When determining how much life insurance you need, and which type of policy to consider, you need to consider these things: how big your family is, your other financial obligations and goals, and your potential future earnings. And remember that even after you establish a life insurance policy, it’s a good idea to revisit your policy periodically as your needs will change over time.
Begin by answering these questions:
Term Life Insurance
Permanent (Cash Value) Life Insurance
Designed to provide permanent coverage
When you purchase life insurance, you must name a primary beneficiary to receive the benefit in the event of your death. This may be a person, corporation, or other legal entity, and you may also name multiple beneficiaries and specify and divvy the benefit into any desired percentage you wish. If you name your child (who is a minor) as a one of your beneficiaries, you should also choose an adult as the child's guardian.
Typically, you'll need the following information about your designated beneficiary:
Call us today at (904) 908-2495 to schedule a no cost, no obligation consultation or send us an email VISMarketing@vystarcu.org.
Securities offered through LPL Financial, member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. VyStar Credit Union and VyStar Investment Services are not registered broker/dealers and are not affiliated with LPL Financial. The investment products sold through LPL Financial are not insured VyStar Credit Union deposits and are not NCUA insured. These products are not obligations of VyStar Credit Union and are not endorsed, recommended or guaranteed by VyStar Credit Union or any government agency. The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible. This site is designed for U.S. residents only. The services offered within this site are available through our U.S. Investment Representatives. LPL Financial’s U.S. Investment Representatives may only conduct business with residents of the states for which they are properly registered. Please note that not all investments and services mentioned are available in every state.