Life Insurance Information

What is the purpose of Life Insurance?

Life insurance is all about making sure your family members have choices in the event of untimely death. Without life
insurance your family members may have no choice but to put your funeral expenses on a credit card. Or your spouse and
children will have no choice but to move out of the house into an apartment because the mortgage payments can no longer be
paid on time.

Life insurance was designed to make sure your survivors can afford the quality of life you want them to have after you’re
gone. They can use the funds to pay for a funeral expense, pay the mortgage off, or set up an account for the children to go
to college.

How much life insurance do I need? Well that depends on what you’re trying to take care of. Do you want you funeral
expense covered or if you are married with young children you need to have your income replaced for typically at least 10
years. The important thing to remember is to have a conversation with a life insurance professional that can help you
determine the proper amount since no two situations are alike.

What type of life insurance should I get? Once again that will depend on your particular situation. Term life and permanent
life, the two basic types of life insurance, both pay an income tax free death benefit. Term life covers you for a limited period,
while permanent life provides lifelong coverage.

Term Life insurance provides coverage for a specific time period, normally 10, 20, or 30 years. The death benefit will be paid
if you die within that term. Term life is the least expensive life insurance, with premiums that stay level for the policy’s term.
However, at the end of the term you will no longer have any coverage.

Permanent Life insurance comes in several forms to suite different goals and financial circumstances. You Life insurance
professional will help you choose the kind that best suits your situation. Most permanent life insurance policies are designed
so that the death benefit will remain in force for your lifetime provided regular premium payments are made.

We look forward to helping you with all of your insurance needs. If you would like more information about life insurance,
please call us at 513-598-5200 or 800-995-0978.