Life insurance represents financial stability for you and your family. A life insurance policy helps to ensure that your dependents will have the financial resources necessary to protect your home and other assets while at the same time, providing income to run your household when you die. In addition, it provides the financial resources to pay down debt, cover future education expenses, and tax burdens.

Life insurance is financial protection. The most prevalent reason people purchase life insurance protection is to replace income that would be lost with the death of a wage earner. Finally, life insurance can play an important role in estate and tax planning, cash accumulation, retirement funding, and the transfer of wealth to your beneficiaries.

Types of life insurance:
Term (e.g. 10 year, 20 year, to age 100)
Whole life
Universal life
Joint first to die
Joint last to die
Insured annuity
Debt coverage, e.g. A loan or mortgage
Partner/shareholder buy-out
Key person