Association

The insurance match game:
What kind of life insurance do you need?

Life insurance serves as the cornerstone of any sound financial program. It can be used to provide a family with financial security, accumulate funds for a college education, supplement a retirement fund and much more. Keep in mind that loans and withdrawals will reduce both policy cash value and death benefit.

		How much do you know about the different types of life insurance that are out on the market? Which product might be right for you? Take our quiz to find out.

Match the type of life insurance that's best for each individual described.


A	Variable Life Insurance* Combines traditional insurance coverage with investment options and flexibility to adjust to life changes.

B	Variable Life Insurance - 2nd Death Variable life insurance with second-to-die coverage.

C	Adjustable Life Insurance Cash-value life insurance that can adjust to meet your needs throughout your lifetime.

D	Children's Adjustable Life Insurance A flexible policy you can purchase for your child to begin lifelong coverage.

E	Single Premium Adjustable Life Insurance An adjustable life policy with just one premium payment.

F	Whole Life Insurance Provides lifelong coverage with low, guaranteed premiums.

G	Term Insurance Provides a guaranteed death benefit for a specific length of time.

1.			Jim is a conservative investor who wants a life insurance policy with guaranteed principal and interest. He wants the ability to make just one premium payment, but he also wants the flexibility to make changes to his policy in the future.

2.			Harry and Helen want to give their grandchild, Allan, a life insurance gift with low premiums that can be used to fund his college education.

3.			Nancy wants a low-cost insurance policy to last for a relatively short period of time. The benefits would be used to pay income or estate taxes due at death or provide income replacement for her family.

4.			Dave wants many things from his life insurance policy: guaranteed insurance protection, the ability to access cash value to help meet financial goals, income tax advantages and investment flexibility. He wants a policy with a variety of subaccount choices in which to invest.*

5.			Bob and Sue want to purchase a gift for their daughter, Ellen. They want affordable coverage for her while she is young, plus the flexibility to meet future insurance needs when she is an adult with just one policy.

6.			Chris wants insurance protection with cash value accumulation. She is young and wants the ability to make changes to her coverage as her life changes (e.g., birth of a child, marriage), but she wants to keep one policy. She is not interested in using specific investment options.

7.			Gary and Jane want to purchase an economical life insurance policy that offers estate planning advantages. They also want investment flexibility and the ability to tailor their plan to meet future needs.

			* Investments in variable subaccounts will fluctuate, and when redeemed, may be worth more or less than when originally invested.

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