Life insurance takes care of the financial needs of the people you care most about should something happen to you. The proceeds of your life insurance policy can pay off your mortgage, put your kids through college, pay off other financial commitments or be used to pay any potential estate taxes so your family can move forward with fewer financial concerns.
We understand that talking about life insurance can be difficult, but every responsible adult should have coverage to help their family when they are no longer there to support them.
There are basically two types of life insurance:
Term life insurance is life insurance coverage for a specified term — whether it’s 10 years, 15 years, or 20 years. These policies typically don’t accumulate cash value and pay your beneficiary in the event of your death during that specified period of time.
Permanent life insurance is active until the policy matures or death occurs as long as the owner pays the premium. It accumulates cash value from which the owner can borrow, or he/she can receive the surrender value, if needed.
There are many variations of both types of policies, as your insurance expert we can help you sort through all of the options and find the perfect policy at an affordable premium to satisfy your financial goals.