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Life Insurance

Life insurance is a contract between the policyholder and the insurance provider whereby the provider is contracted to pay (for the consideration of a premium being paid by you) a specified amount (death benefit) to the beneficiary named in the contract, upon the death of the insured.

Thinking of why you may need life insurance is not a pleasant task, however life insurance is one of the most responsible decisions to help ensure that your family can continue to enjoy the quality of like they deserve.

Life insurance can replace your income and provide financial security for family members dealing with sadness and loss. The proceeds from the policy can cover financial obligations such as funeral cost and final medical expenses. Life insurance can provide the funds to pay higher education expenses for children; reduce debt and provide supplemental income for your family.

Term Life:

Term Life insurance provides coverage for a specified period of time and can be renewable. The most common policy periods are one year; five years; ten years or until the insured reaches age sixty-five, seventy or eighty. Term Insurance can be used as a risk management tool for:

  • Funeral Protection
  • Credit Protection
  • Education Continuance
  • Business Planning
  • Keyman Insurance
  • Collateral Coverage

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