What is a life insurance policy?
Life insurance provides financial protection for your family in the event of your passing. Your beneficiaries will receive money to use as they see fit, ensuring security in a difficult time.
When to get life insurance
Anytime is a good time, but these life events are especially important.
- If you were just married
- You bought a new home
- You’re expecting a new baby
What are the 3 types of life insurance?
Life insurance options at a glance:
Term life insurance
Affordable coverage to meet your temporary needs. You'll receive a guaranteed death benefit for the term you choose, and your payments are guaranteed to remain level for the length of the term.
Whole life insurance
Gives you level premiums, strong guarantees, and valuable protection. It can also build cash value, which you can access through loans.
Fixed annuities/fixed income
With a Single Premium Deferred Annuity (SPDA) or Fixed Indexed Annuity (FIA), you make just one lump-sum premium payment in exchange for a guaranteed stream of income for your retirement years.
What is the best life insurance for me?
Each type of life insurance is designed to meet different needs. Get more detail about what’s included in each option to understand which may be right for you and your family.