There are many different types of life insurance options:
Life insurance protects your plans – and your promises
The fear of the unknown – especially when it comes to your finances, family and future – is daunting. Life insurance can help give you a sense of security.
From term to permanent and everything in between, life insurance is a wise and caring way to help fulfill your promises.
Learn about different types of coverage and make your plan to start living life with less worry.
Why life insurance?
Life insurance is more than its death benefit. It can help fulfill your promises to the people who rely on you financially and emotionally.
Reasons to have it can vary, from covering funeral costs and transferring wealth, to supplementing retirement income and helping replace lost wages – just to name a few.
Types of Life Insurance
With so many types of life insurance – like term, whole and universal – how do you know which is right for you? Most importantly, it comes down to your values, needs and financial goals.
The key is to understand how the different types may meet your needs.
The industry has evolved dramatically over the last 10 years. It is no longer only the “You die, we pay” type of insurance. There is Term, Whole, and Universal (which ironically few people know about). They all have pros and cons and serve different purposes.
Types of Living Benefits?
On any of the above, there are now living benefits that you can use while you are alive. They fall into two major categories.