Life Insurance
Coverage for those you care about
Bring comfort to those who depend on you by guaranteeing them a financial safety net.
A one-time tax-free benefit payment to your chosen beneficiary upon the death of the insured.
Choose between a range of coverage terms, payment terms, coverage amounts, and additional features.
Choose who you would like to receive the life insurance benefit.
What is life insurance and how does it work?
Life insurance provides coverage on the life of the insured. Should the insured pass away, the life insurance company will provide a tax-free lump-sum benefit payment to your chosen beneficiaries.
There are two types of life insurance available, term insurance and permanent insurance. Term insurance is temporary coverage for a set amount of years. Permanent insurance is coverage for life with an opportunity for tax-free growth within the policy. For both types of insurance you typically pay the same premium for the duration of the policy. That being said, with permanent insurance there are options to 'pre-pay' for your coverage in a shorter amount of time.
There are several types of coverage options that range in term, benefit amount, and additional features. An Insurance Specialist from our team will complete a needs analysis with you to help determine what options are best suited for your needs.
Factors that Influence Coverage Costs
