Life Insurance
Do I need Life Insurance?
If you have a family, or someone who depends on you financially, the answer is probably ‘yes.’ Life insurance helps protect your loved ones, no matter what. Whether the money is used to replace your income, cover funeral expenses, pay off debt or provide for educational expenses, life insurance help give your family financial security when they need it most. Having the right life insurance is essential to planning for today and into the future. Not only can it help provide financial protection for your family, but many life insurance options also offer other benefits and investment opportunities you can take advantage of as part of your financial plan.
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Permanent Life Insurance
A permanent life policy covers you throughout your lifetime and includes whole life, universal life, and variable universal life. Consider a permanent life insurance option if:
- You want to purchase coverage that will not expire as you get
older and last throughout your lifetime. - You value the benefit of building cash value with your life
insurance policy. - You do not want your premiums to increase.
- Flexibility and options are important to you.
Term Life Insurance
Term life is a cost-effective form of life insurance offering coverage for a specified period of time. This type of policy may allow you to convert to a permanent policy should your needs change in the future. Consider a term life insurance option if:
- You are looking for an affordable life insurance option that provides maximum coverage.
- Your protection needs include paying for large expenses such as your child’s education or a mortgage.
- You want to purchase a supplemental policy, for adding protection above your permanent life insurance.
Disability Insurance
Disability insurance is intended to cover your loss of income if you are unable to work. Make sure you and your family are protected. Talk with one of our wealth advisors about adding a policy to your financial plan.
Calculators and tools are provided for educational purposes only. The projections or other information generated by the use of these calculators regarding the likelihood of various outcomes are hypothetical in nature and are not guaranteed. Certain considerations are not included which could alter the results shown, such as taxes, fees, charges and expenses. Results may vary with each use and over time.
The financial professionals at Interra Investments are financial advisors with, and securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Interra Credit Union and Interra Investments are not registered as broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Interra Investments and may also be employees of Interra Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Interra Credit Union or Interra Investments. Securities and insurance offered through LPL or its affiliates are:
The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers my be made or accepted from any resident of any other state. Interra Credit Union provides referrals to financial professionals of LPL Financial LLC (“LPL"") pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for advisory services. Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html for further information. LPL Financial Form CRS
