31 July 2020

Life Insurance

For full functionality of this site it is necessary to enable JavaScript. Here are the instructions how to enable JavaScript in your web browser.

All MembersLearn more about term life insurance for all membersMilitary MembersLearn more about term life insurance for military members
All MembersLearn more about whole life insurance for all membersMilitary MembersLearn more about whole life insurance for military members
All MembersLearn more about supplemental life insurance for all members

What is life insurance, and why do I need it?

Life insurance is an amount of money paid to your loved ones in the event of your death. It can pay off debts and final expenses, fund children’s education, pay off a mortgage and take care of day-to-day needs for those who depend on you.

How much coverage do I need?

While you can’t pinpoint exactly how much life insurance you’ll need to purchase down to the nickel if you use a strategy that takes into account your current financial situation and future needs, you can make an informed estimate. Figure out how much you need by considering a few key factors using our life insurance calculator.

What’s the difference between term and whole life insurance?

Whole life insurance is probably the most well-known and offers you lifelong protection with benefits including wealth transfer, charitable giving and maintaining the same standard of living for your family. Term life insurance is good for fixed-term coverage needs like paying off a mortgage or funding your child’s education.

Navy Federal uses small text files called cookies to collect anonymous Web site traffic data. This information helps improve our Web services. Our cookies do not collect or store any personally identifiable information.

Source

Leave a Reply

Your email address will not be published. Required fields are marked *