Hodnett Insurance Services
Life Insurance
LIFE INSURANCE COMPARISON CHART
LENGTH
FEATURES
PRICE
TERM
Lasts for a set period of time (1, 5, 10, 15, 20, 25, 30 years).
Fixed benefit for a fixed period of time. May include Return of Premium.
Generally the lowest cost for a fixed period of time.
WHOLE
Goes from the date of issue to age 100 or insured's death.
Predictable benefit and cost. Includes cash values. May include payments for a limited number of years with insurance continuing there after.
Usually fixed for the term of the contract.
UNIVERSAL
Provides permanent protection.
Flexible benefit and cost. Can be structured with an almost unlimited variety for payment periods, projected cash value and benefit amounts, and can be changed as needs and objectives change.
May vary widely depending on insured's objectives.
This is general information that may not match all products offered in each category.