Life Insurance isn't just a policy.
It's a cornerstone of wealth.
At Glenn Fine Insurance, we move beyond simple quotes to provide a consultative analysis of your coverage needs. From low-cost protection to complex estate planning strategies,
we help you navigate the landscape of Term, GUL, IUL, and Whole Life.
The Process
Education Before Implementation
We don't believe in one-size-fits-all. Life insurance comes in many flavors, each with distinct tax advantages, cost structures, and guarantees. We help you weigh the pros and cons.
Needs Analysis
We calculate your true coverage gap, considering mortgage liabilities, income replacement, and future education costs.
Product Comparison
We model different scenarios. What does a 20-year term look like vs. a GUL? We show you the math, not just the brochure.
Underwriting Advocacy
We shop the market. Different carriers treat health conditions differently. We advocate for you to get the best rating class possible.
Term Life Insurance
Pure Protection for a Specific Time
Think of Term Life as "renting" your coverage. It is the most affordable way to buy a large death benefit. It is designed to cover you during your peak earning years, typically when debts are high and children are young.
Affordable: Get coverage for pennies on the dollar.
Simple: Fixed premiums for 10, 15, 20, or 30 years.
Convertible: Most policies allow you to switch to permanent coverage later without a medical exam.
Pros & Cons: Term Life
The Upside
Lowest initial cost. Excellent for temporary debts. Easy to understand.
The Downside
Coverage ends. No equity/cash value build-up. Renewing after the term is expensive.
Permanent Life Insurance
If Term is renting, Permanent Insurance is owning. These policies are designed to last your entire life and often include a cash accumulation vehicle. However, not all permanent policies are created equal.
Guaranteed UL
Often called "Term for Life."
Guaranteed Death Benefit
Minimal/No Cash Value
Lower Cost than Whole Life
The "Safety Net" Strategy
What it is: GUL is stripped-down permanent insurance. It focuses entirely on the death benefit guarantee (usually to age 90, 100, or 121). It does not aim to build wealth or cash value.
Who it's for: Clients who want to leave a legacy or pay estate taxes, but want the lowest possible permanent premium and don't care about using the policy for cash while they are alive.
IUL / UL
Indexed / UL
Flexible protection with growth potential.
Flexible Premiums
Market-Linked Growth (IUL)
Downside Protection (Floors)
The "Flexible Accumulation" Strategy
Universal Life (UL): Offers flexibility to adjust payments and death benefits. Interest is credited based on current rates declared by the insurer.
Indexed Universal Life (IUL): Takes UL a step further. Your cash value growth is linked to an index (like the S&P 500).
How it works: If the market goes up, you participate (up to a "Cap"). If the market crashes, your account is credited 0% (the "Floor"), meaning you don't lose principal due to market drops.
Whole Life
Traditional
The bedrock of stability.
Fixed Premiums Forever
Guaranteed Cash Value
Potential Dividends
The "Steady Growth" Strategy
What it is: The most conservative form of permanent insurance. The insurance company takes the risk, not you. Your premium is locked in for life, the cash value is guaranteed to grow, and the death benefit is guaranteed.
Who it's for: Conservative savers who view insurance as an asset class and want a safe, non-correlated asset to balance a risky investment portfolio.