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Life insurance

Protecting what matters most

From everyday moments to major milestones, we understand that family is your most important asset. Our life insurance solutions can help you put your family first.

While your financial needs, goals and dreams will change, making sure your loved ones are protected will always be important. Life insurance can help protect their financial future so you can enjoy those everyday moments in the here and now. 

What is life insurance?

Life insurance is an important financial safety net that provides an income tax-free death benefit to beneficiaries upon your death.1 Use our detailed life insurance calculator to help determine your needs. 

Beneficiaries can use the money to help with their everyday living expenses – such as mortgage payments or medical bills, education expenses, your funeral costs and more.

Securian Financial offers two main types of life insurance policies: term and permanent. We’ve created a side-by-side comparison to help you understand the main features of each type and how they compare.

Term life insurance

Term life insurance is an affordable choice that generally provides coverage for a set period of time. The premiums — or regular payments you make — are the same throughout the specified time period. Term policies don't offer the potential for cash value accumulation. They may offer an option to convert to an annually renewable term or permanent policy after the specified time period.

Learn more about term life insurance

Permanent life insurance

Permanent life insurance may provide coverage for your entire life and offers the potential to accumulate cash value tax-free. This cash value can be used on a tax-advantaged basis throughout your lifetime for expenses like travel, college tuition or supplemental retirement income.

Learn more about permanent life insurance

Types of permanent life insurance

Whole life insurance

Provides guaranteed protection for your entire life and fixed cash value growth.

Universal life insurance

Provides the potential for protection for your entire life, while offering the flexibility to change your premium or death benefit amounts.


How do I purchase life insurance?

Our insurance products can be purchased through a financial professional or may be offered through your employer, financial institution or association.

To see how much insurance you may need, use our easy-to-follow calculator. 

Start calculating

Term life insurance vs. permanent life insurance  (article with video)

There are two types of life insurance, term life insurance and permanent life insurance. Learn the difference between the two and which might be right for you.

Buying life insurance at work  (article with video)

1. If owner/insured are different, the death benefit will be paid upon death of the insured. 

Please keep in mind the primary reason to purchase a life insurance product is the death benefit. Life insurance products contain fees, such as mortality and expense charges (which may increase over time), and may contain restrictions, such as surrender periods. 

Insurance policy guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company. 

Policy loans and withdrawals may create an adverse tax result in the event of lapse or policy surrender and will reduce both the surrender value and death benefit. Withdrawals may be subject to taxation within the first fifteen years of the contract. You should consult your tax advisor when considering taking a policy loan or withdrawal. 

You should consult your tax advisor regarding your own tax situation.

DOFU 11-2021