Life Insurance

Term Life Insurance

Term life insurance is designed to be a low cost option to cover an individual's life for a specific number of years (usually from 5 to 20). 

It may be a good option for a new parent or someone who wants a high level of financial protection with the smallest premiums possible.

Term policies do not build cash value like most permanent policies, hence the lower cost. Many policies do have the option to convert to permanent policies within certain limits of the policy. 

Whole Life Insurance

As the name implies, whole life insurance is designed to cover an individual or couple for the entire life of the insured.

The premium costs of whole life insurance policies are higher than term life but the policies typically build cash value over the years. The cash value can be used to cover large emergency expenses or create a retirement income stream.

There are several different types of whole life insurance policies. Some have variable premiums and some invest your cash value in securities so the value increases and decreases with the stock market. You can learn more about different types of policies by speaking with your advisor or visit informational websites like LifeHappens.org.

What is your best option?


​There are many options and uses for life insurance. Work with a trusted advisor to determine what is right for you. 

Many insurance agents are limited to offering policies offered by one specific company and their recommendations may be driven by the commissions they earn.

Ridgeline Wealth Advisors is different. We work with a wide variety of insurance companies to evaluate options that provide the combination of cost and benefits to meet your needs. We have a fiduciary duty to recommend policies that specifically fit you, regardless of potential commissions we may earn. 
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