Life Insurance Options
Term Life Insurance: Affordable Protection for Life’s Most Important Years
Term life insurance is one of the most practical and affordable ways to protect the people you love. It provides coverage for a set period—typically 10, 20, or 30 years—offering financial protection during the stages of life when your family depends on you most. If you pass away during the term, your loved ones receive a tax-free cash benefit they can use to cover living expenses, pay off debts, or continue pursuing their goals.
Because it’s focused on pure protection rather than investment growth, term life insurance is straightforward and budget-friendly. You choose how long you want coverage to last, and your premiums remain fixed for the entire term. Once the policy ends, you can renew it, convert it to permanent coverage, or allow it to expire—depending on your needs at that stage of life.
The benefits are simple but powerful. Term life insurance provides high coverage at an affordable cost, making it ideal for young families, homeowners, or anyone looking to safeguard their income. The death benefit can replace lost income, help maintain your family’s lifestyle, or ensure major expenses—like a mortgage or college tuition—are taken care of. Many policies also include a conversion option, allowing you to transition to permanent coverage later on without a medical exam, ensuring continued protection as life evolves.
At Magnus III Life & Legacy, we believe financial security begins with confidence and clarity. Term life insurance helps you build a strong foundation for your family’s future—so no matter what tomorrow brings, they’re protected today.
Whole Life Insurance: Lifetime Protection with Lasting Value
Whole life insurance provides permanent coverage that lasts your entire lifetime—not just for a set number of years. It’s designed to give you lifelong protection and peace of mind, while also building cash value you can access during your lifetime.
With whole life insurance, your premiums, coverage amount, and benefits never change. As long as you keep the policy active, your loved ones will receive a guaranteed tax-free death benefit when you pass away. Meanwhile, the policy’s cash value grows steadily over time on a tax-deferred basis, offering you the flexibility to borrow against it or withdraw funds for future needs—such as supplementing retirement income, paying for college, or covering unexpected expenses.
Whole life insurance is ideal for those who want both permanent protection and financial stability. It’s not just about leaving a death benefit—it’s about creating a legacy and ensuring long-term security for the people you care about most.
At Magnus III Life & Legacy, we help you find a plan that aligns with your goals and values, so you can protect your family while building lasting financial strength.
Universal Life Insurance: Flexible Coverage That Adapts to Your Life
Universal life insurance offers permanent coverage with built-in flexibility, giving you the ability to adjust your premiums, death benefit, and savings component as your financial needs change. Like whole life insurance, it provides lifelong protection and accumulates cash value over time—but with more control over how you manage it.
Each premium payment contributes to both the cost of insurance and your policy’s cash value, which earns interest and can grow tax-deferred. You can use this cash value to cover premiums, borrow against it, or withdraw funds as your circumstances evolve. This makes universal life insurance an excellent option for individuals who want long-term protection with the freedom to adapt their coverage to life’s changes.
Whether you’re looking to protect your family, supplement your retirement, or leave a legacy, universal life insurance provides the flexibility and stability to help make it happen.
At Magnus III Life & Legacy, we’ll work with you to design a universal life policy that grows with you—offering protection today and financial confidence for tomorrow.