Your family is important to you. You want to do everything you can to protect
their future. Proper planning with a life insurance agent can help you and your
family avoid financial issues after the death of a family member.
Whether you just got married, divorced, started a family or purchased a home,
consider your individual circumstances and the standard of living you wish to
maintain for those who may depend on you.
UNDERSTANDING YOUR LIFE INSURANCE OPTIONS
Individual life insurance coverage generally falls into one of two categories:
term or permanent.
Term life insurance protects you for a specified period of time – ranging from one
to 30 years – and pays a death benefit only if you die during that specified term
of the policy. That's why it's commonly referred to as "temporary" life insurance.
You may benefit from buying term life insurance if you:
- Need coverage only for a specific period of time
- Need more coverage but have a limited budget
- Have limited funds
Permanent life insurance, which includes whole life and universal life, is an
appropriate way to meet long-term needs. Over time, it may be the least
expensive form of life insurance since premiums are fixed and the policy
accumulates cash value on a tax-deferred basis.
You may benefit from buying permanent life insurance if you:
- Have a high net worth and are seeking a tax-advantaged product
- Understand that permanent insurance is a long-term commitment
- Need insurance for estate planning purposes
- Want guaranteed life insurance for life
MAKE THE CHOICE THAT IS RIGHT FOR YOU
The Cincinnati Life Insurance Company's LifeHorizons product line offers you
flexible and affordable insurance protection and long-term financial planning
solutions to protect your family, your income, your assets and your future.
Cincinnati Life offers the LifeHorizons product line only through professional
independent agents who are skilled at identifying risk and can customize
policies to meet your needs.