Life Insurance
A life insurance policy is an easy way to set aside funds for your family to continue to maintain their standard of living even after you have passed. So, in exchange for premiums (payments), the insurance company provides a lump-sum payment, known as a death benefit, to a beneficiary(s) in the event of the insured’s death. It is never too late to look into life insurance and it is vital to do so to protect your family.
By purchasing a Life Insurance Policy you can help your family:
Continue to pay the home mortgage.
Maintain their standard of living.
Pay off debts, estate taxes, final expenses, etc.
Create a fund for a grandchild's college education.
Create a fund for a family member with special needs.
There are many varieties of life insurance — contact us and we'll help explain your options, provide illustrations, and help you determine which would be the best for your needs.
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Life Insurance FAQs
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It depends. A life insurance needs analysis will say you need anywhere from 20 times your salary when you’re young and starting a family to simply your burial expenses when you are older.
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Term life insurance provides a death benefit for a specified period of time, known as the “term.” Permanent life insurance is designed to cover you for the rest of your life, as long as you continue to pay the monthly premiums. There are several types of Permanent life insurance including Whole Life and Universal Life.