Here’s a quick overview of the basic types of insurance to help you understand their core benefits and how they can protect your financial future.

Variable Unit-Linked (VUL) Insurance is life insurance protection with an investment component. It offers both a death benefit and the potential to grow your wealth through investments in various funds, allowing policyholders to manage their risk and return based on their financial goals.

Whole Life Insurance provides lifelong coverage (up to age 100) and includes a cash value component that grows over time, offering both insurance protection and a savings element.

Term Life Insurance is an affordable insurance option that provides coverage for a specified period, typically without a savings component, focusing solely on offering a death benefit.

Health Insurance offers protection against the financial burdens of major and minor illnesses by covering hospitalization, professional fees, palliative care, and other healthcare-related expenses.

Business Insurance is a critical tool for business continuity planning. It can provide funds in the event of the death of a key person, support buy-sell agreements, and serve as collateral for loans, ensuring the stability and longevity of the business.

Endowment Policies combine life insurance coverage with a savings plan, designed to help you achieve financial goals within a specified period, with the added benefit of a lump sum payout at the end of the term.