Life Insurance
About 41% of Americans do not have enough life insurance. This can leave a significant burden on family members when a loved one’s death occurs. Fortunately, Turgeon Insurance Services carries many different products to help find the right life insurance plan for you, your family, or your business.
Term Insurance
Term Insurance is a form of life insurance that is in effect for a set period of time, typically anywhere from 5 years to 30 years. It is less expensive than a permanent life insurance policy because it does expire and holds no cash value. Many term policies offer the option to convert from term to permanent insurance.
Indexed Universal Life (IUL)
Indexed universal life (IUL) insurance is a type of universal life insurance that provides a cash value component along with a death benefit. This type of insurance offers the insured more flexibility as the level of insurance can be changed throughout the contract. IUL, gives you the opportunity to tie the cash value to the performance of a stock or bond index without directly investing in the market. It is also a permanent policy.
Guaranteed Universal Life Insurance (GUL)
Guaranteed universal life (GUL) insurance is a permanent life insurance policy that provides a guaranteed death benefit and fixed premiums for the insured's lifetime. It's a cost-effective option that combines elements of term and whole life insurance.
