Life insurance creates financial protection for your family. If you were to die prematurely, you want to make sure your family is taken care of. That's the primary purpose of life insurance.

Life Insurance can also grow equity to supplement future income needs. For instance, think about enjoying a long and healthy life and living well into retirement. Permanent life insurance may be able to provide money to help cover your living expenses.

Types of Life Insurance

Term Life
​Insurance

Term life insurance provides protection for a limited period of time - typically 10, 15, 20 or 30 years. Premiums and the death benefit remain level for the term you select as long as you pay the required premiums.  Many term life policies include an option to convert the policy to a permanent life insurance policy, in many cases, without a medical exam.
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Whole Life
​Insurance

Whole life insurance is a permanent insurance that features level premiums while building cash value at a guaranteed interest rate. You may be able to use the policy's cash value to pay for college, supplement your income during retirement or for other financial needs.
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Universal Life
​Insurance

Universal life insurance is a permanent insurance that provides protection in case of death as well as a savings or "cash value" component. Within certain guidelines, premiums amounts are flexible and can be paid as often as you choose. Universal life policies may allow you to use the cash value from your policy to help pay for college, supplement your income during retirement or for other financial needs.
Life Insurance For The Stages of Your Life
Using Life Insurance While You Are Living
How much Life Insurance do you need?
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*Representatives offer products and services using the following business names: Lake Michigan Benefit Associates, Inc. – Insurance and Financial Services | Ameritas Investment Company, LLC (AIC), Member FINRA/SIPC – Securities and Investments | Ameritas Advisory Services (AAS) - investment advisory services. AIC is not affiliated with Lake Michigan Benefit Associates, Inc. Marshall & Stevens, or any other entity mention herein.

Products and services are limited to residents of states where the representative is registered. This is not an offer of securities in any jurisdiction, nor is it specifically directed to a resident of any jurisdiction. As with any security, request a prospectus from your representative. Read it carefully before you invest or send money. A representative will contact you to provide requested information. Representatives of AIC do not provide tax or legal advice. Please consult your tax advisor or attorney regarding your situation.