Life insurance provides whomever you choose with a one-time, tax-free payment when you die, as long as you continue to pay your premiums.

There are different types of life insurance, and different ways to make it work for you. It’s not only to  protect your family. It can also be part of your financial plan, so you may be able to access money in your policy while you’re alive.

What kind of insurance do you need?

What kind of insurance do you need?

Types of insurance	Term life insurance	Permanent life insurance
What does it provide?	Temporary protection	Long-term protection
How can it help?	Replace lost income Cover debt and funeral expenses	Replace lost income Cover debt and funeral expenses Build wealth Estate planning
What's the cost?	Typically the most affordable type of insurance	Usually more expensive than term life insurance
Investment options	No	Yes
Benefits	You choose who receives a tax-free one-time payment when you die	You choose who receives a tax-free one-time payment when you die Build wealth inside your policy, within limits, that you can access during your life
Learn more about insurance	View term life insurance	View permanent life insurance

It depends on the type of coverage you choose. Generally, term insurance is more affordable than permanent insurance. But there are a lot of factors that determine the cost of your policy, including: 

Notify us of a death and/or make a claim on a wealth or life insurance policy bought through an advisor.

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