Plan for the Unexpected
Life Insurance
Help Protect the People Who Matter Most
Life insurance can be a safety net from the unexpected, or it can be the foundation of a smart financial plan, giving you more financial flexibility for the things that are important during your life like paying for college, growing your business, and having more income in retirement.
With a life insurance policy, you’re prepared for the worst but can plan for the best.
Term Life
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Coverage for a specific length of time
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Level premiums
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Expires when term ends
Whole Life
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Coverage that lasts your entire life
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Level premiums
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Builds cash value
Universal Life
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Coverage that lasts your entire life
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Flexible premiums
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Builds cash value
Life Insurance FAQ
Life insurance can protect your family and loved ones, even after you pass away. Rather than leaving your family with existing debt, funeral costs and other everyday expenses, they’ll receive a tax-free benefit or payout that provides financial security and stability.
The amount of coverage you need depends mostly on where you are in life and how many people rely on your income. In general, the younger you are, the more coverage you’ll need to compensate for the years of potential wage-earning ahead of you.
You might be just starting out, raising a family, or preparing for your golden years—as long as you have loved ones you want to protect if you pass away, life insurance can help.
- Cover the rising cost of funeral expenses
- Replace lost wages
- Pay off debt
- Provide for a college education
- Leave an inheritance
The cost of life insurance depends on your specific situation. Many factors are considered such as your age and medical history. Generally, the younger and healthier you are, the more affordable your life insurance can be.
More than half of Americans overestimate the cost of life insurance by nearly 300%. In other words, life insurance is a lot cheaper than most people expect.
Life insurance through your employer is not portable, so it won’t come with you if you leave the job. Also, the amount of coverage is often not enough to meet most people’s protection needs.
The unexpected can happen at any age, and rates go up as you get older. Buying a policy when you’re younger lets you lock in a lower rate.
