You’re expecting or already have a family
As a new or expecting parent, life insurance can help protect your growing family's financial future. CAA Term life insurance helps to ensure that your loved ones can have the necessary financial resources if the unexpected occurs.
Should you pass away while your coverage is active, term life insurance can provide a tax-free lump sum payment to your beneficiaries. This payment can be used to replace your income and cover various life expenses, including household bills, childcare and tuition costs.
You’re retired or plan to retire soon but don’t have enough savings
If you're a retiree or getting ready to retire, life insurance acts as a valuable financial safety net for your partner, children or anyone else who relies on you financially. In the event of your death, a term life insurance payout can handle expenses like funeral costs or help pay off debts. Additionally, it can assist in covering day-to-day expenses or could act as an inheritance for your beneficiaries.
You have a partner and you rely on each other’s incomes
Partners and spouses who rely on each other's incomes may encounter financial difficulties when one spouse passes away. However, term life insurance can serve as a valuable solution to bridge this income gap. It can provide essential financial security to the surviving spouse, ensuring they can maintain their current lifestyle, cover living expenses, settle outstanding debts or take some time off.
You own a home
Term life insurance often offers a lump-sum payment to help your family cover the mortgage and other living expenses. This ensures that they can continue living in the home, even if you're no longer there to contribute financially.
You own a business
Term life insurance goes beyond protecting your family and loved ones; it also serves as a safeguard for your business. If the unexpected happens, the payouts from term life insurance can help provide support to your business partners, employees and even help pay off business loans.
You have outstanding debts
Did you know that when you pass away, any outstanding debts like a mortgage, car loan or student loans can affect what’s left over for your loved ones? That's where term life insurance comes in. It can help protect your family and loved ones from the financial burden of these debts.
You have financial dependents
Term life insurance is a valuable tool to safeguard your loved ones and those who rely on your financial support, like elderly parents or disabled family members. With a lump-sum payout, you can rest assured that their needs will be met, even if you're no longer here.
Request a CAA Term Life Insurance quote online
Call 1-866-714-9007 and talk to a licensed Insurance Advisor now
