East Falls Consulting Group represents numerous A-Rated Life Insurance Companies with competitive rates. We have plans that cover people of all ages, and can find life insurance for clients who have pre-existing conditions.
There are three main type of life insurance plans: Term, Whole, Universal.
Term Life Insurance usually allows beneficiaries to have larger death benefits for the monthly premium spent. However, the drawback is having the coverage for only a certain period of time such as 10, 15, or 20 years. Also, you are unable to grow cash value in your policy.
Whole Life Insurance builds cash value. Cash value is like a bank account in your policy that grows money from your monthly premium. If you cancel the policy, you most often receive the full cash value. You are also sometimes allowed to borrow from your cash value.Whole Life insurance has a set monthly premium based on your age, which stays the same for life the of the policy.
Universal Life is a very diverse type of life insurance coverage that allows for you to have goals such as growing your cash value, while keeping your monthly premium low. Universal Life Insurance plans are very diverse and allow people to maximize their death benefit, while keeping their premium low, and growing a potential retirement nest egg with their cash value.