Life Insurance
Protect your family’s financial security today.
A well-designed life insurance policy provides tremendous peace of mind by ensuring that your loved ones will be taken care of when you’re no longer here to care for them. Our experienced investment advisor representatives can help you select the right policy for your family at an affordable premium.
Term life — coverage for a specified period of time
Term life insurance provides basic life insurance coverage at the most affordable price. It provides protection for a limited number of years — typically long enough to ensure that in the event of your premature death, your family will be able to pay off outstanding debts such as the mortgage, pay ongoing living expenses, or fund future college expenses for your young children.
Whole life — guaranteed protection for life
Whole life insurance provides coverage, as its name implies, throughout your entire life. In addition to offering lifetime protection for your dependents, it builds cash value, which can be accessed in the form of loans or withdrawals. Whole life policy premiums are level for life.
There are many important considerations in deciding which type of life insurance may be appropriate for you. For more information about any of MECU Investment Advisors’ insurance products or to schedule an appointment, please contact us.