Financial security for you and your family
Term Life is one of the simplest, most cost-effective types of life insurance. Generally, it provides the largest immediate amount of protection for the lowest cost and pays a death benefit upon your death.
Term Life covers you for a set period of time, provided you pay the monthly premium, or in some instances, a lump sum in advance. The policy will pay to the named beneficiary the face amount of the policy (set benefit and/or lump sum) upon death of the insured within the stated term. Depending on the policy, it may also make payments upon terminal or critical illness.
Unlike traditional life insurance, final expense policies have a much lower face value because they are intended to only cover costs related to a person’s final expenses, and will protect your loved ones from the financial burden of funeral costs related to your passing. Final Expense policies require no medical exam and can often be purchased at low premiums that do not change. The policy pays a guaranteed set amount as long as you pay your premiums.