John, my neighbor asked me today to explain what is “Group Life Insurance?”
Group Life insurance is policy that insures a group of people. Its a type of insurance in which a group of people are covered- if you are part of the group.
Group Life Insurance is often provided by employers as an employee benefit [...]

The best way to describe Universal Life Insurance is that it is a specific type of flexible life insurance that provides coverage similar to term life insurance with the benefits of tax deferred savings.
The advantages to Universal Life Coverage are the policy has the potential for cash value to earn more than the minimum interest [...]

Whole Life Insurance policy gives the policy holder a lifetime coverage at a premium rate that does not increase with age after it has been purchased. This insurance policy typically requires that the owner pay premiums for the life of the policy.
This policy builds cash value and the policy holder can use the cash [...]

Term Life Insurance is a policy that must be renewed annually and is considered to be a pure insurance protection.