LIFE INSURANCE

No matter what your current stage of life, there are always financial obligations that need to be addressed. Even if you recently graduated from college and are starting your first career job, it is important to think about the benefits life insurance can offer. For example, if you have a lot of college loans, upon whose shoulders would they fall if you weren't here to pay back your debt? Or maybe you are a single mother of two young children - who would care for them if something happened to you?

 

Types of Life Insurance:

There are basically two primary kinds of life insurance: term and permanent. Term life insurance offers basic, low-cost protection designed to cover the possibility of death for a defined period of time - for example, 10, 15, 20, or 30 years. It is an attractive life insurance option for those with short-term needs. As long as premiums are paid on time, if you die within the specified term period, then your beneficiary receives the death benefit. However, no benefit is paid beyond the end of the term period. Because a term life insurance policy does not accumulate cash value, it is one of the simplest and least expensive kinds of life insurance coverage available.

 

Senior Life:

Peace of mind takes planning - This traditional whole life insurance policy can pay a cash death benefit to your beneficiary to help ease the financial burden on your family members during their time of loss. As a Senior Life policyholder, you may avoid costly estate settlements or probate fees and make sure your wishes are respected after you are gone.