What is life insurance?

Life insurance is designed to provide financial security for the people you love. In exchange for your premium payments, the insurance company provides a death benefit to your chosen beneficiaries when you pass away. Some policies also include the ability to build cash value over time.

There are two main types of life insurance:

• Term Life Insurance – Provides protection for a specific period of time, such as 10, 20, or 30 years. It’s often chosen to cover needs that will eventually decrease or disappear, like paying off a mortgage or raising children.

• Whole Life Insurance – Provides lifelong coverage with level premiums. These policies also build guaranteed cash value that you can borrow against or use in the future.

Certain plans are available with simplified applications, making it easier to get coverage without a full medical exam.

Why do you need life insurance?

Life insurance is about protecting your family’s financial future. If something were to happen to you:

• It can help replace your income so your family can continue their lifestyle.

• It can help cover everyday expenses, debts, or future needs like college tuition.

• It can provide financial stability for the people who matter to you. 

Questions to ask your agent

Your Independent Agent is here to guide you in choosing the right type and amount of coverage. Here are a few things to consider as you prepare for the conversation:

• How much income would your family need to replace if you weren’t there to provide it?

• Do you want coverage that lasts for a certain period of time, or protection that lasts your entire life?

• Would you benefit from a policy that builds cash value you can access later?

• What premium fits comfortably within your budget?