What is Life Insurance?
A multi-purpose financial planning tool
Life insurance is designed primarily to protect your family’s financial security after you die. But some types of life insurance can also help you build assets to meet your needs during your lifetime. So it’s a useful addition to any financial plan – because it can serve different functions within your overall investment strategy.
Security for your family should something happen to you
Life insurance can help:
- Pay off your debts and taxes after your death
- Allow your family to maintain its standard of living
- Support your dependents’ goal and dreams
- Provide immediate access to cash
Life Insurance: is not a deposit of any bank ▪ is not FDIC insured ▪ is not insured by any Federal Government Agency ▪ is not guaranteed by any bank or savings association
Types of Life Insurance
- Term Life Insurance
- Universal Life Insurance
- Variable Life Insurance*