Types of Life Insurance
Life Insurance provides financial protection for your loved ones if you pass away. It helps make sure they’re taken care of—especially if they depend on your income.
Here’s how it works:
You choose a coverage amount and pay a monthly or annual premium.
If you pass away while the policy is active, your beneficiaries (like your spouse or kids) receive a tax-free lump sum payout.
They can use that money for anything: funeral costs, mortgage payments, college tuition, or everyday living expenses.
There are two main types:
Term Life Insurance – Covers you for a specific period (like 10, 20, or 30 years). It’s usually the most affordable and great for income protection during key years.
Permanent Life Insurance – Lasts your whole life and can build cash value over time. It's more expensive but offers lifelong protection and savings benefits. Their are two types of permanent insurance: Universal Life and Whole Life.
Disability Insurance replaces a portion of your income if an illness or injury prevents you from working. It’s like income protection for your paycheck.
You receive regular payments (like a paycheck) while you're unable to work due to a covered condition. It can be short-term (a few months) or long-term (several years or until retirement). It helps cover your living expenses—like rent, groceries, and bills—so you can focus on recovery without financial stress. Many people don’t think about it, but you’re more likely to face a disability during your working years than to pass away unexpectedly.
Together, life and disability insurance help protect what matters most: your family, your income, and your future.
Let us know if you’d like help figuring out the right coverage or understanding your options—happy to walk you through it!