Types of Life Insurance

Clark-Lami-Hembree and their excellent markets have several different types of life insurance products available. The most common include:

Term Life Insurance

Term provides life insurance protection for a specified period of time. If you do not currently have life insurance, term can be a good place to start. It's generally less expensive than permanent life insurance, and is available in varying term periods with fixed premiums from a one- (annual renewable term) to 20-year period (level term). Furthermore, sometimes term insurance can be converted to permanent coverage, providing you with flexibility as your needs change.

Whole Life Insurance

Whole life is a form of permanent life insurance that remains in force during the insured person's lifetime, provided premiums are paid as specified in the policy. Whole life insurance can build cash value.

Universal Life Insurance

Universal life is a form of permanent life insurance characterized by its flexible premiums, flexible face amounts and unbundled pricing structure. Universal life can build cash value, which earns an interest rate that may adjust periodically, but is generally guaranteed not to fall below a certain percentage.

Variable Universal Life Insurance

Variable universal life offers benefits similar to universal life including flexible premiums and death benefit, yet goes one step further by offering investment flexibility. The death benefit and cash value of a variable universal life policy fluctuate according to the investment performance of a separate account. The investments inside this account are usually diverse and offer a mix of stocks, bonds and money market securities. Although there is a greater risk with this type of policy, most do offer a guaranteed death benefit that will not fall below a specified minimum. Payment of the death benefit would, of course, be dependent on the claims paying ability of the life insurance company

As an Independent Agent, Clark-Lami-Hembree offers a wide range of traditional and innovative, consumer-driven health plans for both individuals and businesses. Whether you’re looking for a PPO, POS, or HSA, or wondering what they are, we stand ready to help you make an informed decision. We represent markets from Kansas to Missouri to Illinois, so we’re sure to have something just for your situation.

If you are in need of temporary or permanant medical insurance, just click on Anthem, Aetna, or Golden Rule to get a quote or to apply on-line!

You’ll also find plans for specialty products like dental, vision, and international medical products, as well as Long Term Care and Disability Products.

All of this from CLH: Your Insurance Connection

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