What Is Life Insurance? | F&G Life Insurance

Life Insurance 101:

What
is life
insurance
?

A life insurance policy provides financial protection for your family in the event of your death. You make a contract with the insurance company, which pays a certain amount of money to your family upon your death.

What protection needs does life insurance meet?

  • Protect the lifestyle of your children, spouse or dependents in case of death
  • Accumulate funds for education or retirement
  • Gain flexibility to fund unexpected events, like critical illness or nursing home care

Life insurance is a long-term contract with an insurance company that provides a death benefit to beneficiaries upon the contract holder's death when sufficient premiums are paid to the insurance company. In return, periodic premiums are paid to the insurance company. It can also be used as a means of income by the cash value feature of some types of policies.

The life insurance policy's death benefit can fund dependents' needs for a long time. When buying life insurance, you need to decide how much you need, how long you need it, and what you can afford to pay.

F&G Life Insurance

What type of life insurance does F&G offer?

Fixed Indexed Universal Life

Fixed indexed universal life provides a death benefit to the policyholder's beneficiaries in exchange for periodic premium payments to the life insurance company. The accumulating cash value is tied to the performance of an index subject to a cap. The policyholder can choose an index such as the S&P 500®. You will never experience a loss due to index performance. We design our products for people who want a traditional death benefit, like the possibility of upside potential if an index grows with no downside risk, and values the option of taking policy loans against the surrender value of the contract.

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