One of the greatest gifts you can give your loved ones is to remove some of their financial worries. The right life insurance policy means that even after you’re gone, you’ll still be there for them.
"Once you have a family—no matter your age—life insurance is absolutely essential. I didn’t want to think about that at the time, but lucky for me, my husband had."
Protecting What Matters Most
Life’s milestone moments usually require a promise—to love, cherish, guard and protect. Keep your promise, and insure your love.
Life insurance: Protection and Flexibility
What is Life Insurance?
A life insurance policy is a contract between you and an insurance company. Its main purpose is to provide a financial benefit (which is generally income-tax-free) to your loved ones if you die. The death benefit can:
Cover Funeral Expenses
Pay a Mortgage
Supplement Educational Expenses
Replace Lost Income
Protect the Value of an Estate
How does Life Insurance work?
With term and permanent life insurance, you make premium payments so that in the event of your passing, your loved ones and beneficiaries will receive the death benefit proceeds from the policy. Term insurance is for a specific period of time whereas permanent is for life as long as the premiums are paid.
Do I need life insurance?
If you have anyone that depends on you financially or if you don’t want to leave your loved ones with burial costs or debt, then the answer is yes. And if you’re just starting out and want to lock in an affordable rate for when you have a family, different types of life insurance can help with that, too.