The Seven Wonders of Life Insurance

1.     BUYS TIME.  Allows loved ones to focus on their grief by helping to pay for funeral costs and final expenses.

2.     PROVIDES A FRESH START.  Lets loved ones start with a clean slate by helping to pay off credit card bills, outstanding loans and even the mortgage.

3.     GENERATES INCOME.  Helps replace lost income for years to come so that surviving family members can contiue to pay for life's necessities.

4.     OFFERS FLEXIBILITY.  Gives a surviving spouse the chance to take time off from work or to swich to a job that offers a more flexible work schedule.

5.     CREATES OPPORTUNITIES.  Can provide funding to start a business, or pay for schooling so surviving family members can train for a new career.

6.     FUNDS THE FUTURE.  Offers a way to fund longer-range goals like a college education for the kids or a secure retirement for a surviving spouse.

7.     LEAVES A LEGACY.  Gives parents a chance to leave future generations with the legacy of long-term financial security.

The Choice Is Yours

Depending on your budget and lifestyle, you do have choices in life insurance:

• Whole Life is designed for permanent life insurance protection when coverage is needed for your whole life.
• Universal Life is a flexible premium life insurance policy that can help you meet a variety of needs.  Similar to whole life, it builds cash value.  The difference in the two is that universal life allows you to vary the amount and/or timing of premium payments as well as adjust the death benefit amount to adapt to your changing needs.
• Term Life allows you, the policyholder, to protect your family for a specified amount of time.  While it does provide temporary coverage, term life does not build cash value.  However, it is often the most affordable option, especially for those at younger ages.

¹ Source: 2003 life insurance survey commissioned by Hartford Financial Services Group