Life Insurance

Life insurance is a contract between an insurer and a policy owner that guarantees that the insurer pays a sum of money to named beneficiaries when the insured dies.

Term Life Insurance

Term life insurance lasts a certain number of years, then ends. You choose the term when you take out the policy. Common terms are 10, 20, or 30 years.

Permanent Life Insurance

Permanent life insurance stays in force for the insured’s entire life unless the policyholder stops paying the premiums or surrenders the policy.

Group Life Insurance

This is life insurance that you buy as part of a group typically through work as part of your employee benefits package, or via a member organization.