How to buy Life Insurance in Nevada
What is the first thing to look at when buying life insurance? This is our guide to Nevada life insurance products. I will go through and explain what you need to look at, be aware of, and how to buy life insurance. There are many different products for life insurance out there and all the terms can get confusing. Things like cash value, death benefit, whole life, universal life, and term insurance can fly way over someone’s head.
Reason to buy
The biggest thing to look at for life insurance is your reason why. Life insurance can provide many things. For some it provides protection for one’s family and for others like business owners it can protect a key employee. Paycheck protection is the most common reason for our clients who purchase life insurance. The amount to buy is completely up to you and depends on how you want to take care of your family.
What Kind of Insurance can I buy?
As I said above there are many types of life insurance. If you have a temporary need for life insurance, then a term policy would be best for you and your family. If you are looking for a permanent policy, then a whole life policy would be best. Most of the time term policies are purchased in five to ten-year increments. You may also buy a twenty-year or thirty-year term policy. The premiums are always lower than that of whole life policies with the same death benefit.
Whole life insurance provides a death benefit that will stay with you the rest of your life. The premiums are higher, but benefits are greater for whole life. Whole life provides a cash value. Cash value is a living benefit that one has access to throughout the life of the policy. The longer you pay into a policy the higher the cash value is.
Let us be Your Guide to Nevada Life Insurance.
We can shop most life insurance companies in Nevada. We will be your guide to Nevada life insurance and the best part about that is, we do not charge anything and your premium doesn’t change if you use us. Give us a call here at Health Benefits Associates and we will help you find the best policy that fits your needs.