To provide for loved ones you generally want 10x your annual salary plus any outstanding debts and future needs. For example, if you make $50,000 per year and have a mortgage of $250,000 you would want at least $750,000 in life insurance. If you wanted to include future college costs it would be even more.

Different people need different types of life insurance and there are many factors that determine what type of life insurance is right for you. A young single individual for example may want to buy permanent life insurance because premiums increase as you get older compared to a someone on a budget who needs life insurance to protect their family. What ever your situation our experts can help you pick the right plan.

• Buying or Upgrading a Home
• Getting Married
• Having Children
• Caring for Aging Parents
• Starting a Business
• Sending Kids to College
• Retirement (if you have a spouse)

You should review your policies at least every 5 years.

Did you know that some life insurance plans can be used for retirement? As the cash value of your policy grows you will be able to take distributions through withdrawals and tax-free loan from the account when you retire. 

Return of Premium Life Insurance is a rider (supplemental coverage) that can be added to a Term Life Insurance policy. If you buy this rider, you will receive your premium back if you do not die during the term of your policy (10, 20 or 30 years). The premiums are typically much higher compared to standard term policies and because of this they are not for everyone.