Life, Health and Disability insurance are financial tools that serve a specific financial purpose in general, to protect against the adverse economic consequences of death, illness or accident.

For example, Life Insurance can be divided into these two broad categories:

Term - Life insurance that provides coverage only for a specified period, usually 10 or 20 and in some cases 30 years.

Permanent - Life insurance that covers a person for a lifetime.

Each category contains several types, designed to cover a specific situation. For Term, these include Level, Decreasing and Group. Some different forms of Permanent are Traditional Whole Life, Universal, Variable Universal, Second-to Die, First-to-Die, and Single Premium.

Which is right for you? How much do you need? That should be determined by what you need it for, the specific circumstances and what you want to accomplish. At Barlocker, one of our qualified Life Insurance Professionals can help you decide.