More than 1.3 million Americans defend our country serving in the Army, Navy, Marines, Air Force, or Coast Guard.
Life insurance is particularly important for military personnel and their families, as the brave soldiers face both combat and dangerous travel. Life insurance aims to provide financial support for the family and loved ones when the insurance holder passes. This can cover funeral expenses, remaining debt, and additional costs, so that your family can focus on healing without being financially strained. Luckily, there are affordable and comprehensive policies that serve these military men and women.
There are two common types of life insurance: term, and whole life. Term life policies provide coverage for a designated period of time. If the policy holder were to die during the time of coverage, the beneficiaries would get paid a lump sum. The benefit of this insurance is that premiums are generally low and do not change over the course of a lifetime.
Whole life insurance is more complex. In a nutshell, theses policies pay a death benefit to survivors, can be used as tax-sheltered investment tools, and may be borrowed against while the policy is active. Premiums are more expensive and may vary on health factors.
If you are an active military member or retired veteran, there are exclusive options available to the armed forces. Injured or ill service members who do not qualify for insurance anywhere else may find a higher-priced policy from an insurance company that caters to the military. Young and healthy soldiers can lock in lower premium rates by taking advantage of health-based policies before illness or injury strikes.
Contact All Nevada Insurance in Las Vegas, Nevada, to find the correct life insurance policy for you and your family! As an independent insurance agency, we work alongside your needs and budget to select quality coverage!