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What Kind of Life Insurance

There are two basic types of life insurance: term and permanent. Each should be considered carefully to determine which best fits your individual needs.

Advantages
of Term
     
Advantages of Permanent
 
       
  • Lower cost protection in early years
  • Customized for coverage to last for a specific number of years
  • The option to exchange the policy for permanent coverage without having to show evidence of good health
  •      
  • Lower cost in later years
  • Permanent protection
  • Level premiums
  • Accumulation of cash for emergencies, college education, retirement supplement
  • Tax-deferred wealth accumulation
  • Tax-free income distribution*
  • Flexibility
  • Coverage without paying premiums by using various options

     
  • Disadvantages
    of Term
         
    Disadvantages of Permanent
     
           
  • Higher cost protection in later years
  • Increasing premiums
  • No equity or cash value savings
  • Failure to pay premiums ends coverage
  •      
  • Higher initial cost
  • Future dividends and current interest rates not guaranteed
  •  

    To review your needs, Call us at 719-572-0900 and select option 2

        

    Products and services not available in all states Kevin Campbell Insurance operates exclusively in the State of Colorado

    Copyright 2006 Kevin Campbell Insurance Agency all rights reserved.