Life Insurance

The prospect of planning for your family’s (or business’) life insurance needs may seem daunting. The array of confusing products available, coupled with the calculations needed to find the right amount of insurance, make those chores you have been putting off (cleaning out the attic, perhaps) seem a lot more appealing.

Yet the hard fact is that life insurance is an essential part of your family’s financial well-being. Life insurance isn't for you. It's for those who depend on you most. With the right planning, you can ensure that your loved ones will have the financial resources to go on living their dreams when you can no longer provide for them. Death benefits received by your family might be used to provide adequate income for the family, pay off the mortgage on the family home, cover final expenses such as medical bills, and ensure that your children are able to go to college.

And with a little information and forethought before you go to your agent, the better your coverage will be. If you don’t plan for your life insurance needs and have an agent who is looking out for your best interests, the result could be a waste of thousands of dollars on inappropriate or ineffective life insurance or, worse, financial hardship due to not having enough insurance.

Learn more about the four common types of life insurance products by clicking on the headings below:

Term Life Insurance - provides death benefit coverage at a guaranteed premium for a specific period of time.
Whole Life Insurance - provides both a guaranteed death benefit and guaranteed cash value for a fixed, or guaranteed, premium amount.
Universal Life Insurance - provides both a death benefit and the potential for accumulating cash value, which may be accessed to fund future financial needs.
Variable Universal Life Insurance - provides similar flexibility as a universal life insurance policy, except that the owner of a variable policy chooses where premium amounts will be invested.