Protect yourself and your loved ones

Life insurance protection is another step on the road to financial peace of mind. It can be a cornerstone of a sound financial plan, providing financial stability to a surviving spouse, children, or other family members.

To start, determine your net earnings after taxes as well as your routine living expenses. Then take into account any outstanding debt -- such as mortgages, education loans, or other loans -- as well as future tuition bills and how much a surviving spouse might need to adequately fund a retirement nest egg. Generally, you'll want a benefit that will cover all of these expenses.

While ensuring the financial security of loved ones is a critical use of life insurance, there are other ways it can be used to meet planning goals throughout the stages of one's life.

  • Cash value life insurance may provide you access to needed funds in your lifetime.
  • People in their peak earning years can use life insurance to protect their wealth while accumulating additional tax-deferred assets.
  • Older people may use life insurance as part of an estate planning strategy designed to pass more wealth to future generations -- and less to Uncle Sam. 

 For more information, see our protection goal page.

1 Diversification does not assure a profit or protect against a loss.

GE 91145 (01/2016)

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