Life insurance protection for your family 

Early on in your career, you may be asking yourself why do you need life insurance if you don’t have a family or dependents? Just because you don’t have dependents doesn’t mean you don’t have other obligations and considerations.

• If your parents supported you by cosigning for student loans, a car, or credit cards, those debts could fall on them.
• If you’re living with a partner and sharing bills, you probably don’t want to constrain that person with higher financial obligations while they’re grieving your loss.
• When you’re young and healthy, life insurance can be more affordable, and it's more likely that you will qualify for it.
• Today, Americans are living longer than ever. As a result, most of us must plan for a retirement that could last for 20 to 30+ years. Purchasing a permanent policy when young can help build significant cash value that can be used to supplement your retirement income.

As you get older, your life changes. You may have a house and young children at this point, or you’re thinking about starting a family. You may have also started a new higher paying job by now. The need for life insurance is clear: if something happens to you, you want to feel confident that your family will be taken care of financially. That typically means:

• Paying off the mortgage and other debt
• Replacing lost income
• Saving for kid’s college education
• Saving for the unexpected

Many people in or nearing retirement may be unsure as to whether life insurance is necessary, especially if you now have kids who are grown and no longer depend on you for financial support. You might be divorced. Your peak earning years may be in the past, and your career is winding down. You may even be coming into an inheritance.

Depending on your specific situation, your needs could vary considerably. At this point in your life, you should be thinking about answering the following:

• Do you have a mortgage that needs to be paid off?
• Will your spouse/partner be able to get by on their own income?
• Do you still need to help ensure that your spouse/partner has enough to live on in retirement?
• Do you have a large estate or other financial assets, and are you concerned about tax liabilities that may substantially reduce an inheritance for the people you love?
• Do you have a family business that you would like to see continue after you die?
• Is your family ready financially to pay for funeral costs? Do you want to leave those expenses on them?

Protect your family with life insurance solutions for your mortgage. When you become a homeowner, purchasing a life insurance is a way to help protect your family and ensure that your loved ones will be able to stay in the home if anything unexpected were to happen to you.

Learn more - watch a short video

Life insurance is important for newly married individuals as it provides financial stability and support to a spouse, especially in the event of the primary breadwinner’s death.

Learn more - watch a short video

One of the most important things parents can do to protect their children’s futures is to purchase life insurance. If you pass away suddenly, life insurance offers your children financial protection.

Learn more - watch a short video