Life Insurance

The main purpose of life insurance is to provide financial help to your family should you die unexpectedly. The money your dependents, such as your spouse and children, will receive from life insurance is called a death benefit.

Life insurance is an important financial resource which can be used to pay-off the mortgage, college tuition bills, and other debts. Income generated by the death benefit is designed to replace the income that would have been generated by your job.

Having a life insurance policy, protects your family from having to sell assets to pay outstanding bills. Your family will not have to pay federal income taxes on the proceeds of your life insurance policy.

LIFE INSURANCE BASICS

Do I need life insurance?

What is a beneficiary?

How can I locate a lost life insurance policy?

Where can I get additional information on life insurance?

BUYING A POLICY

How much life insurance do I need?

How is life insurance sold?

How do I pick an insurance company?

TYPES OF POLICIES

Are there different types of policies?

What are the advantages/disadvantages of term and permanent insurance?

Can I replace my old policy with a new one?

What is an annuity?

Are there any specialized types of life insurance?