Term life insurance often costs less than permanent types of insurance because the coverage and timeframe are set, and it doesn’t accumulate cash value. Plus, the rate you pay each month stays the same. Compare quotes from national providers instantly with no obligation to buy.
In life, timing is everything. With set periods of coverage, you can be sure your family is protected until, for example, your kids are out of college or your house is paid off. Whether that day is 10 years from now or 30, term life insurance gives you options.
With term life insurance, you determine the benefit amount your family will receive. How do you determine the right amount? Consider things like your mortgage, car loans, the monthly income your family needs to live comfortably, and how much your child’s education might cost.
|What are your financial obligations?||Ex. mortgage: $250,000
Ex. car loans: $50,000
Ex. credit cards: $20,000
|How much income does your family need?||Ex. $5,000 per month|
|How much will your children’s education cost?||Ex. $100,000 for college|
|What might your funeral cost?||Ex. $20,000|
|TOTAL||$500,000 (for a 10-year term)|
1 Based on 20-year term life insurance for an eligible 35-year old female at a Select Preferred, Non-Smoking rate. Rate effective as of 9/13/2018 and subject to change.
2 Based on 20-year term life insurance for an eligible 35-year old male at a Select Preferred, Non-Smoking rate. Rate effective as of 9/13/2018 and subject to change.
Investments and Insurance Products are offered through Hancock Whitney Investment Services, Inc. Hancock Whitney Investment Services Inc. is a registered broker/dealer, member FINRA/SIPC and a Registered Investment Advisor. Hancock Whitney Investment Services, Inc. is a wholly owned subsidiary of Hancock Whitney Corporation.
Insurance Products are underwritten and issued by third party insurance companies which are not affiliated with Hancock Whitney Investment Services, Inc. and Hancock Whitney Investment Services, Inc. will receive compensation from such insurance companies or other third parties.
Investment and Insurance Products:
|NO BANK GUARANTEE||NOT A DEPOSIT||MAY LOSE VALUE||NOT FDIC INSURED|
|NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY|