Your People's Insurance Representative can help you choose the most appropriate policy, but here are some basic things to consider:
- Need short-term protection (fewer than 10 years)
- Want to keep your initial premiums low
- Only want to cover funeral expenses and provide money for the family to continue its normal lifestyle
- Are not concerned about periodically requalifying based on your health
- Need long-term protection (10 years of more)
- Want to keep premiums level over the years
- Want to build cash value to save for a major expense (buying a house, paying for college, retirement, etc.)
- Want to borrow on the cash value or use it as collateral
- Have concerns about requalifying based on your health
Not sure which type of insurance is right for you? Need help determining how much insurance coverage you need? Call us at 1-800-772-1090 or visit any People's United Bank Branch.
Investment & Insurance Products:•Not Insured by FDIC or any Federal Government Agency
•Not a Deposit of or Guaranteed by a Bank or any Bank Affiliate•May Lose Value
People's Financial Advisors is a division of People's Securities, Inc. Investments & Insurance are available through People's Securities, Inc. (member FINRA and SIPC), a subsidiary of People's United Bank.
