What Is Life Insurance?

What is Life Insurance?

Life insurance is a long-term contract with an insurance company that promises to provide a death benefit to beneficiaries upon the contract holder's death. In return, periodic premiums are paid to the insurance company. It can also be used as a means of savings by the cash value feature of some types of policies. The life insurance policy's death benefit can fund dependents' needs for a long time. When buying life insurance, you need to decide how much you need, how long you need it, and what you can afford to pay.


What protection needs does life insurance meet?

  • Protect the lifestyle of your children, spouse or dependents in case of death
  • Accumulate funds for education or retirement
  • Gain flexibility to fund unexpected events, like critical illness or nursing home care
  • Transfer assets to your heirs

What type of life insurance does FGL offer?

Fidelity & Guaranty Life offers fixed indexed universal life.

Fixed indexed universal life provides a death benefit to the policyholder's beneficiaries in exchange for periodic premium payments to the life insurance company. The accumulating cash value is tied to the performance of an index subject to a cap. The policyholder can choose an index such as the S&P 500®. You will never experience a loss due to index performance. We design our products for people who want a traditional death benefit, like the possibility of upside potential if an index grows with no downside risk, and values the option of taking policy loans against the surrender value of the contract.


Take the most important step.
Talk to a financial & insurance professional.