What Type of Life Insurance Should I Buy?

How much life insurance you need depends on your individual needs and your financial objectives for your family. While life insurance cannot replace you, it can provide the funds to:

• pay final expenses
• replace all or a portion of your income
• keep your family in their home
• establish a college education fund
• cover financial emergencies
• provide a child and/or home care fund

How much life insurance is enough?

This question is best answered through an analysis of your family and financial situation, as well as your financial goals and objectives.

What is the best policy for you?

All life insurance falls into one of two categories of coverage. Each category has certain characteristics that make it more suitable for certain needs:

1. Term Life Insurance

• Provides temporary protection for the term of the policy.
• If the insured dies within the term period, the insurance company pays the death benefit.
• If the insured survives the term period, the coverage terminates.

2. Cash Value Life Insurance

• Provides lifetime protection, so long as the policy is kept in force.
• The insurance company pays the death benefit regardless of when death occurs, so long as the policy is kept in force.
• The policy accumulates cash values that can be used during the insured’s lifetime (withdrawals and loans will reduce the policy’s death benefit and cash value available for use).

We hope that by giving you some of the basics to the questions many of our clients have, that you will be more prepared to to make the decisions to protect your family’s lifestyle and financial future.

If you have any questions or would like more information please reach out to our staff of professional agents.

 VSA, LP The information, general principles and conclusions presented in this report are subject to local, state and federal laws and regulations, court cases and any revisions of same. While every care has been taken in the preparation of this report, VSA, L.P. is not engaged in providing legal, accounting, financial or other professional services. This report should not be used as a substitute for the professional advice of an attorney, accountant, or other qualified professional.