Life
Life Insurance Basics
Understand basic differences between term and permanent life insurance before requesting assistance.
Term coverage
Term life insurance generally provides a death benefit during a specified period if the policy remains in force. Premium structure, renewal rights, and conversion options vary by policy.
Permanent coverage
Permanent policies are designed to remain in force longer and may include cash value features. Costs, guarantees, and assumptions should be reviewed carefully.
Planning questions
Consider income replacement, debts, final expenses, dependents, existing savings, policy duration, affordability, and the financial strength of the issuing insurer.