Your family depends on you for emotional and financial support. So, if anything should unexpectedly happen to you, life insurance can help you keep your family safe and secure in the years ahead. Home ownership, childcare costs, financial help for aging parents – today’s workforce may be juggling multiple financial responsibilities. Our term life insurance, which can be matched to a period of time when you need it most, ensures that your family’s needs will be met.
Permanent life insurance (sometimes referred to as whole life insurance) provides protection for your entire lifetime in most cases. No matter when you die, as long as your premiums are paid, your beneficiaries will receive the proceeds, generally income tax free.
Permanent life insurance works best when the insurance need is long-term. With a guaranteed death benefit that will not decrease and a premium guaranteed not to increase, permanent life insurance can be less costly than term insurance. Permanent life insurance is flexible and gives you a series of options that can be changed as your life changes. You could even choose to stop paying premiums and change your policy to paid-up. Permanent life insurance allows you to make choices that fit best with your life.