Life Insurance

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Serving Muskegon and all of Michigan.

 

Jerviss Fethke Insurance Agency can help you find the right life insurance policy for you and help ensure that your policy continually meets your needs. Contact us today to get started.

Common Types of Life Insurance

 

There are several different types of life insurance policies available — the most common include the following:

  • Term Life Insurance
    Term life insurance provides protection for a specified period of time. If you do not currently have life insurance, term can be a good place to start. It’s generally less expensive than whole life insurance, and is available in varying time periods with fixed premiums from a one-year (annual renewable term) to 20-year (level term) period. Furthermore, term life insurance is sometimes convertible to permanent coverage, providing you with flexibility as your needs change.

  • Whole Life Insurance
    Whole life insurance is a form of permanent life insurance that remains in force for your entire lifetime, provided premiums are paid as specified in the policy. Whole life insurance can be an investment opportunity, as many whole life insurance policies also build cash value over time.

  • Universal Life Insurance
    Universal life is a form of permanent life insurance characterized by its flexible premiums, face amounts and unbundled pricing structure. Universal life can build cash value, which earns an interest rate that may adjust periodically, but is usually guaranteed not to fall below a certain percentage.

 

So what type of life insurance is best for you? Talk with the team at Jerviss Fethke Insurance Agency today at 231-722-2375. We can assist in identifying the best protection for you.