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Life Insurance

Protect what matters most in your life: your loved ones. With life insurance, you can help to ensure their financial needs are met, even after you’re gone. To start, there are two basic kinds: term and permanent. Deciding which type may be appropriate for you, depends on how you want your life insurance to work for your family. When you’re ready, we can help you determine the amount of protection you may need and the type of insurance that may best fit your goals.

  • Term Life Insurance
    This most basic and least expensive type of life insurance policy, allows you to buy coverage for a certain amount of time, such as 5, 10, 15, 20 or 30 years. If you pass away before the term is over, your beneficiary gets the benefit stated in your policy. If you live beyond the term, your policy expires. However, many term policies offer the option of extending your coverage for another coverage period, subject to certain restrictions and limitations.
  • Permanent Insurance
    This type of life policy never expires. As long as premiums are paid, it remains in force permanently. Premiums are usually based on your age at the time of purchase and generally remain level. In addition to providing a "death benefit," premiums are also invested to produce returns—adding cash value to your policy. You can even tap into this cash value by taking out a loan, withdrawal or surrendering your policy.