Life Insurance

Life insurance helps protect your loved ones financially when you’re no longer there. There are many types of policies, but most fall into two main categories: term life insurance and permanent life insurance.

Term Life Insurance

• Provides coverage for a specific period of time (the “term”).

• Pays a benefit only if you pass away during that term.

• Often used to cover temporary needs, like until your children finish school or until your mortgage is paid off.

• Generally the most affordable type of coverage.

Permanent Life Insurance

• Provides lifelong protection as long as premiums are paid.

• Builds cash value you can borrow or withdraw from under certain conditions.

• Designed to stay in place long-term, making it more expensive than term insurance.

• Often used as part of a long-term financial or estate plan.

Which Type Is Right for You?

There’s no one-size-fits-all answer. The right choice depends on your:

• Financial goals

• Family needs

• Budget

• Long-term plans

Right f Next Step
The best way to determine how much coverage, and what type, you need is to meet with a licensed life insurance professional. They can help tailor a policy to protect your family and align with your financial goals.