LIFE INSURANCE
Life insurance can help you plan for the future
Protect the people who matter most
Get peace of mind and protection for loved ones with life insurance. Life insurance can help your loved ones pay for funeral costs, cover bills and ongoing living expenses, pay off debts, finance future needs and protect retirement plans.
How life insurance works
Get the coverage that’s right for your needs
No matter where you are in life, you can get coverage that’s right for your needs with options that can help you protect your family’s future.
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Benefits are typically paid tax-free to the person you choose to receive your benefits.
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Life insurance policies are portable, so you can keep your coverage if you change jobs or retire.
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Guaranteed‐issue coverage may be available for some plans, which means no medical questions or exams are required to be eligible for coverage.
Below is an overview of the major types of life insurance offered by JKB Consulting Group. While your age and health can affect your options, your benefits counselor can help you determine what coverage is right for you.
Term LIfe
Key features
Level
Ideal coverage for high-demand years
Whole Life
Guaranteed
Permanent coverage that remains the same to age 100
Cost
$
$$
Death Benefit
Payable if you pass away within the term period you select
Stays the same as long as you make payments
Plan options
10-, 15-, 20-, or 30-year option
Paid-up at Age 70 or Paid-Up at Age 100
Premium Payments
Stay the same during the selected term period
Remain the same and end at paid-up age
Cash value
Not a feature of term life
Values are set when you purchase the policy
Commonly ask questions about life insurance
How much does life insurance cost?
You can purchase a life insurance plan at an affordable cost. The cost will vary based on your age and the amount of coverage you purchase.
Am I guaranteed coverage?
Depending on the plan and face amount you choose, you may be asked some health questions. Your answers will be used to determine whether you are eligible for coverage.
Can I increase my coverage later?
Yes, in most cases. Depending on your plan and the amount of coverage desired, you may need to answer health questions.
Can I keep my life insurance coverage if I leave my job?
Yes. You own your life insurance policy. Regardless of changes in your employment, you can take it with you. When your current employment ends, you will receive a Continuation of Coverage letter with instructions on next steps. You will need to change your payment method to direct bill, which means you pay directly instead of paying through payroll deduction.
