Life Insurance

Choosing a life insurance policy can be overwhelming because it forces us to think about something we really don’t want to happen: the effects on our family or loved ones once we die. 

Those who buy life insurance do so to help ensure their loved ones are taken care of financially. It is a promise by an insurance company to pay those who depend on you a sum of money upon your death. In return, you make periodic payments called premiums. Premiums can be based on factors such as age, gender, medical history and the dollar amount of the life insurance you purchase.

In the event of your passing, life insurance provides money directly to the individuals you select, your beneficiaries, who can use the money as they see fit, including:

• Covering basic living expenses
• Replacing lost income
• Funding a child’s education
• Paying household debts, estate taxes and funeral expenses
• Supplementing retirement savings