What Is Life Insurance?

Life insurance is not for you

It is for the loved ones you leave behind. It provides money to the people you choose after you die.

A $250,000 example

Imagine that you own a $250,000 policy and name your spouse as beneficiary. When you die and the claim is approved, the insurance company pays your spouse $250,000. The death benefit is generally paid income-tax-free.

Protect the people you love

• Replace income
• Pay the mortgage or rent
• Cover everyday bills
• Pay off debt
• Pay for childcare
• Save for education
• Cover funeral costs