Personal Insurance
Personal
"I so enjoy observing (and participating in) an organization that is proactive in staying well in front of the power curve."
Robert Reed – Reed
Insurance Service LLC
Life Insurance
Secure your family’s future.
Life is unpredictable. It’s hard to think that we may not always be around to provide for the people who depend on us.
That’s why we have life insurance. It’s a critical step in planning for your family’s future.
In the event of your death, life insurance provides income-tax-free money to your beneficiaries that can be used to pay funeral expenses, pay down debt, provide tuition, cover estate taxes, or virtually any financial needs you leave behind.
DO I NEED LIFE INSURANCE?
Generally, you should consider life insurance if:
- You have a spouse
- You have dependent children
- You take care of an aging parent or relative with a disability
- You have a sizable estate
- You own a business
One of our local member agencies can best help you determine if you need a life insurance policy and then help you customize your life insurance program to meet your family’s needs.
TYPES OF LIFE INSURANCE
Our member agencies can provide a variety of life insurance plans to protect your family’s future. The type you choose is dependent on your personal and financial needs.
Here are a few of the most common types of life insurance:
Term Life Insurance
If you’ve never had life insurance, term life insurance can be a good place to start. Term life insurance provides coverage for a specified period of time and is usually less expensive than permanent life insurance.
Whole Life Insurance
Whole life insurance is a form of permanent life insurance. It remains in place for the insured person’s lifetime as long as premiums are paid as specified in the insurance policy. Over time, whole life insurance can build cash value.
Universal Life Insurance
Universal life insurance is a form of permanent life insurance with flexible premiums, flexible face amounts, and unbundled pricing structures. Like whole life insurance, it can build cash value over time.
