Life Insurance Overview

Life insurance is a critical part of a financial plan and must be considered carefully. Most policyholders consider life insurance a means to replace income if something happens to them.

While this is a wonderful reason to purchase life insurance, there are many other reasons, including investment, protection, and philanthropy.

There is a life insurance policy for every need.

Our agency can help find the right life insurance policy for you, and who, and what you love.

Here is a brief overview of the types of life insurance we offer:

Credit Life Insurance – A credit life policy pays or reduces any outstanding credit obligations the policyholder may have. This policy pays the benefit directly to the creditor and can be used in addition to other life policies.

Term Life Insurance – A term life insurance policy provides coverage for a fixed term that is selected by the policyholder. Terms may be 10, 15 or 20 years. These policies are highly customizable and can be purchased to correspond with financial purchases such as a mortgage or college tuition for dependent children. Term insurance is pure protection and does not build up any cash value.

Return of Premium Term Life Insurance- just like what it says, a return of premium life insurance policy is when the premium is returned at the end of the policy period.

Whole Life insurance – Whole life insurance policies feature a fixed premium payment and cash value that accumulates over time. Policyholders can choose the benefit amount of the policy, so they can have peace knowing their loved ones will be taken care of.

Universal Life Insurance – Universal life policies offer permanent life insurance with some flexibility. With a universal life policy, policyholders have flexibility with premium payments and benefits, and the cash value of the policy earns interest.

Indexed Universal Life Insurance – Indexed universal life policies have the same flexibility as a universal life policy, but they may also earn an additional return through the stock market. This type of life insurance policy can increase in value or decrease in value depending on the performance of the investments. These policies also have limited downside risk.

Variable Universal Life – A variable universal life insurance policy offers the same flexibility in premium payments as a universal policy, but also provides the policyholder the ability to invest the value of the policy in variable investment accounts. These policies can fluctuate greatly.

Life insurance can do more than just provide for your loved ones after you’re gone. It can be used as an investment tool, or to help secure a large financial obligation such as college tuition or mortgage. It even has uses as a charitable donation.

No matter what your life insurance needs, Balsiger Insurance can meet them.

Balsiger Insurance is an independent insurance broker with offices in Nevada, California, and Texas. Our agencies offer life insurance in many states throughout the USA, so give our office a call to learn what coverage we can offer you. For our specific location pages, please click the following links. Here’s the page for life insurance in Las Vegas, in Reno, and in Henderson, NV. Here’s the page on life insurance in Corpus Christi, TX. We offer life insurance in many other locations too, contact our office here to learn more.