Video transcript - Best Life Insurance For Financial Security
In a complicated world, it’s good to know some things are easy.
Like getting the life insurance you want to protect those who depend on you.
Life insurance offers a guarantee you can count on, and helps to ensure that everything you worked for will help provide financial protection for your family.
When should you update your life insurance?
Are you married?
A single parent?
Does your spouse work?
Do you have children?
Child heading to college?
Are you planning for retirement?
As your life changes so does the amount of life insurance you need.
Life insurance offers three benefits that you may not find with other financial instruments.
It is paid directly to your beneficiaries.
It is generally not subject to income taxes.1
And its value is not affected by market conditions.
So how much life insurance do you need?
When it comes to choosing an appropriate amount of life insurance, the general rule of thumb is 7 to 10 years of your annual salary.2
Sounds like a lot? Actually, it can take years for a family to financially recover from the loss of a loved one. Already have some life insurance?
That’s great, but are you sure that it still meets your financial needs?
Applying for life insurance through your workplace benefits is an easy, inexpensive and hassle-free way to get the coverage you want.
Remember, good health and financial protection begins with the benefits offered at work —
Be sure to take advantage of yours.