A financial safety net
Help reassure your loved ones that they will be taken care of now and in the future.
What is life insurance?
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.
Starting a family
Help make sure the people you love are protected.Learn more
Buying a home
Term insurance can cover debts like a mortgage.
Protect your spouse and the plans you’ve made for the future.Learn more
What kind of life insurance is available?
There are 2 basic types of life insurance coverage: term and permanent. Each has unique features designed to meet different needs.
- Temporary coverage
- Lower cost
- Fixed payments
- Option to convert to permanent
- Lifetime coverage
- Higher cost
- Flexible payments
- Opportunity to build cash value
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.