Life Insurance

Obtaining life insurance protects your spouse and children from potentially devastating financial losses if something were to happen to you. It provides financial security, aids in debt repayment, aids in the payment of living expenses, and aids in the payment of any medical or final expenses.

Life insurance provides cash when you need it most.

Your life insurance policy can deliver a specified sum of money when you need it. Upon your death, your family will receive your policy payout immediately and that death benefit is generally not subject to federal income taxes.

Guaranteed protection

If you have a family, a business, or others who rely on you, the whole life insurance benefit acts as a financial safety net. Your beneficiaries will receive a lump-sum payment that is guaranteed to be paid in full when you die (provided all premiums are paid and there are no outstanding loans). It's critical protection that you can rely on to be there for your loved ones when they need it the most.

Income replacement
Imagine what would happen to your family if the income you provide suddenly disappeared. With whole life insurance, you can help make sure that your loved ones have the money they need to help:

>  Pay the mortgage

>  Afford childcare, health care or other services

>  Cover tuition or other college expenses 

>  Eliminate household debt

Tax-free benefit

Your beneficiaries will be able to enjoy every penny you leave them. That’s because the benefit of a life insurance policy is generally passed along federal income tax free.

Guaranteed cash value growth

As you pay your premiums, your Whole Life policy builds cash value that is guaranteed to grow—tax deferred—and can help meet a variety of financial goals: 

>  Supplement retirement income

>  Fund a child or grandchild's education

>  Pay off a mortgage 

>  Protect existing assets