Four types of life insurance. One that fits your family.
As an independent insurance producer, Don Marino can compare term life, whole life, indexed universal life (IUL), and final expense insurance from multiple insurance carriers. Available products, underwriting requirements, premiums, benefits, and policy features vary by carrier and applicant.
What you get
Term Life Insurance
Term life insurance provides death-benefit protection for a specified period, such as 10, 20, or 30 years. Many term policies offer level premiums during the selected term. Life insurance death benefits are generally received by beneficiaries free from federal income tax under current law, although exceptions may apply.
Whole Life Insurance
Whole life insurance is permanent life insurance designed to provide lifetime coverage when required premiums are paid and the policy remains in force. Policies generally include guaranteed cash values according to the policy contract. Policy loans may be available, but loans and withdrawals reduce available cash value and death benefits and may have tax consequences.
Indexed Universal Life (IUL)
Indexed universal life is permanent life insurance that may provide flexible premiums and cash-value accumulation. Interest credited to the policy may be linked in part to the performance of an external market index, subject to the policy's participation rates, caps, floors, spreads, charges, and other terms. The policy is not directly invested in the market. A 0% index-crediting floor does not prevent policy charges, loans, or withdrawals from reducing the policy's cash value. Policy loans and withdrawals may provide access to cash value, but they reduce policy benefits and may have tax consequences, particularly if the policy lapses or is surrendered.
Final Expense Insurance
Final expense insurance is generally a smaller-face-amount permanent life insurance policy designed to provide funds beneficiaries may use for funeral expenses, outstanding bills, or other needs. Many products offer simplified underwriting and may not require a medical examination. Available face amounts, issue ages, premiums, waiting periods, and underwriting requirements vary by carrier and applicant.
Who it's for
- Young families needing $500K–$2M of term coverage
- Business owners funding a buy-sell agreement
- Individuals seeking permanent life insurance protection with potential cash-value accumulation
- Anyone whose current rate is up for renewal or who's shopping for the first time
Need more answers?
One conversation with a licensed Nevada advisor. No robocalls, no pressure — just a plan that fits.
Common questions
How much coverage do I need?
A common rule is 10–15× annual income for a working parent. We build a needs analysis based on debts, income replacement years, and kids' education.
Do I need a medical exam?
Not always. Some carriers offer accelerated or simplified underwriting that may not require a medical examination. Eligibility, available coverage amounts, and underwriting requirements depend on the applicant and carrier.
How long does approval take?
Approval time varies by carrier, product, underwriting method, and the information required from the applicant. Some accelerated-underwriting applications may receive decisions relatively quickly, while fully underwritten cases can take longer.