Life Insurance

Life Insurance In Idaho

Life insurance is a useful tool for safeguarding the financial well-being of loved ones, making it among the most essential policies to carry. We offer a variety of insurance options, ranging from term policies to permanent life insurance such as universal or whole life. There are benefits to each type of insurance.

Term Insurance

Low-cost and effective, temporary life insurance policies are popular among consumers. Term policies are considered temporary because the coverage is set for a specified number of years. The policy pays out a specified dollar amount upon the passing of the holder. However, if the holder passes after the term expires, and the policy wasnt extended, then there is no death benefit. This type of policy is advantageous because premiums are lower relative to permanent insurance.

Permanent Insurance

Having a cash surrender value tied to an insurance policy, along with tax-deferred savings, is important for many policyholders. As such, permanent policies such as universal and whole life are the right option. While the monthly premiums associated with these policies are typically higher, part of those premiums is invested. If the policyholder wishes to cancel the life insurance policy, then those premiums that were invested are returned to the holder. Also, there is no set term associated with the policy.

Choosing the Right Option

At Montoya Insurance Group in Idaho, we strive to tailor policies to meet clients needs. We use a variety of policies, such as life, umbrella, and general liability coverage, to mitigate risk. Clients can expect the highest level of service and attention, making it easy to get the right coverage at the right price.

To learn more about life insurance policies and different options, please contact Montoya Insurance Group in Idaho today. Life is full of risks that can be substantially mitigated with an adequate insurance policy. Protect your beneficiaries and their financial well-being.