Life Insurance for Every Stage in Life

What are the benefits of having life insurance for a family with children?

If a spouse passes away, their paycheck will also go away. Life insurance benefits could help your family maintain a comfortable lifestyle. It will provide income protection and future college funding.

• Cash Value Accumulation
  This is a living benefit that permanent life insurance plans have; a savings element. A person can 'buy term and invest the rest', but people do not usually follow that advice.

• Final Expense Plan
  Small permanent life insurance plans can be used to fund final expenses. These may range from $10,000 to $15,000.

• Debt Elimination
  A person may have many different debts that need to be covered in the event of death, such as student loans, home mortgages, auto loans, business loans, etc.

• Mortgage Acceleration 
  In the event of death or disability it may be advantageous to pay off a mortgage with life insurance proceeds, i.e. mortgage protection.

• Income Needs
  If a wage earner becomes disabled, who will pay the bills? Disability Income benefits could.
  If a wage earner dies, who will pay the bills? Life insurance benefits could.

• Lifestyle Protection
  If a spouse passes away, their paycheck will not be there anymore, often leaving the surviving spouse to figure out a way to survive financially. Life insurance benefits could help the family maintain a comfortable lifestyle.

• Future Funding for Emergency
  The cash value in a permanent life insurance plan can serve as an emergency fund.

• Education Fund
  If a parent passes away before their children are grown, life insurance benefits can be used to fund their college expenses.

• Owner, Partner, or Key Executive Coverage for Business 
  Owner, partner, or key executive insurance is needed in the event of a sudden death, as it would have a large negative effect on the company's operations. The payout essentially buys the company time to find a new person or to implement other strategies to save the business.

 Benefits are only generally described here. Products may vary by state. Some products are not available in every state. Please read the policy for exact details on benefits and exclusions. If there is a discrepancy between the product as it is generally described here and the policy or rider issued to you, the provisions of the policy or rider will prevail.