The greatest gift you can give your family is financial security.

Life insurance is a contract between you and an insurance company. In exchange for regular premium payments, the company provides a tax-free payout (death benefit) to your beneficiaries when you pass away. This money can be used to cover expenses like funeral costs, debt, income replacement, or future financial needs.

Life insurance provides financial protection for your loved ones by ensuring they have the resources to cover expenses if you’re no longer around. It’s especially important if you:

• Have dependents (spouse, children, or elderly parents)

• Have a mortgage, loans, or other debts

• Want to leave behind a legacy or inheritance

• Need to cover funeral and final expenses

A common rule of thumb is 8-10 times your annual income, but the right amount depends on your debts, future expenses, and long-term financial goals. A financial professional can help you determine the best coverage for your situation.

The two main types of life insurance are:

• Term Life Insurance – Covers you for a set period (e.g., 10, 20, or 30 years). It’s affordable and provides a simple death benefit but has no cash value.

• Permanent Life Insurance – Covers you for your entire life and includes a cash value component that grows over time. Common types include Whole Life and Universal Life.

Premiums are the payments you make to keep your policy active. The amount depends on factors like:

Your age – Younger applicants get lower rates.

Health & medical history – Better health = lower premiums.

Coverage amount – Higher coverage means higher premiums.

Policy type – Term life is more affordable than permanent life insurance.

Yes! Many insurance companies offer policies for people with health conditions. However, your premiums may be higher, or you may have to go through a medical exam. Some companies offer no-exam policies, but they often come at a higher cost.

Not always. Some policies require a medical exam, while others offer no-medical-exam options, such as:

• Simplified issue – No medical exam, but a health questionnaire is required.

• Guaranteed issue – No exam and no health questions (higher premiums & lower coverage).

A beneficiary is the person (or people) who will receive your life insurance payout. You can name:

• Spouse or partner

• Children or other family members

• Trusts or estates

• Charities or organizations

• Term Life – The policy will lapse, and you’ll lose coverage.

• Permanent Life – You may have a grace period, and if there’s enough cash value, it could cover the payments temporarily. Otherwise, the policy may lapse.

Yes! You can usually adjust your beneficiaries, increase or decrease coverage, or convert some term policies into permanent policies. However, certain changes may require underwriting approval.

In most cases, no—life insurance death benefits are tax-free for your beneficiaries.

Only permanent life insurance policies (like Whole Life or Universal Life) allow you to borrow against your cash value. Term life insurance does not have this feature.

Yes, most policies cover accidental deaths, but some companies offer additional Accidental Death & Dismemberment (AD&D) coverage, which provides an extra payout if death occurs due to an accident.

Yes! Many people have multiple policies, such as a term policy for temporary needs and a permanent policy for lifelong protection and cash value growth.

The best policy depends on your financial goals, family needs, and budget. If you want affordable protection, go with Term Life. If you want lifelong coverage and cash value growth, consider Whole Life or Universal Life.

• Determine your coverage needs

• Choose the right type of policy

• Get a quote and apply

• Complete any medical exams (if required)

• Start protecting your family’s future!

Schedule a Free Consultation to find the right life insurance plan today!