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Life Insurance in Nevada
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Life insurance has more other benefits besides the death benefit to the beneficiaries. If you decide to go for permanent life insurance, ensure you get in touch with a licensed tax advisor. At Hinman & Associates Insurance, we believe in educating our clients and informing them of all the options that they have. Here are a few things you ought to know about life insurance in Nevada.
Types of life insurance cover offered at Hinman & Associates Insurance, Reno NV, Nevada
Here is a list of life insurance covers that we offer:
- Team Assurance Life insurance
This type of insurance provides protection that lasts for a limited period. The advantage of term assurance is that it is a cheap and simple form of life insurance. This because it only provides a cover that has no investment benefits.
- Whole-life life insurance
This cover involves a long time life protection and the premiums paid by an individual throughout their life.
- Unit Linked / Investment life insurance
Policies that we offer under this category that are part of the premium are used to purchase lifetime protection. The remaining bit is used to buy units in an investment fund that we manage.
- Last expense life insurance
The policy under this caters for any funeral expenses in Nevada of the policyholder of an insurance cover or the family members in the events of their demise. The benefits are always payable within 48 hours after the notification
Reasons one should purchase a life insurance cover
It caters for:
- College funding
When one passes away, our life insurance cover caters for their children’s education
- Income replacement
An example is when a couple that has survived on two incomes and the income reduces to one as a result of death. The death benefits that we offer is given to one's spouse to help with the day to day activities
- Mortgage protection
We mostly pay for any outstanding balances that are on mortgages when one dies
- Final expenses
This includes any burial costs when one is dead.
Contact us or visit our agents at Reno, NV and get a quote or any further details.