Life Insurance
Why Life Insurance is Important
Life insurance is financial protection for your family. It helps to ensure that your family and loved ones are protected against financial difficulties in the event of your death. Life insurance provides cash to your family after your death. The death benefit helps replace the income you would have provided and can help meet important financial needs. It may help pay the mortgage or rent, run the household, send your children to college, pay off debts and more.
Whether you’re single, married, have children or are close to retirement, having life insurance can help pay benefits to your loved ones after you die. This could help replace your income and allow the financial plans you put in place to continue uninterrupted.
How Much Life Insurance Do You Need?
Before you decide to buy life insurance, consider the amount you will need. Since everyone’s needs are different, it’s important to look at your personal situation and specific needs. Start by asking yourself these five questions:
- Do I have a mortgage, credit cards or other debts to be paid?
- Do I want to provide an amount for college education for my children or grandchildren?
- How would the loss of my income impact my family’s lifestyle and security?
- Will my family be protected during retirement years?
- How much can I afford to set aside for needed protection?
Voluntary Group Level Term Life Coverage Highlights
This insurance plan overview is not intended to provide a complete description of the coverage. Some exclusions, limitations and reductions may apply. Please contact USI Affinity at 1-800-254-2327 for specific product details and policy provisions.