“What will happen to my family’s

financial security if I die?”

If you support a family, keep a household running, or expect your children to attend college, life insurance can fill the gap that would be left if you were to die prematurely. Old Second offers the following types of life insurance through nationally recognized insurance companies:

• Whole Life
• Term Life

Whole Life Insurance

When you purchase a whole life policy, you traditionally pay a fixed premium for as long as you live or for as long as you keep the policy active. In addition to providing a death benefit, a whole life policy builds cash value.

Benefits of a whole life policy:

• Premiums generally remain fixed for the duration of the policy rather than increasing to match the increased risk of death.
• Loans may be available against the accumulated cash value of the policy.

Term Life Insurance

Term life insurance is pure insurance. If you die within the specified period when you are covered, the insurance company will pay your beneficiaries the face value of your policy.

Benefits of a term life policy:

• Lower premium cost than whole life.
• Use to pay-off your mortgage, cancel policy when mortgage is paid up.

For more information on insurance products sold through Old Second contact us at 630-906-2000.