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”.