Life Insurance

   LIFE IS A JOURNEY, NOT A DESTINATION 

Many people think that is only for those with families. While it is true that life insurance can help provide for the needs of dependents when you pass away, it's also important for someone starting out - or for someone who's starting over.

There are many different kinds of life insurance for many different kinds of protection needs. Term is the most basic kind of life insurance. It provides affordable protection for a pre-defined period of time, so it is often used to serve temporary protection needs.

Permanent life insurance, on the other hand, is used when protection needs are more long term. There are many kinds of permanent life insurance, each of which has unique features that make it appropriate for certain situations. The two main categories of permanent life insurance are fixed and variable. Fixed life insurance products accumulate cash value at a pre-defined, guaranteed minimum interest rate** while variable products accumulate cash value on a variable basis. Variable life insurance contract holders are subject to investment risks, including the possible loss of principal invested.

Universal life gives you flexibility to increase or decrease coverage and payments as protection needs change. (Note: Increasing protection requires additional underwriting and there is a required minimum necessary to sustain your policy.) Variable universal life is similar to universal life, but cash value accumulates on a variable basis rather than a fixed basis.

Survivorship life, often known as Joint Life, is a life insurance policy that covers two individuals and provides a life insurance benefit after the death of the last surviving insured. Joint life policies can be whole life, universal life, or variable universal life.

You can use our Life Insurance Calculator in the Calculators section to learn how much life insurance coverage you may need.

**Guarantees are dependent upon the claims-paying ability of the issuing company.