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Life Insurance is about protecting the people who matter most to you.

Throughout your life, there’s one priority that stays the same — looking out for the people you love. Whether you’re joining the workforce, supporting a growing family or preparing for retirement, you want what’s best for your loved ones. 

If you have a family who depends on you, life insurance is especially important. Without you, would they be able to pay for housing, utilities and other everyday expenses?

With life insurance from Colonial Life & Accident Insurance Company, you can tailor coverage for your family’s specific needs. No matter where you are in life, we have coverage options that can help.

 

TOP REASONS FOR OWNING LIFE INSURANCE (1)

    • Cover burial and final expenses 
    • Replace lost income from a wage earner
    • Transfer wealth/inheritance across generations 
    • Supplement retirement income 
    • Help pay off mortgage 

 

44%

Almost half of those surveyed would feel a financial impact within six months if the primary wage earner were to pass away. (1)

Coverage throughout life’s journey

The best time to buy life insurance is at a young age when coverage is generally less expensive. However, life insurance can help at any stage of your life.


Term Life
 

Term life insurance provides coverage for a select period of time. It’s a great choice for the stages in your life when you have substantial obligations, such as student loans, mortgage payments and child care. 

 

Whole Life

Whole life insurance offers permanent coverage that stays the same throughout the life of the policy. It can help your loved ones pay for medical bills and funeral costs. 

 

Term & Whole Life

The ideal scenario is to have both term life and whole life insurance. With this combination, you can help protect your family during the years they’re depending on you the most and assist with final expenses

7-in-10 Americans say they personally need life insurance coverage (1)

WITH LIFE INSURANCE: 

  • Coverage options are available for you, your spouse and eligible dependents. 

  • Benefits are typically tax-free to your beneficiary.

  • If you change jobs or retire, you may be able to keep your coverage. 

  • There’s an option to use a portion of the death benefit while living.

What type of life insurance is right for you?

Here’s a quick overview of the major types of life insurance. While your age and health can affect your options, your benefits counselor can help you determine what coverage is right for you. 

Consider your coverage options 

 

To determine the financial protection that would work best for you and your loved ones, ask yourself these questions:

  • If something happened to me, would my family be financially protected?

  • What type of life insurance is right for me? 

  • How much life insurance do I need?

Estimated 60 million uninsured and underinsured American households, with an average coverage gap of $200,000. (3) 

(1. LIMRA,2022InsuranceBarometerStudy)
(2. Any payout would reduce the death benefit)
(3. LIMRA, Industry Associations Unite to Help Address the Life Insurance Coverage Gap in the United States, 2021)

As you consider the importance of life insurance and the security it provides for your loved ones, remember that proactive planning today can offer peace of mind for tomorrow. Whether you’re starting your career, raising a family, or enjoying retirement, the right life insurance coverage can adapt to your evolving needs. By taking the time to assess your coverage options and securing the appropriate policy, you’re ensuring that your family’s financial well-being remains safeguarded, even in the face of life’s uncertainties. Don’t hesitate to reach out to discuss your options further – together, we can build a brighter, more secure future for you and your loved ones.
 

Rikki