Buying life insurance is important, and we’re here for you every step of the way. Learn what to keep in mind when purchasing coverage to protect your family.
What is life insurance?
Life insurance provides financial protection for your loved ones through a tax-free lump sum of money, called the death benefit, paid to your designated beneficiary, when you die. You can customize your policy to fit your family’s needs by choosing the type of policy you buy, the number of years you want it to last, your coverage amount, and which company you’d like a policy with. If you die while your life insurance policy is active, your beneficiaries can file a claim and the death benefit will be paid out to them.
Life insurance coverage offers affordable financial protection—and invaluable peace of mind—if your family members rely on you. The death benefit can be used to pay for expenses like a mortgage, utility and grocery bills, children's college costs, final funeral arrangements, long-term care, and more.
Ready to shop for life insurance?
