FAQ Category: Life Insurance

There are various factors that determine the cost of your policy, including:  Connect with a Gifford Carr advisor to learn more about factors that influence the cost of life insurance. 

Permanent life insurance offers lifelong coverage that protects your loved ones and builds cash value over time, offering security and flexibility. You can access funds in your policy as needed, and your chosen beneficiaries receive a tax-free payment when the time comes.

Term life insurance offers temporary coverage and a safety net for your loved ones, ensuring a tax-free payout if you pass away during the selected term. Your premiums remain fixed throughout the term, providing stability and predictable financial planning for the future.

Life insurance helps your loved ones manage the financial impact of your passing. They may use the death benefit payment to:  You may also choose to leave the money to your estate or to your trust. To discuss your death benefit payment options, connect with an advisor.