San angelo federal redit union term life insurance ncua

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Life Insurance

Life Insurance

Most of us have a picture of how life will go—a first job, promotions, marriage, children and finally, a well-earned retirement. But, sometimes life goes off script.

Why Should I Purchase Life Insurance?

The simple answer is to protect your loved ones. Life insurance can give you peace of mind, knowing those who depend on you for regular income will be financially protected. We've partnered with several life insurance companies to offer you affordable options.

Term Life

If you’re looking for low-cost coverage, a term life policy is the most affordable type available. You’ll be able to choose for how much and for how long the policy will cover you. Options that don't require a medical exam are available.

Whole Life

A whole life insurance policy, sometimes referred to as “permanent life,” offers lifelong protection. In addition to insuring your life, it can be customized to address unique financial goals, like transferring your assets and charitable giving. Options that don't require a medical exam are available.

Accidental Death & Dismemberment Coverage

AD&D insurance can be an important part of your financial safety net. It pays a cash benefit in the event of an accidental death or if an accident causes specific permanent injuries.

FAQs

Not sure where to start? That’s okay—we can help you get the coverage you need to protect you and your loved ones.

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.

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 Information

Navy Federal Investment Services

Navy Federal Investment Services provides tailored financial plans for our members' individual needs. If you'd like to learn more about Navy Federal Investment Services or our individual Financial Advisors, please check us out on FINRA's BrokerCheck.

877-221-8108 - invest@navyfederal.org 1007 Electric Avenue, Vienna, VA 22180

Policy & Disclaimers

© 2024 Navy Federal Credit Union. All rights reserved.

Navy Federal Financial Group, LLC (NFFG) is a licensed insurance agency. Non-deposit investments, brokerage, and advisory products are only sold through Navy Federal Investment Services LLC (NFIS), a member of FINRA/SIPC and an SEC-registered investment advisory firm. NFIS is a wholly owned subsidiary of NFFG. Insurance products are offered through NFFG and NFIS. These products are not NCUA/NCUSIF or otherwise federally insured, are not guaranteed or obligations of Navy Federal Credit Union (NFCU), are not offered, recommended, sanctioned, or encouraged by the federal government, and may involve investment risk, including possible loss of principal. Deposit products and related services are provided by NFCU. Financial Advisors are employees of NFFG, and they are employees and registered representatives of NFIS. NFIS and NFFG are affiliated companies under the common control of NFCU. Call 1-877-221-8108 for further information.

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