Life insurance for what matters most.

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Specializing In Individual Life Insurance:Insuring Your Life, Your World

Everything you work for is for the people who mean the most to you. Whether you’re starting out, have a growing family, or looking to secure a legacy for the future, protecting what you’re building – or have built – and ensuring your loved ones are taken care of tops your list. Life insurance can help you take care today not only for the unexpected but what you envision for tomorrow.

Our professionals at Cal-Nevada Insurance Agency can help navigate you through the various Life insurance options available. Depending on where you are in your life, your responsibilities and lifestyle, and your goals, we’ll provide you with solutions from which to choose.

Which Life Insurance Option Is Best for You?

Term Life Insurance

This is a straight policy with no savings component. The coverage lasts for a set period of time, and you pay the monthly premium. If you have a young family and a limited budget, Term Life can be a good choice. In the event of your untimely death, the policy can help provide your beneficiaries with the money to meet their daily financial needs or pay off any debts. Term insurance can also be converted to permanent insurance.

Advantages:

  • Term Life is straightforward and the policies are simple to understand.
  • There aren’t any hidden fees, exclusions or risks.
  • It’s typically the most affordable type of Life insurance.
  • You can cancel a term policy before it expires without losing any value.

Disadvantages:

When the policy expires, your coverage will as well. If you want to continue insurance, you’ll need to obtain a new policy or convert your policy into a form of permanent Life insurance, such as Whole Life.

Whole Life Insurance

This insurance builds cash value as a portion of your premium payments goes into the policy’s savings component. In most cases, the premium and death benefit stay constant for the duration of a Whole Life policy.

Advantages:

  • Whole Life doesn’t expire, so you can keep it for as long as necessary.
  • It can be useful as part of a larger financial or estate planning strategy, thanks to the cash value component.

Disadvantages:

  • Whole Life is far more expensive than Term Life.
  • Because of the cost, people often buy less coverage than they need or surrender the policy early.
  • Whole Life is more complicated than Term Life. The surrender value of the policy changes with time, which is something to pay attention to when accessing the cash value.

Let Us Make A Difference in Protecting You Against Risk

To learn more about our approach in protecting clients against the various business and personal risks they face today, or to schedule a meeting with one of our professional insurance advisors, please contact us at (866) 670-5948, or e-mail us at info@calnevadains.com.