Frequently Asked Questions
Life Insurance Information & Benefits
No one wants to leave their family unprepared for the future. Planning today can protect the promise of your family’s tomorrow. Following is information about life insurance you need to consider
To Replace Lost Income
Most people buy life insurance as a means to replace income lost if something happens to them. Providing money for survivors is important, life insurance is a great answer. Depending on your coverage, life insurance benefits may even exceed your family’s needs after you’re gone.
To Pay Off Debt
Debt can be very burdensome to your family, especially without your income available to help repay it. Life insurance benefits can be used to pay off debt and help create more financial security for your family.
To Pay Final Expenses and Offer an Emergency Fund
Final expenses can be very significant, especially if there are large medical bills, funeral or legal expenses to pay. An emergency fund can cover unexpected bills such as emergency repairs to your home or car. Life insurance benefits provide cash that can be used to help your family cope in a time of distress.
To Help Pay for Your Children's Education
Educating children can be expensive and often requires a long-term strategy. Many people plan to contribute funds each year until they have enough money saved to pay all or some of their children's education costs. Unfortunately if something unexpectedly happens to you, there may not be enough time to set aside adequate funds for education. Life insurance benefits can help by creating a lump-sum of cash that you can count on to help pay part of your children's education costs.