Life Insurance

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Life insurance is a financially responsible purchase. It allows you to provide for your family, even when you’ve died. The money, known as the death benefit, can be used to pay medical bills, burial expenses, and more. If you want to make your passing slightly easier for your family, lighten their burden with life insurance.

Life insurance can be purchased for anyone. A parent can get a policy for a child and a spouse can get a policy on their spouse, etc… When the person named on the policy dies, then their beneficiary receives money. In most cases, the policy becomes void if the person on the policy commits suicide or dies under suspicious circumstances.


Life insurance is purchased for a specified amount. Monthly premiums are paid to keep the policy active. If the person on the policy dies, then the benefit is paid to the beneficiary. Different types of insurance are available. Some have built-in interest rates, and others have connected accounts that build interest.

• Term insurance is the most common form of life insurance. There is no interest gained, and the account doesn’t increase in value. Coverage is purchased by terms, or periods of years, and the premium rates increase with each renewal.

• Whole life insurance is more expensive because the policy increases in value. It’s also possible to borrow money from the account. The premium remains the same for the duration of the policy. Variations of whole life offer investment options in stocks and mutual funds.


Life insurance is a way to take care of your family after you’ve died. They will have money to take care of expenses. Without insurance, your family might struggle financially.