Help protect your family’s future. Enter your zip code to get your free quote today!

Get Your Free Quote

What is the Point Of Life Insurance?

Life insurance can help provide financial security to your loved ones if you were to die unexpectedly. If your claim fulfills the terms of the policy, your beneficiaries will receive a death benefits that can help replace lost income and pay expenses.

Life Insurance Overview

The two main types of life insurance are term and permanent (whole). A term policy provides coverage for a specific period of time — usually between five and 30 years. Permanent life insurance stays in effect until the policyholder dies and can accumulate cash value.

Life insurance companies charge premiums that may be based on many factors, including, but not limited to: 

  • Age
  • Use of tobacco, alcohol or other drugs
  • Pre-existing medical conditions
  • Physical exam results

Benefits of Life Insurance

When deciding the life insurance policy type and coverage that is needed, consumers may want to consider the following criteria:

  • Is the payout a sufficient income replacement for a primary provider?
  • What lifestyle needs should be considered?
  • Will the payout be enough to support the beneficiary/family?

In the event of the death of the policyholder under the specified policy terms, beneficiaries may choose to use financial proceeds to cover many areas, including:

  • Funeral costs
  • Mortgage payments
  • College tuition
  • Child care services
  • Debt obligations
  • Health care costs

Life Insurance to Protect Your Family

Are you ready for a life insurance policy to fit your lifestyle and protect your family? Connect with a licensed life insurance agent by calling 1-800-966-7169 or request free policy quotes online today. 

*Applications for insurance may be subject to acceptance by insurer. Rates and coverage amounts will depend upon the carrier selected.

Help protect your family’s future. Enter your zip code to get your free quote today!

Get Your Free Quote

Related Information

Group Term Life Insurance Benefits and Plans

Group term life insurance is offered by an organization to its employees as a benefit. The benefits help protect your loved ones financially if you pass away.

Read More

Life Insurance Explained

Life insurance policies protect you against a worst-case scenario—passing away while your loved ones depend on your income.

Read More

What is a Life Insurance Policy? Benefits and Basics

Life insurance helps ensure your loved ones and dependents are financially secure if you pass away.

Read More

Why Do I Need Life Insurance?

If you are starting a family, or own a home or business, a life insurance policy can help ensure your loved ones are protected if you die unexpectedly.

Read More

Term Life Insurance: An Overview of Coverage

Term life insurance covers you for a set period of time that can last anywhere from one to thirty years. Learn more about term life insurance benefits.

Read More

Why Buy Level Term Life Insurance?

Level term life insurance policies have predictable and level premiums. Learn more about how you can help protect your family's financial future.

Read More

Life Insurance Options for the Elderly

Life insurance can be a helpful way for the elderly to help protect their loved ones financially, from minimizing estate taxes to helping cover funeral costs.

Read More

Why Have Life Insurance?

Find out why it is important for you to have life insurance with these 7 simple reasons. Help protect your family from financial instability after you're gone.

Read More

5 Things to Know Before Buying Life Insurance

A life insurance policy is key to making sure your loved ones are protected after your death. Here are 5 things to look for when buying life insurance.

Read More