What types of life insurance policies does CMFG offer?

CMFG Life Insurance offers a variety of life insurance policies designed to meet diverse needs and preferences. Typically, the primary types of life insurance available include term life insurance and permanent life insurance. Term life insurance provides coverage for a specific period, usually ranging from ten to thirty years. It is often chosen for its affordability and straightforward nature, as it pays a death benefit if the insured passes away during the policy term. This type of policy is suitable for individuals looking for coverage during key financial responsibilities, such as raising children or paying off a mortgage. Permanent life insurance, on the other hand, encompasses several subcategories, including whole life and universal life insurance. Whole life insurance offers coverage for the insured's entire lifetime, as long as premiums are paid. It includes a cash value component that grows over time, providing policyholders with both a death benefit and a savings element. Universal life insurance is more flexible, allowing policyholders to adjust their premium payments and death benefits as their needs change over time. Overall, these options cater to various financial goals, whether someone wants temporary protection or a lifelong investment. For those interested in understanding the specific offerings and details of each policy, exploring CMFG's official website may provide additional insights into the products, benefits, and features available.