Life Insurance


A financial safety net

Life Insurance coverage should reflect the dynamics of a client's life. Term life insurance is often the right choice for many people because it's less expensive for a given preset time period. Permanent life insurance, like whole and universal, is more suitable for complex financial situations. There are even more types of life insurance, each with benefits, drawbacks, and unique properties. Trust Calderwood to help you choose a policy that fits your needs.

  • Term Insurance -Term life insurance guarantees payment of a stated death benefit to the insured's beneficiaries if the insured person dies during a specified term.
  • Whole Life Insurance - In addition to paying a death benefit, whole life insurance also contains a savings component in which cash value may accumulate.
  • Universal Life Insurance - Permanent life insurance with an investment savings element and flexible, low premiums that are like those of term life insurance.
  • Index Universal Life Insurance - Offers the possibility of cash accumulation in an equity account while still providing a death benefit with the flexibility of adjustable premiums.
  • Variable Universal Life Insurance - built on traditional universal life insurance policies but have a separate subaccount that invests the cash piece in the market with a maximum cap as well as a floor (usually 0%) on the returns that the investment part receives.
  • Guaranteed Universal Life Insurance – A contractual guarantee of life insurance for a specific period of time, past normal term insurance age limits, up to age 121.


Guarantees are subject to the claims-paying ability of the insurance company and surrender charges may apply if money is withdrawn before the end of the contract.