Life Insurance

What is Life Insurance?

Life insurance is an affordable way to protect your family financially in the event you’re not there to take care of them. Life insurance can help with things like paying the mortgage, college tuition, final expenses and more.

What is Life Insurance?

A life insurance policy allows you to provide a financial safety net for your loved ones in case you pass away. By paying regular premiums, your beneficiaries can receive a

designated sum, known as a death benefit, to be used however they like — for funeral services, paying off outstanding debt, and even everyday expenses.

Life Insurance Purpose

Life insurance is designed to provide financial support

and peace of mind for your loved ones after you pass away.

Protect Your Loved Ones

Life insurance provides essential financial support to your family, helping them maintain stability and cover living expenses when you’re no longer there.

Cover Major Expenses

It can help pay for funeral costs, mortgage payments, debts, and other financial obligations — easing the burden during a difficult time.

Guaranteed Payout

You pay a set monthly premium, and in return, your insurer provides a guaranteed lump-sum payment to your beneficiaries after your passing.

Who should get life insurance?

If your death would have a financial impact on the people in your life, then you should get life insurance. Examples of people who should consider life insurance include:

Primary earners in the household

People with dependents

Stay-at-home parents

Small business owners

Co-signers or co-owners of debt

When It Comes to Your Financial Future,

the Best Time to Act Is Now

Take the first step toward freedom.

Fill out the form below to speak with one of our experienced Case Counselors — absolutely free.

© 2025. Formula Financial. All rights reserved.

© 2025. Formula Financial. All rights reserved.

Privacy Policy

Privacy Policy

Terms of Use

Terms of Use