Life Insurance

Determining the best type of insurance depends a lot on your specific personal circumstances. FNB offers a variety of policies to suit your individual needs. By focusing on the reasons you need life insurance, we can help you pinpoint the right type of insurance.

Term life and permanent life are the two main types of insurance policies. While permanent life lasts your entire lifetime, it is generally more expensive while term insurance lasts for a set period of time that you choose when you buy the policy, and is generally less expensive. Term policies are available for set periods such as 10, 20 or 30 years.

Basic Term Life is an affordable option for income replacement. This type of insurance provides funds for your family to replace income lost due to the insured person's death during the policy term. The basic term life option provides coverage for amounts up to $500,000.

Term Life for Asset Accumulation is a good option if you're looking for insurance coverage to protect against financial liability for significant expenditures and provide assets for your family. You can use this type of insurance to provide income replacement for living expenses, pay off your mortgage or other significant debts such as college tuition, or to leave a financial legacy for your loved ones. Term Life for Asset Accumulation provides coverage for amounts over $500,000.

Permanent Life insurance products provide benefits including coverage that lasts from the time you buy a policy to the time you pass away, as long as you pay the required premiums. These types of policies can be used to build long-term savings and to supplement your retirement income while offering a variety of tax advantages.¹