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What is life insurance?

Life insurance provides whomever you choose with a one-time, tax-free payment when you die, as long as you continue to pay your premiums.

There are different types of life insurance, and different ways to make it work for you. It’s not only to  protect your family. It can also be part of your financial plan, so you may be able to access money in your policy while you’re alive.

Starting a family

Help make sure the peopke you love and protected.

Buying a home

Term insurance can cover debts like a morgage.

Getting married

Protect your spouse and the plan you've made for the future.

Family Meal

What kind of life insurance is available?

  • There are 2 basic types of life insurance coverage: term and permanent. Each has unique features designed to meet different needs.

  • Term insurance

  • Temporary coverage

  • Lower cost

  • Fixed payments

  • Option to convert to permanent

  • View term life insurance

  • Permanent insurance

  • Lifetime coverage

  • Higher cost

  • Flexible payments

  • Opportunity to build cash value

  • View permanent life insurance

How much insurance coverage do you need?

Ideally, you want to make sure your debts are covered, so you don’t leave major expenses behind for your loved ones.

Here are a few things to consider:

  • Your income

  • Net worth

  • Family needs

  • Debt

  • Other insurance you have 

How much does life insurance cost?

It depends on the type of coverage you choose. Generally, term insurance is more affordable than permanent insurance. But there are a lot of factors that determine the cost of your policy, including: 

  • Age

    Generally, insurance is less expensive when you’re younger.

  • Health

    Family history, chronic diseases and lifestyle can increase costs.

  • Gender

    Women live longer than men on average, so insurance may cost less.

  • Occupation

    If you have a dangerous job, your insurance costs can be higher.

Family Picnic
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