If you own life insurance coverage you may feel a peace of mind knowing that in case you pass away unexpectedly, your loved ones will be taken care of financially.
The proceeds from a life insurance policy are paid out direct to your beneficiaries free from federal income tax, and these proceeds can be used for any purpose.
The money from your life insurance can help your family in many ways, including to pay for your final expense (burial and funeral costs), maintain their lifestyle and help pay the monthly bills.
Your family won't have to worry about how they will find the money to pay the bills, including auto insurance, electricity, food, phone, cable, health care and the rent or mortgage, among other things.
Learn more about how life insurance helps to protect you and your family.