Charleston Life Insurance

Term Life

Most premium on term life insurance policies stay the same for the policy term.  Many people find this type of insurance attractive because initially the fees are less expensive. Simply choose the time periods of which you choose for coverage, and your premium stays the same for the entire period.  After your term, you can convert to a permanent policy, or extend your policy beyond your time period for an additional premium.

Whole Life

Whole life insurance policies are for as long as you pay the premium.  Many people choose whole life insurance because, policies can develop cash value over time.  There are many factors that help to determine your premiums.  The two main factors are age, and health. In most cases, the sooner you start, the lower the premium.  Your premium will remain the same every year. Lastly, as policies gain cash value, you may take loans from your policy.

Universal Life