September is national life insurance month. Now is a great time to consider your options. Insurance can be very confusing with all of the options available and it's hard to know what you really need.  Let's look at the first questions you should ask yourself as you think about life insurance.

So, why would you need life insurance anyway?

One of the main reasons is to protect your family and loved ones.  If something were to happen to you, life insurance would replace your income.  Some other reasons include:

Adding more financial security to your family when you are gone
Paying off debt that you might incur after you die
Bringing peace of mind to yourself

 
 What types of life insurance are there?
 
There are two basic types: term and cash value (permanent). Cash value policies offer death benefits and a percentage of what you spend to fund the policy goes into a savings program. Cash value policies have correspondingly higher premiums than term policies, and are only offered for 10+ year terms.
 
 
Talk to a financial advisor before you make any big decisions. Life insurance will help you prepare for the unexpected and ensure your security.
Click below to learn more about life insurance options at Global.

*Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC , a registered broker/dealer and investment advisor. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution.
 
This material was prepared by MarketingLibrary.Net Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information should not be construed as investment, tax or legal advice. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.