I just lost my job. What should I do about my life insurance?

You’re in a tough situation. But, you may want to consider term life insurance rather than leave your family unprotected. It’s designed to be affordable and pays a Death Benefit if you die within the coverage period.

Some term policies may offer conversion to more permanent coverage down the road.

Keep in mind that as your life changes, you should re-evaluate your insurance needs and add or change coverage as needed. Changes to your coverage are subject to underwriting and the insurance company’s contractual requirements.

The protection and guarantees offered by life insurance are subject to the claims-paying ability of the issuing insurance company.

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