In addition to covering your family's daily expenses, life insurance can help your beneficiaries:
- Maintain their standard of living
- Pay off any household debt
- Secure your children's education
- Supplement retirement savings
Life insurance essentially comes in two types: Term Life Insurance and Permanent Life Insurance.
If you want life insurance for a set period of time-long enough to meet your anticipated responsibilities to those who depend on you-Term Life Insurance may be right for you.
If you are looking for flexibility and lifetime coverage, some form of Permanent Life Insurance may make sense. Permanent Life Insurance also offers access to a cash value component which can be put to good use during your lifetime*.
Your employer may not offer all benefits. Please consult with your employer regarding your available benefits.