Life Insurance Information

Life insurance policies contain exclusions, limitations, reductions in benefits, and terms for keeping them in force. A financial professional can provide you with costs and complete details. All guarantees are based on the claims-paying ability of the issuer, and do not apply to any underlying investment options.. With term life, a life insurance company bases the policy premium on the probability that the insured will die within a stated term—typically 10, 20 or 30 years.. 10 Facts About Life Insurance This infographic visually shows 10 facts about life insurance such as how many Americans say they need life insurance compared to how many actually do have it. Take the first step in getting the protection you need with a free term life quote today.. Life Insurance The Federal Government established the Federal Employees' Group Life Insurance (FEGLI) Program on August 29, 1954. It is the largest group life insurance program in the world, covering over 4 million Federal employees and retirees, as well as many of their family members. Most employees are eligible for FEGLI coverage.. Unlike many other employer-sponsored life insurance programs, FEGLI coverage can be continued into retirement. The FEGLI retirement benefit is prefunded by premium costs so that after age 65 (or at retirement, if later) some coverage can be continued by retirees at no cost..

Life Insurance Needs Assesses how much capital your family will need when you die to both meet immediate financial obligations and keep the household running. Disability Insurance Needs Determines the income needed to sustain your current standard of living should you become disabled and unable to work.. Term life insurance provides protection (guaranteed death benefit) for a specific period of time (term length). With low initial premiums, it provides an affordable way to protect your family when you need it most..

REAL ESTATE INVESTMENTS-Investments generally owned by life insurers that include commercial mortgage loans and real property. FINANCIAL RESPONSIBILITY LAW- A state law requiring that all automobile drivers show proof that they can pay damages up to a minimum amount if involved in an auto accident.. Universal Life Insurance is a type of life insurance policy that can provide you with many flexible options. Retirement Planning Learn How to Save More Money by Paying Yourself First Saving money can be a challenge, but the trick is to prioritize. A basic practice can be as simple as paying yourself first by making the fi....