Life Insurance

One of the most devastating events that can happen in a family's life is the death of a breadwinner without adequate insurance. There are three basic types of life insurance to consider:

Term
The most affordable, basic coverage for a specific time such as covering a mortgage for a 15, 20, or 30 year period.

Universal
Flexible permium options and face amounts. Guarantees on level premiums are available. Provides more permanent death benefits.

Whole Life
Traditional permanent insurance with guaranteed premium and cash value.

Once the right type of combination of types is determined, then the correct amount is next. Here are some factors to begin the process of how much insurance you need:

  • Income Replacement

  • Final Expenses

  • Mortgage Payoff

  • Education Funding

  • Car Loan Payoff

  • Endowment to Heirs

  • Credit Card Payoff

  • Estate Liquidity

  • Personal Loan Payoff

To calculate a preliminary face amount needed click here. The best way to make sure that you are covered adequately is to have a conversation with a financial professional like we have at Community Services, Inc.

For More Information you may call CSI at 256-543-7660 ext. 2202 or you may email Jim Houston. Click Here To Send Email

Community Services, Inc. is a subsidiary of Community Credit Union and has agents licensed and authorized to conduct insurance business in Alabama. This website is in no way to be construed as an offer for the sale of insurance in unauthorized states or countries. Insurance services offered through Community Services, Inc., a subsidiary of Community Credit Union.  Insurance products are not an obligation of or guaranteed by Community Credit Union.