Financial protection for the people who depend on you
Life insurance helps ensure your family can maintain stability by supporting income replacement, debts, and future expenses if you're no longer there.
Why life insurance matters
If others rely on your income, life insurance helps reduce financial disruption during an already difficult time.
Coverage options
Term vs. whole life insurance
Two different structures designed for different financial goals and time horizons.
Term Life Insurance
Provides coverage for a fixed period such as 10, 20, or 30 years. If the insured passes away during the term, a death benefit is paid to beneficiaries. If the term ends, coverage stops unless renewed or converted.
Whole Life Insurance
Provides lifetime coverage and includes a cash value component that grows over time. It is typically used for long-term planning needs rather than short-term protection.
Coverage amount
How much coverage is right?
A commonly used guideline based on annual income, adjusted based on personal obligations and goals.
- ? Outstanding loans such as mortgage or credit obligations
- ? Number of years your family may need financial support
- ? Education or long-term needs for dependents
- ? Final expenses and other one-time costs
A consultation or basic coverage calculator can help refine the right amount for your situation.
Coverage with medical conditions
Many health conditions do not prevent you from getting coverage. Premiums may vary depending on risk factors and policy type.
Keeping your policy updated
Review beneficiary designations after major life changes such as marriage, children, or financial shifts to ensure your policy reflects your current wishes.
Timing
Costs are lower when you start earlier
Premiums are primarily influenced by age and health, so earlier planning generally results in lower costs.
Example estimate for a standard term policy with typical coverage levels.
Same coverage later in life generally results in higher premiums.