Life Insurance

In the event of your passing, life insurance provides money income tax-free directly to your beneficiaries. They can use the money for whatever they need, such as:

  • Making up for your lost income
  • Funding a child’s education
  • Paying off household debt
  • Paying for your funeral and other related expenses

Term Life Insurance Basics

Term Life Insurance provides a cost-effective solution for your temporary life insurance needs and gives you the flexibility to change your policy should your temporary needs turn into permanent goals.

  • An affordable way to get maximum coverage.
  • To cover specific financial responsibilities like a mortgage or college expenses.
  • To supplement your Permanent Life Insurance during periods when coverage needs are higher, such as family-growing, mortgage-paying years.

Some things to consider about Term Life Insurance:

  • There is no cash value accumulation.
  • Continuing your coverage after the initial level premium-paying term expires can be very expensive.

Permanent Life Insurance Basics

Permanent life insurance is flexible and gives you a series of options that can be changed as your life changes. You could even choose to stop paying premiums and change your policy to “paid-up”. Permanent life insurance allows you to make choices that fit best with your life.

  • Protection to last as long as you need it, perhaps a lifetime.
  • A good foundation of traditional insurance.
  • To commit to paying an ongoing level premium.
  • To build cash values with a conservative approach.
  • The option to change your policy to “paid-up”.