Protecting what matters most
Your family is your top priority. While your financial needs, goals and dreams will change, making sure your loved ones are protected will always be important. Life insurance can help provide peace of mind, knowing they’ll be O.K. financially.
While nothing could replace you, life insurance can ease the financial burden caused by an untimely loss. Life insurance provides a tax-free death benefit that your beneficiaries can use to pay your final expenses, reduce debt, cover medical bills and pay everyday living expenses like childcare, groceries and rent or mortgage payments.
Life insurance proceeds can also help your loved ones maintain their lifestyle and help build their future – such as continuing a hobby, funding a college education or saving for retirement.
Securian offers two main types of life insurance policies: term and permanent.
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-preferred basis throughout your lifetime for expenses like travel, college tuition or supplemental retirement income.
Life insurance at work
You may also be eligible to receive or buy life insurance through your employer. Group insurance can be a convenient and affordable way to supplement the coverage you’ve purchased through your financial advisor.
Every employer’s group insurance offerings are unique, but many plans provide you with coverage paid by your employer as well as options for you to purchase additional coverage. Depending on your employer’s plan and the coverage you choose, you may qualify without providing health information or taking a medical exam.
Opportunities to enroll for group life insurance coverage are most common when you are a new employee, when your salary increases or at the time of a major life event, like getting married or having a baby.
Contact your employer’s benefits department to learn more about the group life insurance options available to you.
Life insurance products contain fees, such as mortality and expense charges (which may increase over time), and may contain restrictions, such as surrender periods. Please keep in mind the primary reason to purchase a life insurance product is the death benefit.