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Personal Insurance - Protect the people you love.

Life Insurance FAQ's

How much life insurance do I need?

The amount of life insurance you’ll need depends on your individual or family circumstances. Your Sterling Wealth Services Financial Consultant* at any neighborhood Sterling National Bank Financial Center will listen to your individual needs and work with you to select the ideal coverage.

Which life Insurance policy is best?

It depends on the amount of coverage you want and how much you can afford. Keep in mind that one reason you buy life insurance is to cover the financial effects of an unexpected death. Plan to sit down with your Sterling Wealth Services Financial Consultant* – you’ll find one at any neighborhood Sterling National Bank Financial Center – who’ll listen to your needs and help select the coverage that’s ideal for you.

What is Term Insurance?

This policy offers coverage for a specified period of time such as 5, 10 or 20 years. It's usually purchased to cover mortgage debt or short-term financial needs, and tends to be the most inexpensive form of life insurance coverage.

What is Whole Life Insurance?

This policy offers coverage for the whole of your life. Over time it also builds cash value and premiums are usually paid for life.

What is Variable Universal life Insurance?

This policy offers the same benefits as Universal Life, but also allows you to choose from a variety of funds to invest in. Funds vary from conservative to aggressive in approach.

What is Long-Term Care Insurance?

The policy helps pay for the care you need when you or a loved can no longer care for yourself. And it helps preserve your assets while maintaining independence.

What is Disability Income Insurance?

The policy can help you meet expenses if you’re unable to work due to an illness or injury. By replacing a portion of your income, disability income insurance can help provide financial security until you get back on your feet and return to work.

What is Single Premium Life Insurance?

This policy is ideal if you want insurance protection without the monthly premium payments. With single-premium life insurance, you pay for the entire policy upfront.


*Legal Disclosures

The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with the residents of the following states: CT, NY, NJ, PA, MA, FL and CA.

Securities offered through LPL Financial, Member FINRA/ SIPC.Insurance products offered through LPL Financial or its licensed affiliates. Sterling National Bank and Sterling Wealth Services are not registered broker/dealers and are not affiliated with LPL Financial.


Not FDIC InsuredNo Bank GuaranteeMay Lose Value
Not a Bank DepositNot Insured by any Federal Government Agency