Help reassure your loved ones that they will be taken care of now and in the future.
Life insurance provides whomever you choose with a one-time, tax-free payment when you die, as long as you continue to pay your premiums.
There are different types of life insurance, and different ways to make it work for you. It’s not only to protect your family. It can also be part of your financial plan, so you may be able to access money in your policy while you’re alive.
There are 2 basic types of life insurance coverage: term and permanent. Each has unique features designed to meet different needs.
Ideally, you want to make sure your debts are covered, so you don’t leave major expenses behind for your loved ones.
Here are a few things to consider:
- Your income
- Net worth
- Family needs
- Other insurance you have
It depends on the type of coverage you choose. Generally, term insurance is more affordable than permanent insurance. But there are a lot of factors that determine the cost of your policy, including:
With over 170 years of experience, we have a long history of financial strength and stability. Work with one of our advisors to make a plan that works for you.