Life Insurance

Life insurance is protection against financial loss resulting from death. It is an insurance company's promise to pay your beneficiary a specific amount of money when you die in exchange for timely payment of premiums.

Although you may not think about it, your ability to earn income is a significant asset and life insurance helps replace lost income in the event of your premature death.

Thinking about why you need it can be an emotional and stressful task. However, it is one of the most responsible decisions you can make to help ensure that your loved ones can continue to enjoy the quality of life they deserve.

• Replace income the family would need to maintain their standard of living after the death of a wage earner
• Pay off a mortgage loan and other personal and business debts or to create a rent fund
• Create a fund for children's education
• Pay final expenses, such as funeral costs and taxes
• Create a family emergency fund or a fund for a family member with special needs