Life Insurance
Life Insurance doesn't have to be complicated.
We make it easy.
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No one really wants to think about life insurance or their own passing. But, if someone depends on you financially, it's a topic worth discussing.
Life insurance is a way for people to make sure that their loved ones will be financially taken care of in the event of their death. It provides a death benefit to the beneficiaries designated by the policyholder, which can be used to cover expenses like funeral costs, outstanding debts, and living expenses. In simple terms, life insurance provides financial protection for your family in case you pass away unexpectedly.
Below you will find answers to questions you may already have, but having a conversation is the best way to make the most of your decision on whether or not life insurance may be a solution for you.
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Types of Life Insurance
Term Insurance
Provides coverage for a limited period of time, typically anywhere from 10-30 years. While the most cost effective form of insurance, this type of coverage expires after its period of time. This type of coverage is great for young families, those with limited financial obligations, or others who only need coverage for a specific period of time.
Permanent Insurance
Provides coverage for your entire lifetime. There are many forms of permanent life insurance, such as whole life and universal life, depending on your specific needs. However, all permanent life insurance includes some element of a cash accumulation portion that can allow for tax-deferred and potentially tax free growth. This type of coverage, while it can be perceived as more expensive than term insurance, can provide additional "living benefits".
