A financial safety net
Help reassure your loved ones that they will be taken care of now and in the future.
Starting a family
Help make sure the people you love are protected.
Buying a home
Term insurance can cover debts like a mortgage.
Protect your spouse and the plans you’ve made for the future.
What kind of life insurance are available?
There are 2 basic types of life insurance coverage: term and permanent. Each has unique features designed to meet different needs.
How much insurance coverage do you need?
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
How much does life insurance cost?
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:
Generally, insurance is less expensive when you’re younger.
Family history, chronic diseases and lifestyle can increase costs.
Women live longer than men on average, so insurance may cost less.
If you have a dangerous job, your insurance costs can be higher.