Life Insurance in Las Vegas – Term, Whole & Universal
Cornerstone Wealth Management is a group of life insurance specialists in the Las Vegas area. We take your unique situation into account in order to select the option that will work best for you. Add a little extra security to your future by calling us now.
What’s life insurance?
Life insurance is a contract between a person and an insurance company. The customer agrees to pay a specified amount, or “premium”, on a regular basis, and the company agrees to pay a designated amount to a beneficiary under certain circumstances (generally at the policy owner’s time of death).
What is the difference between term, whole & universal life insurance?
In general, are three kinds of life insurance to purchase: term, whole and universal. When it comes to the difference between term and whole life insurance, it’s important to know how each one works.
Term life insurance lasts for a specific duration and only needs to be paid for a set amount of time to help your survivors for a set period of time.
Whole and universal life insurance are the two most used types of life insurance. These policies are continuous solutions, set up to last the entire duration of the policy owner’s lifetime. If properly created, there are many perks to universal or whole policies, like simple access to your resources while also adding to the monetary value, because it adds to tax-advantaged development of your savings.
It’s important to remember that universal and whole life insurance are both permanent, guaranteed for the entire duration of the owner’s life while term life insurance only lasts for a specified amount of time. All three can be beneficial, depending on the individual and their circumstance, but the benefits of whole and universal life insurance include easy access to funds and tax-advantaged growth of wealth. That’s why it’s important to talk to an experienced agent.
All types of life insurance have benefits. Your needs will decide the best life insurance plan for you and your loved ones. Being able to figure out which policy fits your life is best left to a professional. To learn which life insurance solution will work for you, talk to our insurance professionals in Las Vegas at Cornerstone Wealth Management.
How does life insurance compare to other investment options?
All investment plans have pros and cons depending on your particular background. If you want to make the right choice, you should select an experienced financial professional.
Who Needs Life Insurance?
Everyone. Life insurance provides peace of mind to people at any stage of life.
Why Should You Purchase Life Insurance?
- Remove the burden of paying for funeral costs from your family
- To cover the expense of children still living at home
- Paying off mortgages and other outstanding debts
These only represent a portion of the reasons why you should buy life insurance and there are many more benefits. It can be difficult to pinpoint exactly what you need in terms of life insurance. But that’s where we come in. A professional agent can evaluate your circumstance, provide free quotes and find the perfect life insurance policy that fits your needs. If you’re in Las Vegas, you can learn more by contacting a life insurance professional at Cornerstone Wealth Management today.