🟦 Term Life Insurance

• Coverage Duration: Fixed term (10, 20, 30 years, etc.)
• Premiums: Level (stay the same during the term)
• Cash Value: ❌ None
• Cost: Lowest of the three
• Payout: Only pays if you die during the term
• Best For: Temporary needs (e.g., mortgage protection, income replacement while kids are young)

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🟨 Whole Life Insurance

• Coverage Duration: Lifetime (as long as premiums are paid)
• Premiums: Fixed and guaranteed
• Cash Value: ✅ Yes – grows at a guaranteed rate and is tax-deferred
• Cost: Higher than term, but stable
• Payout: Guaranteed death benefit + potential dividends (from mutual insurers)
• Best For: Lifetime protection and building savings you can borrow against

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🟩 Universal Life Insurance

• Coverage Duration: Lifetime (flexible)
• Premiums: Flexible – you can adjust how much and when you pay (within limits)
• Cash Value: ✅ Yes – earns interest (linked to a fixed rate, index, or variable returns)
• Cost: Between term and whole life, but can increase with age
• Payout: Death benefit + potential cash value
• Best For: People who want lifelong coverage with flexibility and potential for cash value growth

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🔍 Quick Comparison Table:

Feature	Term Life	Whole Life	Universal Life
Coverage Length	10–30 years	Lifetime	Lifetime
Cash Value	❌ None	✅ Yes	✅ Yes
Premiums	Fixed	Fixed	Flexible
Cost	💲 Lowest	💲💲 High	💲💲 Moderate–High
Flexibility	❌ No	❌ No	✅ Yes

🟦 Long-Term Care (LTC) insurance is a type of insurance that helps cover the cost of care when you can no longer perform basic activities of daily living (ADLs) on your own due to aging, illness, or disability.

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🛏️ What It Covers:

It typically pays for services such as:

• ✅ Home care (help with bathing, dressing, eating, etc.)
• ✅ Assisted living facility
• ✅ Nursing home care
• ✅ Adult day care
• ✅ Memory care for Alzheimer’s/dementia

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🧑‍🦼 When It Kicks In:

You generally qualify for benefits when you can’t perform 2 out of 6 ADLs:

1. Bathing
2. Dressing
3. Eating
4. Toileting
5. Transferring (e.g., getting out of bed)
6. Continence

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💲 Why It Matters:

• Medicare doesn’t cover long-term custodial care
• Without LTC insurance, these costs come out-of-pocket
  (Average nursing home cost: $90K+ per year in the U.S.)

📞 Here’s the clear difference between calling RyanKing.life A Life Insurance Broker vs calling an Insurance Company directly:

Independent: We work with many insurance companies, not just one.
More Options: We can shop around and find you the best policy, price, and coverage.
Unbiased Advice: We focused on what’s best for you, not pushing a single company’s product.
Help with Underwriting: We know which companies are more lenient if you have health issues, risky jobs, etc.
Personalized Service: We get 1-on-1 help to figure out exactly what fits your situation.
Can Save You Money: We often find you better rates or policies with better features.
✅ Best if you want to compare companies, save money, or have any special health/financial situation and want to get the best protection, best deal, and best fit CALL RyanKing.life @ 310 770-3719

We are a life insurance broker NOT AN AGENCY.

Here’s a clear comparison between a life insurance agency and a life insurance broker:

Life Insurance Agency

• Represents one company (or sometimes a small group of affiliated companies).
• Sells only their own policies or products from a limited set of insurers.
• Agents are employed by or contracted with a specific insurer.
• Their loyalty is typically to the insurance company they represent.
• You may get less choice in terms of coverage and pricing.

Life Insurance Broker

• Independent and not tied to any one insurance company.
• Works with multiple insurance companies to find the best policy for the client.
• Brokers represent you, the buyer—not the insurer.
• Offers a wider range of options and helps you compare coverage, prices, and terms.
• More likely to find the most competitive rates and policies tailored to your needs.

Bottom line:
If you’re looking for variety and the best value, a life insurance broker typically offers more flexibility and personalized service than an agency limited to one company’s products.