurance options. MKE Benefits will work with you personally to make sure you have the right one.
Term Life Insurance
Term provides coverage for a specified term of years in exchange for a specified premium. The policy does not accumulate cash value. Term is generally useful for those who want maximum death benefits with lower premiums.
Traditional Whole Life Insurance
The primary advantages of whole life insurance are guaranteed death benefits, guaranteed cash values and fixed premiums.
Cash values can be accessed at any time through policy loans. Premiums on Whole life policies are much higher than Term life policies because the premiums stay fixed as the client ages.
Universal Life Insurance
Universal life insurance is intended to provide permanent coverage with greater flexibility payment and potential for greater growth of cash values. Universal life plans will perform better in a higher interest rate environment and rates of return on the cash value will change on a yearly basis.
To discuss how we can help you with life insurance, please call us at (414) 368-0900.