Buying life insurance protects your dependents after you. It provides financial security, helps to pay off debts, helps to pay living expenses.
Life insurance can give you lasting peace of mind in terms of the assurance that you have provided a legacy.
Some of the most common reasons for buying life insurance include:
Guaranteed protection
If you have a family, a business, or others who depend on you, the life insurance benefit of a whole life policy acts as a financial safety net. When you die, your beneficiaries will receive a lump-sum payment that is guaranteed to be paid in full (provided all premiums are paid and there are no outstanding). It’s essential protection that you can count on to be there for your loved ones when needed.
Income replacement
Imagine what would happen to your family if the income you provide suddenly disappeared. With whole life insurance, you can help make sure that your loved ones have the money they need to help:
Guaranteed cash value growth
As you pay your premiums, your Whole Life policy builds cash value that is guaranteed to grow tax deferred and can help meet a variety of financial goals:
Optional riders
For an additional cost, you can use riders to purchase additional protection.
