What is life insurance?

Life insurance offers financial protection for your family and or beneficiaries when you die. Some policies also accumulate cash value, offering a living benefit that can be used for supplemental retirement income, funding for a child's education or cash for emergencies.

Who needs life insurance?

So much depends on your needs and your income. If you have loved ones who rely on you for their financial well-being, life insurance helps ensure that their financial future will be taken care of.

What is covered under a life insurance policy?

There are many types of life insurance policies that offer a variety of features and benefits. The basic principle of a life insurance policy is that it pays your beneficiary a specified amount of money when you die in exchange for regular payment of premiums.

What are the different types of life insurance?

Term Insurance

10 year to 30 Year Level Premium Term Insurance provides affordable temporary life insurance protection. Term insurance is pure insurance protection. With Level Term Insurance you can choose a level premium payment period anywhere from 10 through 30 years. The premiums are guaranteed to remain level for the payment period selected.

Whole Life Insurance

Whole life insurance provides protection for a lifetime as long as the policy is in force. It offers guarantees that you can’t find in other forms of life insurance, including guaranteed premiums that will not increase, a guaranteed death benefit and guaranteed cash value growth.

Universal Life Insurance

Universal life insurance provides lifetime death benefit protection along with flexibility that gives you choices as your needs and finances change. It offers options such as coverage amounts that may be increased or decreased, and premiums that you can vary based on your finances as long as there is enough money in the account to pay for the monthly insurance and administrative charges.

Survivorship Life Insurance

Survivorship life insurance covers the lives of two individuals with one policy. It pays a death benefit after both insured’s have died. The cost for this policy is usually lower than the cost of two individual policies.