Term Life Insurance
A Term life insurance policy is one with a set duration limit on the coverage period. Once the policy is expired, it is up to your clients to decide whether to renew the term life insurance policy or to let the coverage end. As the name implies, a term insurance policy is good for a specific period of time; that can be one year, 10 years, 20 years or even up to 30 years


Whole Life Insurance
Whole life insurance refers to a policy that provides lifetime protection by paying a lump sum death benefit. Whole life policies differ from term insurance in that they have a savings component with earnings accruing, referred to as cash value. In essence, whole life policies, a type of permanent insurance, combine life coverage with an investment fund.


​Universal Life Insurance
Universal life is a type of permanent insurance policy that combines term insurance with a money market-type investment that pays a market rate of return. Unlike whole life insurance, universal life allows the cash value of investments to grow at a variable rate that is adjusted monthly. Oftentimes, the death benefit, savings element and premiums can be reviewed and altered as your clients’ circumstances change.
Disclaimers
Routt Insurance is licensed and certified representatives of a Medicare Advantage (HMO, PPO and PPFS) organization and a stand-alone prescription drug plan with a Medicare contract. Enrollment in any plan depends on contract renewal.
The purpose of this communication is the solicitation of insurance. Contact will be made by a licensed insurance agent/producer or insurance company. Medicare Supplement insurance plans are not connected with or endorsed by the U.S. government or the federal Medicare program. Plans are not available in all areas and may be subject to underwriting; terms and conditions may apply.