Life Insurance

Life insurance is a crucial step in planning for your future and your family’s future. The death benefit is tax-free income and can be used to cover funeral expenses, repay debt, provide education or cover other expenses your survivors may incur. There are many kinds of life insurance, but they generally fall into two categories: term insurance and permanent insurance.

Term insurance is designed to meet temporary needs. It provides protection for a specific period of time (the "term") and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time—like until children graduate from college or a mortgage is paid off.

In contrast, permanent insurance provides lifelong protection. As long as you pay the premiums, permanent life insurance accumulates cash value and is priced for you to keep over a long period of time.

Which is better? It’s hard to say, because the kind of coverage that's right for you depends on your unique circumstances and financial goals. The best way to figure out the amount and type of life insurance that makes sense for you is to speak with a qualified life insurance professional.

Get Started: Call us during business hours at 336.881.3500, or fill out our Basic Life Insurance Inquiry form.