RRCU Financial Services – Life Insurance*
Prepare for your future and ease your mind today

RRCU Financial Services will do its best to provide a same-day quote if all required information is provided.

Depending on a variety of factors the amount of coverage you need may differ from that of other people. In the event of your death, the amount should be enough to cover your family’s expenses, such as mortgage and bills, in the future.

There are two possible outcomes if you fail to pay your premium on time. Term policies usually have a 30-day grace period, in which you can pay your premium without any interest or penalty charge. However, if it’s a permanent life policy, then you can tell your insurance company to deduct the premium from the cash value accumulated.

If your designated beneficiary dies before you do, your contingent beneficiary can get the lump-sum. Your estate goes through the probate process if there’s no contingent beneficiary for the death benefit.

Life insurance policy can cover an individual, married couple, and can at times, provide coverage for children as well. Whereas, a final expense policy simply offers coverage for multiple people, usually a family, on the event of their death.