Term life insurance doesn’t have any cash value for you to access, and essentially only offers your family or beneficiaries protection in the event of your passing.
This type of plan is ideal for a family with kids in the home, someone on a limited budget or to supplement an existing short term insurance need. Term life insurance is a less expensive choice that provides death benefit protection for a specific period of time and for a predetermined amount. There are two basic types of life insurance: Term Life and Permanent Life.
With life insurance, you can have peace of mind knowing that your family is protected. Policies can be tailored to your specific needs as a part of an overall financial strategy, or as stand-alone protection. Life insurance policies also have features and options that can protect you while you are living, which is why life insurance is a valuable planning tool for your financial future.
Life insurance can help ease financial pressure for your family in the event of an unexpected death.
