Life insurance is a vital component of long-term financial planning for Boise residents. If you are the primary source of income for your family, life insurance replaces your income if you die unexpectedly and protects your family from financial hardship. Our partners at ConsumerAffairs researched the best life insurance in Boise to ensure your family’s financial stability.
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Life insurance is a way to make sure your family is cared for in the case of your untimely death. Life insurance benefits are used to replace income, repay outstanding debt, pay off a mortgage or cover the cost of funeral services. If you have children, the benefits can also be used as an inheritance or to pay for education costs.
Life insurance policies have multiple benefits, including:
Death benefits when a policyholder passes away
Loan options on some types of life insurance policies
Assured income for your beneficiaries
Increased coverage with riders
Favorable tax treatment
Types of life insurance in Boise
There are many types of life insurance policies in Boise, but most fall into these two categories:
Term life insurance provides coverage for a predetermined amount of time, usually from 10 to 30 years. Term life insurance policies cost less but do not hold cash value and only pay out if the insured dies within the term.
Whole life policies don't expire as long as you continue paying the premium and are more expensive than term life policies. Whole life policies give a guaranteed return on investment and accumulate a cash value over time that can be withdrawn by the policyholder.
Other types of policies available in Boise include universal life insurance, which has both a death benefit and cash value component, and burial insurance, which provides a smaller death benefit intended to cover burial costs and generally does not require a medical examination.
Finding a reputable life insurance provider in Boise
When selecting a life insurance provider in Boise, it’s important to find one that is reliable and financially stable. Because of the importance and value of life insurance policy, it’s crucial the provider can pay the death benefit claim. Companies such as MetLife, Prudential Financial, State Farm and New York Life Insurance Group have a long history of excellent customer service.
Your chosen life insurance provider will use many factors to decide your premium, including:
Your medical history
Nicotine and alcohol use
Whether you work in a hazardous profession
Type of insurance
Amount of benefit
By working with a reliable life insurance provider and choosing the right policy for your situation, you can ensure your family is taken care of financially under any circumstances.
Policygenius has a straightforward and easy-to-use website where customers can compare and buy life insurance. The company has a team of insurance experts to guide you through the application process and help you select the best type of life insurance for your situation. Customers in Boise recommend the company for its easy application process.
EverQuote works with your budget to find the least expensive policy that fits your needs. The company allows you to select from term life, whole life or universal life insurance and receive fast quotes from local and national life insurance providers. Boise customers appreciate the side-by-side comparison of multiple policies.
Associated Insurance Services
Associated Insurance Services is a local company that has been providing life insurance policies to Boise residents since 2005. They offer a complete line of policies that meet specific budgeting needs and partner with several top-rated insurance companies. Local customers say they appreciate the prompt and attentive customer service.
Three Rivers Insurance
Three Rivers Insurance Inc. has five separate locations in the Treasure Valley and offers a wide range of insurance policies. The company provides one-on-one assistance and believes in building long-term relationships with its customers. Boise customers appreciate the time the company’s agents spend explaining the available options.
Our partners independently research and analyze the companies mentioned in our guides and work with subject matter experts to add valuable information that helps consumers make smart purchase decisions. Our partners will not include companies on these guides that do not meet specific quality standards. The compensation we receive from our partners may impact how and where companies appear on our site, including the order in which they appear.
Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.