Life Insurance in Idaho

From hiking in Boise National Forest to skiing in Bogus Basin, Idaho residents are perfectly positioned to enjoy an active, healthy lifestyle. Although these adventures can help you maintain good health, they can also put you at risk of an unexpected accident. Not to mention, as we get older, the need for life insurance gradually increases. Remember that you're never too young to start a Boise ID life insurance policy, but there are a few basics you'll want to know first.

Types of Life Insurance Policies

At Boise ID Fuhriman Insurance Agency, we believe that life insurance policies aren't one-size-fits-all. There are three basic types of life insurance policies, which include whole life, universal life, and variable life policies.

Whole life - This type of policy remains active throughout the insured Idaho resident's entire life, and accumulates a real cash value. Upon death, the policy is paid out to a designated beneficiary, which can be a spouse, parent, friend, child, or any other type of loved one.

Universal life - Unlike whole life insurance, a universal life policy is a permanent type of life insurance. Since UL is most profitable when used as a long-term investment strategy, it's an ideal policy type for younger insurers. Although policy terms vary, a general rule of UL policies is that payments that exceed the current cost of universal insurance are credited toward the cash value of the policy.

Variable life - Variable life insurance is also a permanent type of life insurance that builds a cash value. What makes it variable is that it can be divided up into several accounts, which are then invested in stock and/or bond markets.

Which is Right For You?

At Boise ID Fuhriman Insurance Agency, we strive to help you find the best plan for your needs at the most affordable cost. Since bundling insurance policies usually gets you a discount, our insurance agents encourage you to use our helpful tool to compare quotes on home and car insurance, so you can find a policy that suits all of your diverse insurance needs.

If you have any questions about Boise ID life insurance or other types of policies, feel free to contact our agency for answers and advice.