The Basics of Life Insurance Products

June 30, 2025 Life Insurance

The Basics of Life Insurance Products

You’ve worked hard to build your world and nurture everyone in it. Life insurance is one of the most important financial tools for protecting your loved ones and providing security for their future.

If you have dependents who rely on your income, life insurance can be a key part of your financial planning. There are several types of life insurance products to consider, each with its own benefits, from ensuring your family has a safety net to cover expenses to even providing for yourself in retirement.

Term life insurance is the more affordable option. It provides more affordable coverage for a set period (typically 10, 20, or 30 years) and pays a benefit when the insured passes away. After the 10, 20, or 30 year period, it usually can be kept, but the premium increases each year. It’s a great choice for those looking for affordable protection during their working years.

Whole life insurance, on the other hand, offers lifelong coverage at a set premium amount and includes a cash value component that grows over time. This type of policy can be more expensive, but it may be worth it.

Annuities are a different kind of insurance product designed to provide a steady stream of income in retirement. Purchased with a lump sum or series of payments, they can help ensure you don’t outlive your savings.

You can learn more about our specific products at https://www.sfbli.com/products. Or better yet, talk to a Southern Farm Bureau Life Insurance agent. They will take the time to walk you through the options and help you determine the best path for your world.

Southern Farm Bureau® Life Insurance Company offers life insurance in Arkansas, Colorado, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Texas, and Virginia.

Life Insurance and Annuity products are offered through Southern Farm Bureau Life Insurance Company, Jackson, MS.