Life insurance can help provide money to the people or organizations you name as beneficiaries after your death. The right structure depends on your purpose, time horizon, budget, health, and other resources.
Two broad categories
Term life insurance
Designed to provide coverage for a stated period. Premiums, renewal terms, and conversion options depend on the policy.
Permanent life insurance
Designed for longer-term coverage and may include cash value. Guarantees, fees, risks, and access to value vary by policy.
Ask for a complete illustration and read the policy before deciding. Coverage is subject to underwriting and policy terms.