Life Insurance

A Cornerstone of Your Financial Security:

There are many kinds of life insurance, but they generally fall into two categories: Term Insurance and Permanent Insurance.

Term Insurance

Term insurance is designed to meet temporary needs. It provides protection for a specific period of time (the “term”) and generally pays a benefit only if you die during the term.

This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.

Permanent Insurance

Permanent insurance provides lifelong protection. As long as you pay the premiums, and no loans, withdrawals or surrenders are taken, the full-face amount will be paid.

Because it is designed to last a lifetime, permanent life insurance accumulates cash value and is priced for you to keep over a long period of time.

Malcolm Douglas & Associates, Inc. understands that Term Life Insurance can be a very valuable, yet economical benefit for members of an organization. To help organizations provide group life insurance, Malcolm Douglas & Associates, Inc. works with the highest-rated life insurance carriers. Malcolm Douglas & Associates, Inc. coordinates the billing and enrollment for all of your group and voluntary life products.