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Life Insurance

Life insurance is an important part of a strong financial plan and can help you accomplish many objectives. Consider your long-term financial outlook. Without your contributions, would your family be able to meet your goals? Get peace of mind today with life insurance protection.

How does life insurance work?

In its most basic form, when you purchase a life insurance policy, you are entering into an agreement to pay premiums in exchange for coverage in the form of a death benefit to your designated beneficiaries. You can customize your policy through policy features and additional benefits based on your financial needs and goals.

Do I need life insurance?

If there is anyone who depends on you financially or would take on a cost if you were to die, then you need life insurance. Many of us think of spouses or children when it comes to beneficiaries, but even single people with no children have final expenses that would need to be addressed.

Term life or whole life insurance?

There are two main types of life insurance: term life and whole life. It is common to question which type of insurance is right for you. In the end, the question that should be answered is: Which one best meets your needs?

Why consider term life?

  • Cost-effective coverage compared to whole life
  • Ideal for coverage for a specific period of time
  • Supplement whole life insurance
  • Can be renewed at annually increasing rates without proving insurability
  • Option to convert to whole life insurance later
  • Income tax-free death benefit1
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Why consider whole life?

  • Lifetime2 coverage as long as premiums are paid
  • Tax-deferred growth of policy cash values
  • Liquidity through policy loans3
  • Can help supplement retirement income4
  • A stable financial asset on your balance sheet
  • Income tax-free death benefit1
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