Life Insurance

Life insurance provides financial protection for your family in the event of your passing. A life insurance policy is a contract stating that, as long as your premium is paid and the policy is active when you die, your beneficiaries will receive the death benefit payout. Your beneficiaries will receive money to use as they see fit, ensuring security in a difficult time.

In terms of coverage, some experts recommend carrying life insurance that’s 10 to 15 times your annual income, if you can afford to do so. Life insurance helps your life’s moments live on. Whether it keeps paying the mortgage, maintains a current standard of living, pays off debts or pays for college, the life insurance you choose can be there when it’s needed most by your loved ones.

There are two primary categories of life insurance: term and permanent. Term life insurance has a set timeframe (usually 10 to 30 years), making it a more affordable option. Permanent life insurance differs in that it lasts your entire lifetime. There are multiple types of permanent life insurance, including whole life, universal life, and variable life insurance. There’s also a specific type of whole life insurance called final expense or burial insurance that’s meant to cover end-of-life expenses.

Contact Us today to learn more about which option works best for you.