Term Life Insurance

Provides coverage for a specific period (e.g., 10, 20, or 30 years). If the insured passes away during the term, beneficiaries receive a death benefit. It’s typically more affordable but doesn’t build cash value.

Whole Life Insurance

Offers lifelong coverage with a guaranteed death benefit and a cash value component that grows over time. Premiums are higher than term life insurance, but policyholders can borrow against the cash value.

Fixed Index Annuity (FIA)

A financial product that provides a guaranteed income stream, typically for retirement. It offers growth potential linked to a stock market index while protecting against market losses. FIAs ensure financial security with tax-deferred growth and optional income riders.