Life insurance is an insurance that everyone should have, but we hope we don't need it for a very long time. It is insurance that is used in the planning for after one's death so that loved ones will be taken care of financially. Life insurance can be used for estate planning, for funeral costs, medical care, to pay off a mortgage or other debt, to finance a child's education, or to help with estate taxes, for example.

Life Insurance Options:

• Term Life Insurance and Permanent Life Insurance are the two types of Life Insurance. There are subcategories of insurance within each of these types.

• Term Life Insurance provides protection for a specified length of time (ends at a future date in time) and has no cash value. The premium covers the risk of death and once the policy term expires or if the insured individual dies after the policy period, there are no benefits paid.

• Permanent Life Insurance offers protection during your lifetime and can build cash value.

• As personal or family needs change, you should reassess your life insurance.

• Life insurance is sold by private insurance companies and can be obtained through Stone Insurance of Suffield, LLC. Call to set up a complimentary consultation with a free quote.