The four primary types of life insurance have a place in any sound financial plan. They are:

• Term Life Insurance - these are fixed premiums for a finite period of time, normally 10 or 20 years
• Whole Life Insurance - this is permanent insurance, with fixed premiums and cash value benefits, as long as premiums are paid
• Universal Life Insurance - permanent insurance that contains options to change premiums and even death benefits
• Variable Life Insurance - this is similar to the Universal Life policy, but you have the flexibility to choose investment risks to maximize cash value benefit

You can use Life insurance for a variety of financial planning purposes, including:

• Paying for your children's education
• Helping your spouse and surviving children maintain their lifestyles
• To safeguard the continuation of a business after the death of a key owner or employee

Contact Meixell - Diehl Insurance today to review your needs and options and get you competitive quotes for the life insurance right for you.