Life Insurance -

Life Insurance,
For Those You Love

Would your loved ones be financially secure if you weren’t there?
Secure their future with dependable life insurance

What are the three main types of life insurance?

Term Life Insurance

Term life insurance is a type of life insurance policy that provides coverage for a set period and does not last forever, making it an ideal option for those needing temporary financial protection. It is designed to offer financial security to the insured’s beneficiaries in the event of the insured’s untimely death during the coverage period. Compared to whole life insurance, term insurance is generally more affordable and simpler to obtain, focusing solely on offering a death benefit without accumulating any cash value. This makes it a straightforward and accessible choice for those seeking basic life insurance coverage.

Whole Life Insurance

Whole life insurance is a type of permanent life insurance that provides lifelong coverage and does not expire as long as premiums are paid. It combines a death benefit with a savings component, allowing the policy to accumulate cash value over time. This cash value can be borrowed against or withdrawn under certain conditions. Whole life insurance is generally more complex and expensive than term insurance due to its permanent coverage and investment component. It is suitable for those seeking both a consistent insurance policy and an opportunity to build cash value as a part of their long-term financial strategy.

Life insurance coverage at a glance

Feature	Term Life Ins	Whole Life Ins
Coverage Duration	Lasts for a specified period and does not offer permanent coverage.	Provides lifelong coverage, and does not expire if premiums are paid.
Premiums	Generally lower and fixed during the term of the policy.	Higher than term life, but fixed for the life of the policy.
Cash Value	Does not accumulate any cash value.	Accumulates cash value that can be borrowed against or withdrawn.
Purpose	Ideal for temporary coverage needs, such as during child-raising years or covering a mortgage.	Suited for long-term financial planning, including estate planning and building cash reserves.
Complexity	Provides lifelong coverage, and does not expire if premiums are paid.	More complex, involving a cash value component and potential dividends.

Who is life insurance for?

Life insurance is for anyone who wants to ensure the financial security of their dependents and loved ones in the event of their untimely death. It is especially crucial for primary earners, parents, homeowners, and anyone with significant debts or financial obligations that could burden others after their passing.

What does life insurance cover?

Life insurance primarily covers the financial loss resulting from the death of the insured, providing a lump sum payment, known as a death benefit, to designated beneficiaries. This payout can help cover funeral expenses, settle debts, support living costs, maintain a family’s lifestyle, or fund future financial needs like children’s education or retirement savings for a surviving spouse.

Why should I consider life insurance?

You should consider life insurance as a crucial step in financial planning, providing peace of mind by ensuring your loved ones are financially protected in the event of your death. It helps manage financial risks, covering debts and ongoing living expenses, thus securing your family’s financial future and allowing them to maintain their standard of living.

Life Insurance,For Those You Love

Would your loved ones be financially secure if you weren’t there?Secure their future with dependable life insurance