Is There Only One Kind of Life Insurance? Not Even Close.
By Sebastian River Insurance
When most people think of life insurance, they picture a single payout after someone passes away—a one-size-fits-all safety net.
But here's the truth: there isn’t just one form of life insurance. There are multiple types, each designed for different needs, budgets, and life stages. And choosing the right one can make a huge difference for you and your loved ones.
At Sebastian River Insurance, we’re here to help you understand your options—so you can make a confident, informed decision.
The Two Main Categories of Life Insurance
✅ 1. Term Life Insurance
This is the simplest and most affordable type of life insurance. You choose a term (typically 10, 20, or 30 years), and if you pass away during that period, your beneficiaries receive the death benefit.
Best for:
Young families
Mortgage protection
Temporary income replacement
Key benefits:
Low cost
High coverage amount
Easy to understand
Keep in mind: If the term ends and you're still living, there's no payout unless you renew or convert the policy.
✅ 2. Permanent Life Insurance
Unlike term, permanent life insurance never expires—as long as premiums are paid. It also includes a cash value component that grows over time and can be borrowed against.
There are a few types of permanent policies:
Types of Permanent Life Insurance
▶ Whole Life Insurance
Fixed premiums
Guaranteed death benefit
Builds cash value at a guaranteed rate
Ideal for: Long-term wealth planning, estate protection, or leaving a legacy.
▶ Universal Life Insurance (UL)
Flexible premiums and death benefit
Cash value growth tied to interest rates
Can be adjusted as your life changes
Ideal for: Those who want lifetime coverage with more flexibility.
▶ Indexed Universal Life Insurance (IUL)
Cash value growth linked to a stock market index (like the S&P 500)
Downside protection—your cash won’t lose value if the market drops
Flexible structure and tax-advantaged growth
Ideal for: Individuals looking to combine protection, retirement planning, and tax-free wealth growth.
So… Which One Is Right for You?
That depends on your:
Age
Family situation
Income and debt
Long-term goals
Budget
At Sebastian River Insurance, we take the time to learn about you—then guide you to a policy that fits your life today and your dreams for tomorrow.
Final Thoughts
No, there’s not just one kind of life insurance. There are many—and one of them is probably exactly what you need.
📞 Call Sebastian River Insurance today to schedule a free life insurance review.
Let’s build a plan that protects your loved ones and supports your financial future.
