Term Life Insurance

Term life insurance is one of the most affordable options available. It provides coverage for a specified term, such as 10, 20, or 30 years. This type of insurance is ideal for young families looking to secure their financial future at a lower cost.

Example: A 30-year-old non-smoker in Katy might pay around $20 per month for a 20-year, $500,000 term life insurance policy.

Whole Life Insurance

Whole life insurance offers lifelong coverage with a savings component that builds cash value over time. While it tends to be more expensive than term life insurance, it provides permanent protection and can be a valuable part of your long-term financial planning.

Example: A 40-year-old non-smoker in Katy might pay around $150 per month for a $250,000 whole life insurance policy, which also accumulates cash value that can be borrowed against.

Universal Life Insurance

Universal life insurance provides flexible premiums and death benefits, along with a cash value component that earns interest. This type of policy is suitable for those who want more control over their life insurance and investment.

Example: A 50-year-old non-smoker in Katy might pay approximately $200 per month for a universal life insurance policy with a $200,000 death benefit, allowing for adjustments in premiums and coverage as needed.