Life what Kind

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 Kevin Campbell Insurance Agency 719-572-0900

American National Insurance Company, Galveston, TX
American National Property and Casualty Companies, Springfield, MO

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