Life insurance basics

Find peace of mind with a life insurance plan offering a coverage amount that meets your needs and your budget.

Why life insurance is important

Whether you’re single or in a relationship, life insurance can be incredibly important because your loved ones will have funds available to them after you pass away.

How life insurance works

Life insurance is a contract between an individual policyholder and an insurance company. Under this contract, the policyholder makes payments in exchange for a disbursement or payment of money called a death benefit to a beneficiary or beneficiaries when the policyholder dies. Beneficiaries are typically family members or people who depend on your income to meet their daily needs.

Debts bills icon

Pay off debts, such as the mortgage or credit card bills

Debts bills icon

Pay off debts, such as the mortgage or credit card bills

Debts bills icon

Pay off debts, such as the mortgage or credit card bills

What's a death benefit?

Life insurance is a contract between an individual policyholder and an insurance company. Under this contract, the policyholder makes payments in exchange for a disbursement or payment of money called a death benefit to a beneficiary or beneficiaries when the policyholder dies. Beneficiaries are typically family members or people who depend on your income to meet their daily needs.