Do I Need Life Insurance?

If anyone is depending on your income or if you have obligations (debt, mortgage, etc.) that would fall to someone else to handle if you were to die, then the answer is, "Yes." Life insurance ensures financial stability, giving you and your loved ones confidence in the face of life's uncertainties.

Life insurance acts as a substitute for income. Have you ever calculated how much you'll earn in your lifetime? Typically, over the course of your working years, the answer is usually "a fortune." The potential risk of losing that earning power – earnings you'll need to fund your family's biggest goals like buying a home, paying for your kids' education, reducing debt, saving for retirement, etc. – especially at the early or mid-point of those years, is what makes life insurance a necessity for most people.

Why Term Life Insurance?

Term life insurance provides coverage for a specific period of time, or "term" of years. Suppose the insured person dies within the "term" of the policy and the policy is still in force (active). In that case, the death benefit is paid out to the beneficiary.

Term life insurance, with its unique features, typically allows clients to initially purchase more insurance coverage for less money (premium) than other kinds of life insurance. This flexibility empowers potential buyers and puts them in control of their financial decisions.