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Life Insurance

Why is having enough Life insurance protection important?

Because you’d want your loved ones to be able to meet financial obligations if something should happen to you prematurely.

If you have a spouse/domestic partner and/or children, they may rely on you to help keep the household running. One third of surviving spouses surveyed do not feel at all financially secure in the year following their spouse’s death, and many used life insurance proceeds to meet basic needs.1 It is important to take steps to make sure your family would be financially prepared if you were no longer there to handle expenses like:

  • Food
  • Mortgage or rent payments
  • Transportation
  • Insurance premiums
  • Utilities
  • Child care/education fees

Covering everyday living expenses and household bills is just one part of the life insurance equation. Without enough life insurance coverage, a premature death is more likely to exert a major or devastating impact on financial security, lifestyle and savings.1 Many families would probably have trouble keeping up with longer term expenses like:

  • College tuition
  • Wedding expenses
  • Child or aging parent care
  • Retirement

It’s also important to consider life events that could cause you to need more protection as your financial commitments and lifestyle change. Getting married, having children, buying a home — these are all events that could call for adding more life insurance protection to your portfolio.

Life Insurance can help protect your family

Take control of your life insurance coverage so you’ll have the right protection in place for you and your family at all times.