Insurance

Your family is your top priority. While your financial needs, goals, and dreams will change over time, making sure your loved ones are protected will always be of the utmost importance. Life insurance can help provide peace of mind, potentially safeguarding you and your loved ones from the unexpected. 

Life insurance provides a tax-free death benefit to beneficiaries upon the death of an insured person. 
Beneficiaries can use the money however they wish - to pay final expenses, reduce debt, cover medical bills, and pay everyday living expenses like childcare, groceries, rent, or mortgage payments.

While nothing could replace you, life insurance can ease the financial burden caused by an untimely loss.
Life insurance proceeds can also help your loved ones maintain their lifestyle and help build their future – such as continuing a hobby, removing the overhang of a mortgage, funding a college education or saving for retirement.

There are two main categories of life insurance policies: term and permanent. Below we describe both to help you understand the main features of each and how they compare.

Term life insurance is an affordable choice that generally provides coverage for a set period of time. The premiums — or regular payments you make — are the same throughout the specified time period. Term policies don't offer the potential for cash value accumulation and typically expire at the end of the specified period.

Permanent life insurance may provide coverage for your entire life and offers the potential to accumulate cash value tax-free. This cash value can be used on a tax-preferred basis throughout your lifetime for expenses like travel, college tuition or supplemental retirement income.

Provides guaranteed protection for your entire life and fixed cash value growth.

Provides the potential for protection for your entire life, while offering the flexibility to change your premium or death benefit amounts.