Life insurance is not just for breadwinners or caregivers, or for the elderly. It is very important to do what we can to make sure our loved ones are financially protected. With life insurance, you can eliminate the worry of how they will pay for funeral expenses, children’s college tuition, or even the house payment.
There are very basic types available, such as whole life, where you pay a certain premium, and it pays a set amount if you die.
There are also policies available that act as an investment strategy. Variable universal allows you to ‘invest’ premium reserves in mutual- fund-like accounts.
Your CGB agent can help you decide the best type of policy for your needs and lifestyle.