Find the best life insurance in Pahrump
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Looking for life insurance in Pahrump? The average life insurance premium in Pahrump is about $27 to $50 per month for a 35-year-old healthy non-smoker according to our quote history.
Wondering whether YOU need life insurance? What IS life insurance, exactly? We’ll answer those questions and more- consider this your life insurance primer! Life insurance is a contract between you and your insurer that provides a tax-free lump sum of money to replace lost income after your death. If you have debts, dependents, or just want assurance that your loved ones will have access to means to settle your accounts when you’re gone, you’ll need life insurance.
Life insurance premiums vary according to the amount of coverage, age, health, and lifestyle of the insured, as well as other variables. The money from a life insurance policy can be used to pay expenses like a mortgage, utility and grocery bills, children's college costs, final funeral arrangements, and more.
Why do you need life insurance?
Life insurance is one of the tools for financial planning. Many financial experts or your financial managers in your bank may have told you that life insurance is an important tool in following situations:
- Substitute income for your dependents if you die
When your children depend on your income to survive, the life insurance you purchased can substitute that income if you die.
- Pay your funeral and burial costs
- Make charitable contributions
- Tax benefits
How much does life insurance cost in Pahrump?
As mentioned above, there is a range of pricing when it comes to life insurance premiums that varies across states. According to S&P Global Market Intelligence1 and our quote history based on a 35-year-old healthy non-smoker, the average life insurance premium in Pahrump is about $27 to $50 a month. Standards of living, risk factors, and more are taken into account in order to arrive at these rates. In addition, there are additional factors to consider, such as gender and age.
If you are wondering how much it costs for you, hit the big button below to get your free quotes.
What are the common types of life insurance?
As you may have heard lots of types of Life Insurance, there are primarily two major types of life insurance: term and whole life. Usually, life insurance sold to individuals are different than those for groups. Below we can find more information about those two major types of life insurance.
- Term life insurance
Term life insurance is the simpler than other types of life insurance. It pays only if death occurs during the term of the policy is effective, which you can choose usually between 1 to 30 years.
Whole life insurance
Whole life insurance sometimes also is called permanent life insurance. It pays a death benefit whenever you die. It can be further categorized as traditional whole life, universal life, or variable universal life.
Learn more about Nevada life insurance
If you are wondering what are the steps for purchasing life insurance or what factors impacts the life insurance premium in Nevada, click here to learn more about life insurance in Nevada.
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Our articles are intended for informational purposes and should not be considered legal or financial advice. Our articles are not written or reviewed by insurance agents. Consult your policies with your agent or a professional for details regarding terms, conditions, coverage, exclusions, products, services, and programs.
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