Life insurance helps to ensure that your family and loved ones are protected against financial difficulties in the event of a premature death. Combined with investments, retirement and estate planning, life insurance is a fundamental part of a sound financial plan.

There are many kinds of life insurance, but they generally fall into two categories: term insurance and permanent insurance.

Term insurance provides protection for a specific period of time. It pays a benefit only if you die during "the term". Some term insurance policies can be renewed when you reach the end of the term, which can be from one to 30 years.

Permanent insurance provides lifelong protection. As long as you pay the proper amount of premium, the death benefit will be paid. There are several types of permanent insurance:

• Whole life or ordinary life -premiums generally remain constant over the life of the policy and must be paid periodically in the amount indicated in the policy.
• Adjustable life -premiums are recalculated at set time periods, typically every five, or even ten, years, to reflect current interest rates.
• Universal life -allows you, after your initial payment, to pay premiums at any time, in virtually any amount, subject to certain minimums and maximums.

Securities and advisory services offered through National Planning Corporation (NPC), Member FINRA/SIPC, a Registered Investment Advisor. Warren Steinborn Associates and NPC are separate and unrelated companies.
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