What life insurance does
Life insurance can provide a death benefit to your named beneficiaries if you die while the policy is in force, subject to its terms. It can help loved ones manage expenses after the loss of a family member.
Basic coverage types
Term life insurance
Coverage for a set period. Review the length of coverage and what happens when that period ends.
Permanent life insurance
Coverage designed for longer-term needs. Review the requirements and costs for keeping the policy in force.
Questions about your household
Think about the people who depend on you, the expenses they would need to manage, and the coverage you already have.
Everyday expenses
Consider income your household would need to replace.
Ongoing obligations
Consider your mortgage, other debts, childcare and final expenses.
Existing coverage
Review policies you already have and ask about any coverage through your employer.
Choosing a beneficiary
A beneficiary is the person or organization you name to receive the death benefit. Review your beneficiary choices when your family circumstances change.
What affects the cost
Cost can depend on your age, health, coverage amount, policy type and the insurer’s requirements. Compare the policy terms and choose a premium you can afford.
Start with your questions
Have a question about life insurance? Contact our Springboro team for a conversation about basic coverage information.
Contact our teamHelpful consumer resources
NAIC life insurance buyer’s guide
General information is a starting point. Your policy documents, endorsements, exclusions and limits determine your coverage. Product availability and eligibility vary.