Term Insurance is generally the least expensive and least complicated type of life insurance. It provides insurance protection at a low cost for a specified period of time, such as 10, 15, or 30 years. If you die within the term period, a death benefit is paid to your beneficiary. If you are still living at the end of the term, protection ceases unless the policy is renewed. There is no "accumulation" element, or cash value with term insurance.

Whole Life is the most basic type of permanent life insurance. Depending on your age and health, your premium will purchase a specific death benefit and produce a specific cash value, which are guaranteed for the life of the policy as long as your premiums are paid. Whole Life premiums, while higher than term premiums, are guaranteed not to increase. In addition, Whole Life policies can earn annual dividends which are based on Insurance company's investment, mortality, and expense experience. Dividends are not guaranteed.

Universal Life is a type of whole life insurance. It is a mix between term insurance and a savings fund, and it earns interest at a money market rate. You pay a yearly fee for this insurance coverage, which includes a cost of managing the policy. Funds not paying for insurance earn tax-deferred interest. Universal life insurance is a flexible permanent policy. The flexible premium and flexible death benefit allows individuals and businesses to make changes to the policy as their financial needs change.

Variable Universal Life insurance policy offers a choice of death benefit guarantees and investment opportunities. It provides money for your family or other beneficiaries if you die, and money for you while you're living. It gives you the choice of allocating your net premiums to dozens of mutual fund options, including a Fixed Account. Since the policy's cash value will vary with the performance of the particular funding option(s) chosen, there are no cash value guarantees. However, there is a greater potential for growth. The more conservative Fixed Account does provide cash value guarantees.

Etech's Asset Management team provide professional advises to tailor your financial needs. Etech also represents several major insurance companies with products to build up your financial plan and to secure your family. The financial wealth companies we represent include: Allianz, MetLife, Nationwide, Pacific, Transamerica, Travelers, USAllianz.