Understand the Benefits of Owning Life Insurance

The benefits are clear and simple. Having life insurance coverage today gives you the peace of mind that your loved ones will be cared for financially in the event of your death. Life insurance allows you to plan for and meet your financial obligations for a specific period of time (e.g. the number of years left on a home mortgage or business loan, or until your children are through college and self-supporting). Term life insurance, for example, is an affordable way to protect your family’s financial future. You can purchase the amount of protection specific to your financial needs and circumstances.

Life Insurance Helps to Support Current and Ongoing Expenses

Your designated beneficiaries can use the proceeds from your life insurance policy to pay immediate expenses, such as:

• Funeral costs

• Medical bills

• Final estate settlement costs

• Taxes

• Legal fees

• Outstanding household or business debts, including the mortgage

• Food

• Clothing

• Utilities

Life Insurance Helps Secure Your Family’s Future

The proceeds from your life insurance policy can help your family with future financial obligations, such as:

• Ongoing living expenses

• College tuition

• Retirement fund for spouse

• Business sustainability