Many people have employer-sponsored life insurance policies, which provide one or two times your salary in coverage. But, did you know that in order to be adequately covered, you actually need about 10-20 times your annual salary?
Term life insurance provides financial protection for your loved ones and is an affordable way to cover temporary expenses – such as mortgages, child care expenses, student loan debts, and more. You’ll pay a premium for a set period of time and if something were to happen to you during that time, your named beneficiary will receive the death benefit.
Major life events could trigger a need for life insurance. If you’ve recently done any of the following, it will be a good idea to make sure you’re covered with a term life insurance policy:
All coverage is subject to approval and qualification. Coverage information is intended to be a summary and does not supplement or replace specific language of the insurance contract. American Family Life Insurance from The General® applications are underwritten by American Family and administered by Homesite®.