Life Insurance: Term v. Permanent

life insurance - Bothun Insurance AgencyThere are two types of Life Insurance from Bothun Insurance Agency to choose from: Term insurance and Permanent insurance.

Term insurance provides coverage for a set period of time and is usually less expensive.

Permanent insurance, which includes Whole Life and Universal Life, covers a long-term need such as income for a spouse, legacy planning for children, or end of life expenses. It may cost more initially, but may accumulate cash value.

Sometimes a combination of Term and Permanent Life insurance from Bothun Insurance is ideal. Individual circumstances and future plans determine what Life insurance coverage is right for you.


Term Life Insurance:

  • Lower initial cost
  • Temporary coverage for personal or business needs
  • Generally renewable, or may be converted to permanent coverage


life insurance - Bothun Insurance AgencyWhole Life Insurance:

  • Good for young adults just starting an insurance program
  • Good for families needing protection and wanting to accrue funds
  • Guaranteed cash value


Universal Life Insurance:

  • Flexible coverage
  • Options for timing and method of premium payment
  • Coverage tailored to personal needs

Brands We Carry

Farmers - Bothun Insurance Agency