There is more than one way to protect your family’s financial future upon your death. LGFCU makes available whole life insurance protection to help assure the well-being of your loved ones.
Whole Life Insurance provides coverage for your lifetime. It also accumulates a cash value—accessible in the form of loans or withdrawals—and can serve as a future source of money as well as life insurance protection. Your death benefit will never decrease and premiums will never increase as long as your policy remains active.
Help protect your family’s quality of life in the event of your untimely death. LGFCU now makes available more choices for term life insurance to provide your loved ones with the resources they may need to pay off outstanding medical, funeral or other debt when you no longer can.
Term life insurance is available for a specified period of time—one, five, 10, 15, 20 or 30 years. It is offered as either a level death benefit (one that remains the same throughout the policy period), or a decreasing death benefit (which decreases, typically on an annual basis).