Pays for funeral and burial costs
Covers outstanding medical bills
Prevents loved ones from taking on debt during an emotional time
Life Insurance is about protection
Life insurance is about protection — protection for the people you love most. It ensures your family isn’t left with financial stress during an already emotional time. From covering final expenses to preserving savings and income, the right coverage helps safeguard the legacy you’ve worked hard to build. It’s not just a policy — it’s peace of mind for the future.
Common uses For Life Insurance
Covering Final Expense
Income Replacement
Leaving a financial legacy
Provides inheritance for children or grandchildren
Supports a surviving spouse’s financial stability
Allows gifts to churches or charitable organizations
Term or Whole life coverage?
Provides lifelong coverage as long as premiums are paid
Offers permanent life insurance protection with potential for tax-advantaged cash value growth
Allows access to accumulated cash value through loans or withdrawals for retirement or other financial needs*
Delivers stable, predictable premiums and a guaranteed death benefit for long-term security
Replaces lost household income
Helps cover mortgage or rent payments
Keeps everyday living expenses on track
Provides coverage for a specific period of time
Pays a guaranteed death benefit with no cash value component
Typically one of the most affordable types of life insurance
Ideal for families whose debts and income replacement needs exceed their current savings
*Withdrawals and loans will reduce the cash value and death benefit of the policy.
When Do I Need Life Insurance?
Major life events can significantly impact your life insurance needs. You may want to consider layering policies to increase coverage during key seasons of life — such as raising children, paying off a mortgage, or launching a business. As responsibilities change, your protection strategy should evolve with them.
Life Insurance Trigger Events
Getting Married
When a child enters the picture, priorities shift overnight. Parents want to protect their child’s future — from everyday expenses to long-term education costs. Life insurance provides stability and peace of mind during life’s most important season.
starting/ growing a business
Business owners carry more than personal responsibility — they carry payroll, debt, and long-term obligations. If something happens unexpectedly, the business and the people who depend on it can be affected. Proper coverage helps protect both family and enterprise.
Having a child/ grandchild
When a child enters the picture, priorities shift overnight. Parents want to protect their child’s future — from everyday expenses to long-term education costs. Life insurance provides stability and peace of mind during life’s most important season.
Experiencing a health scare
A personal diagnosis or the loss of someone close can change perspective quickly. It’s often the moment people realize how fragile health can be. Reviewing coverage while you’re still insurable can make a significant difference.
buying a home
A mortgage is often the largest financial commitment a family makes. If one income disappears, the payment doesn’t. Life insurance can help protect your home and give your family the ability to stay where they feel secure.
approaching retirement
As retirement nears, protecting fixed income and avoiding burdening loved ones becomes a priority. Many families underestimate final expenses and end-of-life costs. Life insurance can provide financial relief and protect the legacy you’ve worked hard to build.
-
Life insurance is a contract with an insurance company to purchase a lump sum payment (death benefit) to be dispersed to a beneficiary when the insured dies. The primary types of life insurance are whole (permanent lifetime coverage) and term (coverage for a certain number of years).
-
Life insurance works by providing a death benefit if the insured dies during the policy period. Permanent life policies offer lifetime coverage; term policies cover only a certain timeframe. In all cases, the value of the death benefit is designed to exceed the cost of the policy.
-
Life insurance policies vary significantly in price – from a few hundred to thousands of dollars – depending on a number of factors. The type of insurance purchased, amount of the death benefit, age and health of the insured, and options or riders all factor into cost.
-
You may need life insurance if someone would be financially impacted by your passing. If your income helps support a spouse, children, a mortgage, or other obligations, coverage can help protect them from financial hardship. It’s also worth considering if you want to ensure final expenses are covered or leave a financial legacy behind.