Reasons to Consider Buying Life Insurance

By Carrie Skogsberg

Reviewed by Kevin Draeger, CFP®, CFC®, Life Product Manager

Life is full of unexpected moments, and one of the best ways to protect the financial security of your loved ones is with life insurance.

How does life insurance work?

In general, you pay your insurance company and in return, you receive protection for your beneficiaries if something happens to you. You can choose term life insurance, which provides coverage for a specific amount of time, or permanent coverage, which provides coverage for your lifetime.

Benefits of life insurance

Life insurance benefits can vary depending on the type you choose. It can help your loved ones financially if you pass away and they no longer have your income. They can use the money to pay for things like the mortgage, education expenses, retirement, final expenses and more.

Some types of permanent life insurance offer benefits that can be used while you’re still living. Permanent life insurance, like whole life insurance, has cash value that increases over time, and the cash value can be used for expenses like a down payment on a vacation home or to supplement retirement income.

Compare policy options.

Peace of mind

Overall, life insurance can bring peace of mind knowing the people you love are taken care of financially if you’re not around.

COUNTRY Financial Insurance Agent Bret Huett knows first-hand that things can change in an instant. Watch his story.

Learn more about your life insurance options or contact a local COUNTRY Financial Insurance Agent near you.