Life Insurance
Stability and comfort for your family’s future
The future may be unpredictable, but we can help you plan for it. Our life insurance solutions are designed to give your loved ones the financial protection they deserve, offering reassurance when it matters most.
What is life insurance?
Life insurance provides your loved ones with financial security in the wake of your passing. It provides a tax-free payment, known as the death benefit, to help replace lost income, cover expenses, and secure your family’s future.
Types of coverage
Your life is unique and requires tailored coverage to fit your needs. Our range of life insurance options offer flexibility and peace of mind. The types of life insurance we offer include:
- Term life insurance, for temporary coverage
- Permanent life insurance, for lifetime coverage
One of our advisors can help you determine which type of life insurance coverage is best suited for your needs.
Determining your life insurance needs
Though every policy is unique, life insurance should ensure your debts are taken care of, so they are not faced with financial burdens. Here are some key factors to think about when considering your coverage options:
- Current income
- Debts
- Existing insurance coverage
- Net worth
- Your family’s requirements
Protect your family’s future with flexible life insurance solutions.
Embrace security and peace of mind knowing your family is protected against the unexpected.
Frequently asked questions
Find answers to common questions about life insurance.
What factors impact my premium?
There are various factors that determine the cost of your policy, including:
- Age
- Gender
- Health
- Occupation
- Recreational activities such as skydiving, scuba diving, racing, etc.
- Smoking and drug use
Connect with a Gifford Carr advisor to learn more about factors that influence the cost of life insurance.
What does life insurance cover?
Life insurance helps your loved ones manage the financial impact of your passing. They may use the death benefit payment to:
- Pay for funeral expenses
- Provide care for your children or other dependents
- Pay off debts
- Provide a donation to charity
- Replace your income to allow your family to maintain their standard of living
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.
What is term life insurance?
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.
What is permanent 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.
Have more questions?
Contact us for more information.