Death benefit
The amount paid to beneficiaries when the insured person dies, subject to the policy terms.
Protect your family
Life insurance coverage
A life insurance policy pays a benefit to the people or organizations you name when the insured person dies, in exchange for premiums. That benefit can help with income replacement, outstanding debt, funeral costs, end-of-life expenses or a legacy for loved ones. We help individuals and families across Pennsylvania choose coverage that fits.
Three terms worth knowing
Premium
The payment required to keep coverage active.
Cash value
A feature of certain permanent policies that may accumulate value over time.
Term and permanent life insurance
Term life insurance
Term coverage lasts for a specified period, such as 10, 20 or 30 years. It is often chosen to cover time-bound needs such as income replacement, a mortgage or the years until children become independent.
Permanent life insurance
Permanent coverage is designed to remain in force for life as long as required premiums are paid. It may include a cash value component. Whole life is one type of permanent life insurance.
Medicare and life insurance serve different needs
Medicare is health insurance for eligible individuals and helps cover certain medical and hospital expenses. It does not provide a death benefit to your family or pay funeral expenses.
Life insurance is designed to provide financial support to beneficiaries after death, and some policies include living-benefit features.
Who may need life insurance?
If someone depends on you financially—or your passing would create costs for others—it is worth considering.
- Parents
- Couples
- Property co-owners
- Business owners
- Retirees
- Caregivers of a family member who needs lifelong support
If you already have a policy, a periodic review can help confirm that the coverage and beneficiaries still reflect your needs.
Want to see which life insurance options fit your situation? Let's talk.
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