What is life insurance?
As uncomfortable as it is to think about, imagine what standard of living your family would have if you were no longer with them. Could they still pay the mortgage? Pay for education? Buy groceries? Life insurance protects your family against the loss of income when you die. It helps pay for funeral costs, cover household expenses and secure your family’s financial future.
Many life insurance policies have riders that can be added to provide you with benefits you may use throughout your lifetime, called living benefit riders.
You may also be able to use your policy’s accumulated cash value to help fund your children’s education, assist with expenses if you become disabled, or supplement your retirement income.
