Term life Insurance

Re-posted on 3/25/20

Term life insurance provides coverage for a certain time period.  10 year “term” or 20 year “term”.  It is designed to protect and provide financially for your spouse and children in case you die prematurely.  If you have a term policy and die within that “term”, your beneficiaries receive the “death benefit”.

Call For FREE Help (702) 898-0554

RePost - Term Life Insurance vs. Whole Life Final Expense Insurance

Term life insurance policies will often have terms of one year to 30 years.  Typically, the monthly premium (monthly payment) stays the same throughout the term of the policy.  The only way to collect on this type of policy is death.

Parents or spouses will usually choose a term length that goes along with the number of years their families would be most financially vulnerable.  How much would be needed if you were no longer there to provide for them.  The payout would replace your income, and help pay for monthly costs you now provide for them.

The design of a term life insurance policy is thought to end around the time the term expires.  Your kids will be grown, you’ll have your house paid for, you’ll have money in savings and/or a 401k plan or retirement plan.

Call Us For Assistance

(702) 898-0554

Get a Fast & Free Online Quote

Final Expense Whole life Insurance

Whole life insurance provides coverage your whole life, and it includes something called “cash value”.  Think of it like a mini savings account attached to the policy.  The cash value grows, and you won’t pay taxes on it.  You can borrow money against the cash value, or “surrender” (cancel your plan) for the cash.

CAUTION:  If you don’t repay your policy loan amount with interest that you borrowed from your cash value, you will reduce your death benefit (the amount your policy is worth).  If you surrender your policy, you’ll no longer have coverage.

Final Expense Insurance is considered to be a type of permanent life insurance.  It lasts as long as you live.  The death benefit is guaranteed, and the cash value account grows as you make your monthly payments.

Nevada Insurance Enrollment Will Assist You

If you’re seeking a new life insurance policy, allow a qualified health insurance agent to help you find the plan that best fits you and your family. Our services are free to our customers, making it a risk-free way to ensure that you’re getting the right coverage for your needs and budget.

Related Articles:

What is Funeral, Final Expense, Cremation Insurance?

Two of the Most Naïve and Aggravating Things Insurance Agents Hear

Looking for Funeral / Cremation Insurance? 8 Reasons to Call

Bundling Your Home, Auto and Life Insurance Saves You Money

Read More: Health Insurance in Las Vegas, Nevada

Call us for assistance

(702) 898-0554

Serving Las Vegas, Henderson, North Las Vegas and the entire state of Nevada

Three Ways to Enroll

1).  Apply by Phone

(702) 898-0554

2).  Apply in Person

(by appointment ONLY)

Please call to make an appointment

3).  Online Quote

Path Image - Insurance is confusing

Search This Website

Enter a search term here

Generic filters
Exact matches only
Search in title
Search in content

Why Go Anywhere Else?

When you can have an experienced and caring professional guide you.

Insurance Quotes | Plans | Coverage
Nevada Insurance Enrollment small logo - Insurance Agency in Las Vegas, Nevada
Read why it’s smart to use an insurance agent

Nevada Insurance Quotes

Serving Las Vegas, Henderson, North Las Vegas and the entire State of Nevada

Auto | Homeowners | Health | Life | Medicare | Funeral / Cremation | Group Health | Short Term | Dental & Vision | Travel Insurance

Authorized Agent for: Nevada Health Link, Anthem Blue Cross & Blue Shield, Sierra Health & Life, Health Plan of Nevada, Aetna, Prominence, Hometown Health, Ambetter/Silver Summit

Farmers Insurance – Shelly Rogers Agency in Las Vegas, Nevada