Everyone deserves a secure financial future — and that’s why life insurance is so important. Whether you’re just starting out or you’re getting ready to retire, a life insurance policy can help you give your family financial peace of mind if you are no longer there to provide for them.
Types:
Term Life Insurance
A term life insurance policy offers affordable, straightforward protection that lasts a defined period of time. Term life insurance is often the lowest-priced coverage option, but it is temporary. It is designed to help replace your income if you pass away during your earning years. Your family can use the death benefit to help pay for expenses like housing, child care, and groceries.
A tax-free death benefit, flexible policy lengths, affordable rates & payments, and flexibility to convert to permanent insurance.
permanent life insurance
Permanent life insurance is a type of life insurance policy that doesn’t expire as long as you continue to pay the premiums. It’s designed to last for your entire life, so you have a guaranteed way to leave behind financial support for those you choose. A permanent life policy can give you security for the rest of your life, and the ability to access funds if needed for major life events.
It provides a safety net or an inheritance for your family in the form of a death benefit that pays out after your death.
It allows you to accumulate savings that you can borrow against later in the form of a cash loan.
Living benefits payout some percentage of your death benefit to cover expenses related to LTC, terminal, or critical illness. Though using your living benefits reduces the cash benefit your beneficiaries receive, it helps you cover high end-of-life medical costs so that your loved ones don’t have to.
