We know you can’t put a dollar amount on your family, but you can ensure their future is protected with life insurance.

Life insurance pays out after your death to the people you choose as beneficiaries — usually children, a spouse or other family members. It’s an important safety net if anyone depends on you financially. A life insurance payout can be used for debts such as a mortgage, to replace your income, or provide funds for college tuition.

Recognizing everyone’s situation is unique, which means there are two types of life insurance policies to choose from:

1. Term life policies are set up to cover you for a specific period of time. The most common term policies cover for 15 - 20 years. Depending on your age, premiums start out dirt cheap and increase as you age. Some Term life policies even offer the option to convert to a whole life policy when the policy is set to expire.
   
   
2. Whole life or Universal life insurance covers you for the course of your life, even if you live to be 100 years old! An advantage of a universal life policy is that the policy builds cash value that you may borrow against in times of need.

No matter the situation, it is important to know what type of policy best suits your needs, the amount of coverage desired, and most importantly, who the beneficiary will be.