| Individual
Life Insurance Life insurance has many uses for individuals. Individuals and families
should purchase life insurance outside of their employer’s benefit
package to continue coverage regardless of employment status or employer’s
benefit plan. Some common uses include:
 Funeral |
Life insurance proceeds can ensure that there is enough
money for proper funeral and burial expenses |
| Debt |
Personal bills, credit card debt, student loans, and personal notes
can be covered by life insurance in the event of an individual's
death |
| Mortgage
Protection |
The proceeds of a life insurance policy can pay off the balance
of a mortgage or provide an income stream to pay monthly mortgage
or rent payments |
| Income
Replacement |
In the event of an individual's death, life
insurance proceeds can provide a supplemental income stream to ensure
that the surviving family members are able to maintain the same standard
of living |
| Education |
Life insurance proceeds can ensure that the education
costs of the insured's children are covered |
| Taxes |
Federal estate and state inheritance taxes can be pre-funded
using life insurance to preserve the value of an estate. |
| Donations/Gifts |
An individual can use a life insurance policy
to fund a donation to a charity or leave a gift to a family member |
Not sure how much Life Insurance you need? Check out our Needs Assesment
tools.
With Benefitsphere, you have a choice. Search online from our group of
top rated health insurance carriers or, for a more extensive selection
of options, request a custom quote, tailored to
your individual needs.
 
Or, request a custom
quote:
| 
