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Life Insurance Plans 

Professional, Experienced and Informed.

Equity Health & Life is ready to answer your questions.  Contact us today for a comprehensive review of your Health care needs.

What is life insurance?

Life insurance can help you in many ways, such as protecting your family financially, and in some cases, providing opportunities to build wealth. Your agent will work with you to understand your financial situation and help you design personalized solutions to protect and prosper.

A Life insurance policy is an agreement between you and an insurance company that provides financial protection for your family. Depending on the type of life insurance plan, if you pass away, your life insurance policy may pay cash (a death benefit) to designated beneficiaries. Many families use this money to cover funeral costs, make up for lost income, or build wealth by leaving money for the next generation. Working with an agent, you can choose between temporary coverage like term life Insurance or something permanent like whole life insurance. In addition, there is universal life insurance, which is highly customizable, and variable universal life, which gives you the option to invest in the market.

T E R M   L I F E 

This type of coverage is generally more affordable than universal or whole life insurance.  This type of coverage is for a limited time, typically a 10 to 30 year period.  

Term insurance goes beyond protecting your family for the short term; it puts you and your loved ones on a path toward financial preparedness in the future.

W H O L E   L I F E 

Whole life insurance is for those looking for lifetime protection with added benefits. This type of coverage is long term and can provide protection during your entire life.  Generally, a Whole life policy provides both a death benefit and a living benefit.  In many cases, the living benefit is a cash value, an asset that you can access during your lifetime.  

In some cases, policyholders in Whole Life are eligible to receive dividends. Dividends, if provided by the issuing insurance company, can create an opportunity for the policy’s cash value to grow more. 

V A R I A B L E   U N I V E R S A L   
L I F E 

Variable universal life insurance is designed for the investment-minded who are looking for life insurance protection and the potential for market gains.  Variable universal life policy is a type of long term coverage.


These policies may include features such as a cash value, both flexible premiums and death benefit, and an investment opportunity.  Generally, VULs offer more investment options.  They may, in some cases, allow you to select different funds to essentially create a portfolio. 

Variable universal life offers long-term life insurance protection and the opportunity to grow your wealth by investing in the markets.

U N I V E R S A L   L I F E

People who choose universal life insurance are generally looking to maximize their long-term coverage. 


This type of insurance is long term and may provide a cash value protecting your financial future.   Generally, Universal life may provide an option to adjust premium payment amounts within a specific range.  Flexible premium payments allow for changing conditions.


An efficient way to give  families the long-term insurance protection they deserve.

Types of Life Insurance

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