Louisville Life Insurance
Protect your loved ones and assets
What is Life Insurance?
A contract with an insurance company that, in exchange for premium payments, provides a sum of money, known as a death benefit, to beneficiaries upon the insured’s death.
Types of Life Insurance:
Whole Life: An insurance is a type of permanent life insurance that accumulates cash value.
Term Life: An insurance lasts a certain number of years, then ends. You choose the term when you take out the policy. Common terms are 10, 20, or 30 years.
Universal Life: A type of permanent life insurance with a cash value component that earns interest, universal life insurance has premiums that are comparable to term life insurance. Unlike term and whole life, the premiums and death benefit can be adjusted over time.