Life Insurance Services
We offer a wide array of life insurance services ranging from term, whole, universal and variable life policies.
- Term life
- Provides coverage for a set period, typically 10, 20 or 30 years
- Most affordable option for pure life insurance protection
- Some policies offer conversion to permanent insurance (i.e. whole life)
- Eligible policies have level premiums that remain constant over the term
- Whole life
- Offers lifetime coverage and typically matures (endows) at age 100
- May pay dividends, which can be used to enhance the policy or reduce premiums
- Builds guaranteed cash value that grows over time
- Access to cash value through withdrawals or policy loans
- Universal life
- Permanent life insurance with lifetime coverage
- Builds cash value like whole life, but with added flexibility
- Allows you to adjust your premium payments and death benefit as your needs change
- Variable life
- Combines lifetime coverage with investment options
- Fixed premium payments, but the death benefit and cash value fluctuate based on investment performance
- Cash value can be invested in various asset classes, such as stocks, bonds, mutual funds, and money market accounts
- Greater growth potential, but also carries market risk
Disclosures for the footer of this page: Fixed insurance offered through various independent insurance companies. Cambridge does not provide tax or legal advice.