Protecting your family's financial future
Life insurance replaces your income, covers debts, pays for education, and gives your family peace of mind if something happens to you.
Why you need life insurance
Life insurance isn't optional if anyone depends on your income. A single breadwinner's death could force a family to sell their home or put a child's education on hold.
Coverage types
Term vs. whole life
Two paths to the same goal — choosing the right one depends on how long you need coverage and what you're trying to build.
Term Life Insurance
Covers you for a specific period — 10, 20, or 30 years. It's the most affordable option and the best choice for most families. If you die during the term, your beneficiaries receive the death benefit. If you outlive the term, coverage ends with no payout.
Whole Life Insurance
Covers you for your entire life. Much more expensive than term, but builds cash value over time. The high cost means it isn't right for everyone.
Coverage amount
How much life insurance do you need?
A common guideline: 10 to 12 times your annual income. Your real number depends on the questions to the right.
- ? How much debt do you have — mortgage, car loans, credit cards?
- ? How many years of income does your family need to replace?
- ? Do you have dependents in college or young children?
- ? Do you have final expenses to plan for, such as funeral costs?
A financial calculator or a conversation with our agents can help you determine your specific needs.
Getting life insurance with health issues
Having health conditions doesn't disqualify you from life insurance. Premiums will be higher, but coverage is available for most conditions. Work with an experienced agent who specializes in health-related cases.
Your beneficiary matters
Name a primary beneficiary and backup beneficiaries. Review your beneficiary designations after major life changes — marriage, divorce, children, or significant financial changes.
Timing
Most affordable when you're young
The difference in price between applying at 30 vs. 40 can be substantial — and it only grows from there.
Typical monthly premium for a healthy 30-year-old on a standard term policy.
Same coverage amount, a decade later — roughly double to triple the cost.