Life Insurance

With the right Life Insurance policy, you can provide your loved ones with financial security during an especially trying time. It’s an extraordinary gift that will ease their emotional burden and help them move forward with peace of mind.

We’ve helped thousands of families and individuals weigh their options and choose the best Life Insurance policy for them, and we do it all using straightforward terms and practical, personalized advice.When you select the policy that works for your family, you’ll feel confident and comforted knowing that you’ve planned ahead.

You care for your loved ones every day. Ensure that they’re always protected, no matter what the future holds.

Must be RFCU® member to obtain investment products. Must be eligible for membership and open a share savings account in order to join. A $5.00 minimum balance is required to open and must be maintained in share savings account at all times. Fees and other restrictions may apply.

Securities offered through LPL Financial, member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. The investment products sold through LPL Financial are not insured Redstone Federal Credit Union® deposits and are not NCUA insured. These products are not obligations of the Redstone Federal Credit Union and are not endorsed, recommended, or guaranteed by Redstone Federal Credit Union or any government agency. The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible. The investment products are being offered by a dual employee of Redstone Federal Credit Union who also sells investment products for the third party insurance company.

The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: Alabama and Tennessee.

Redstone Federal Credit Union and Redstone Brokerage Services are not registered broker/dealers and are not affiliated with LPL Financial and are separate entities. Redstone Federal Credit Union and Redstone Brokerage Services are affiliated but are separate entities. RFCU does not warrant, guarantee, or insure any product or service offered by LPL or Redstone Brokerage Services.

Why do I need Life Insurance?

A good Life Insurance policy will:

Compensate for loss of income
Assist with debts and costs in the short term
Provide funds for college and other future expenses
Help your family continue their standard of living

How much do I need?

You’ll need enough to ensure that your family can continue living the way they do now when you’re no longer around. That number varies with each family. When considering an insurance plan, it helps to ask yourself a few questions and then crunch the numbers. What would it take for your family to continue living in your current home if you were to pass away? What about college for your children? Your spouse’s retirement? After evaluating your everyday expenses and goals for the future, a Redstone Brokerage Services agent can help you determine how much coverage you’ll need.

What type of coverage is right for my family?

One of the first things you’ll want to consider is whether to purchase temporary or permanent Life Insurance. What’s the difference? Term, or temporary, Life Insurance covers you for a set period of time—for example 10, 20, or 30 years. Permanent Life Insurance is an investment that provides benefits for your entire life, no matter how long you live. A Redstone Brokerage Services agent can explain the different types of Life Insurance in more detail and will work with you to find the insurance policy that makes the most sense for you and your family.

We offer a variety of plans and options to fit your budget and your goals. To discuss these policies in more detail and to find the best option for you, contact a member of our Insurance Team or get a quote online.

Single Premium Life Insurance

A single premium is deposited creating an immediate death benefit guaranteed for the remainder of the policy owner's life
For those who want to transfer wealth to the next generation while maximizing the amount of funds transferred

Term Life Insurance

Provides a cost-effective solution for your temporary life insurance needs
Gives you the flexibility to change your policy should your temporary needs turn into permanent goals
Offers the greatest amount of coverage with the lowest premium

Whole Life Insurance

The simplest form of permanent life insurance, it features lifelong protection
This predictable option provides guaranteed premiums, death benefit, and cash value

Survivorship Life Insurance

May be ideal for those who want to leave an inheritance, protect a business, or provide a lasting benefit to a charity
Covers two people, usually spouses, under one policy, but provides a benefit only after the second person passes away, which is typically when estate settlement matters arise
An important part of any estate plan

Mortgages are only available for properties located in Alabama and Tennessee.

Loans subject to credit approval. Must be RFCU® member to obtain mortgage. Must be eligible for membership and open a share savings account. A minimum balance of $5.00 is required to open and be maintained in share savings account at all times. Fees and other restrictions may apply. Contact Credit Union for details. Various types of mortgage loan programs and terms are available. RFCU is an Equal Opportunity Lender. Rates, terms and conditions are subject to change without notice. Must create separate user name and password to gain access to mortgage application process

*Consult your tax advisor regarding the deductibility of mortgage interest and private mortgage insurance premiums.

**LPMI typically terminates only when the loan is refinanced, paid off, or otherwise terminated. For BPMI, when the loan-to-value ratio reaches 78% of the original value, BPMI will be automatically terminated.

Redstone Services GroupSM, LLC d/b/a Redstone Insurance Services, is a wholly owned subsidiary of Redstone Federal Credit Union^® (RFCU^®) but are separate entities. Redstone Services Group, LLC is a licensed insurance agency that sells insurance policies issued by third party insurance companies. The insurance products are not products or obligations of RFCU, are not NCUA or federally insured and are not endorsed, warranted, recommended, or guaranteed by RFCU or any government agency. The insurance products may be offered by a dual employee who also sells insurance products on behalf of a third-party insurance company. RFCU and its affiliates are committed to fair, equitable and nondiscriminatory practices.

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