Life Insurance

Protect their future

There’s nothing more important than taking care of your loved ones. When you pass away, you don’t want to burden them with debt. Fortunately, life insurance can relieve your family of undue monetary worries and help secure their financial future.

Typically, there are two major categories of life insurance: permanent and term. With permanent life, you can secure the benefits of your policy for the remainder of your lifetime. Some policies offer dividends and some offer flexibility in premiums and interest rates earned. This type of product is a great solution for those that want to ensure they won’t outlive their policy.

With term life insurance, you purchase a plan for a specific amount of time, usually between 5 and 30 years. While it is generally less expensive than permanent insurance, term life insurance is only in place for a fixed amount of time.

Regardless of whether you choose permanent or term insurance, the proceeds your beneficiaries are paid are typically tax-free when you pass away.

Determining your coverage needs

To determine the right life insurance policy and how much coverage you need, connect with a Guild Insurance representative to see what may work for you.