Protect your family's financial security
As life changes, so do your insurance needs. The intention remains the same—protect the financial future of the ones you love. But sometimes life gets in the way, and you forget to stop and plan for the unexpected.
Life insurance’s flexibility is often misunderstood. Some think it’s designed only to pay for funerals, while others believe it is overly complex. With a variety of options available, including term, whole life, and universal life, it helps to know how each type works, and which one best aligns with your current and future needs.
Whether you recently experienced a life event or just want to make sure you have appropriate coverage, our insurance strategists are here to provide unparalleled service and a full suite of life insurance and related solutions.
Types of life insurance
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Term life insurance: Provides low-cost life insurance for a set period — typically 10 to 30 years — making it ideal for temporary needs or large coverage at an affordable rate. It can often be renewed at higher premiums or converted to permanent insurance, and simplified issue options provide quick, no-exam coverage.
- Permanent life insurance: Offers lifelong coverage and potential tax-advantaged cash value growth, making it a valuable complement to your financial plan with benefits beyond just a death benefit.
- Whole life insurance: Provides lifelong coverage with guaranteed1 premiums, cash value growth, and a fixed death benefit — ideal for those seeking stability and predictable long-term protection.
- Universal life insurance: Offers flexible coverage and premium options. Careful funding and review are required to avoid policy lapse.
Uses of life insurance
Beyond protection, certain types of life insurance can also serve as a long-term savings tool, helping you accumulate wealth and build a financial legacy for future generations. See below for more information on life insurance based on personal or business needs.
- Affordable protection/covering essentials
- Personal: Income replacement, mortgage protection, final expense
- Business: Key person
- Wealth accumulation/ensuring lifestyle
- Personal: Cash reserve for tax-advantaged savings and liquidity
- Business: Executive benefits to retain and reward key employees
- Wealth preservation/preparing for the unexpected
- Personal: Supplemental retirement income, long term care/chronic illness protection
- Business: Buy-sell agreement
- Wealth transfer/leaving a legacy
- Personal: Legacy planning, charitable giving, estate liquidity
- Business: Succession and transition planning
Life insurance is more than just a safety net — it's a powerful tool to protect your loved ones and secure your financial future. With the right coverage, you can provide your family with confidence, knowing they'll be able to manage expenses, pay off debts, and maintain stability if the unexpected happens. Let us help you navigate your options and find the right solution to fit your needs today and tomorrow.
1All guarantees subject to the claims paying ability of the issuing insurer.
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