The Value of Life Insurance When Protecting Your Family

Secure the Future of Your Loved Ones with Life Insurance

The unpredictability of life underscores the importance of securing the future of your loved ones with life insurance. This financial safeguard assures you that your family is protected even in your absence. If you’re based in Boise, ID, Fuhriman Insurance Agency is your ideal partner.

Strategically Planning for Your Family’s Financial Health

Our life insurance policies are not off-the-shelf products. They are meticulously crafted based on your unique requirements. When choosing a life policy, it’s essential to consider the policy’s size, the term, and whole-life options. Each of these parameters has its own benefits and drawbacks, making a well-informed decision crucial.

Whether it’s maintaining a specific lifestyle or securing assets, life insurance plays a vital role. It’s a responsible measure that ensures your family doesn’t have to compromise on their quality of life, even in your absence.

Tailored Insurance Plans for Your Peace of Mind

Understandably, navigating through this important financial decision can be overwhelming. Our experienced agents are there for you every step of the way. They provide the guidance and expertise needed to make a well-informed decision serving your family’s best interests.

Our inclusive approach centered on your needs ensures we understand your priorities. This understanding allows us to collaborate with you effectively in choosing the best-suited life insurance policy.

Connect with Fuhriman Insurance Agency Today!

If you’re in the Boise, ID area and searching for a comprehensive life insurance policy, don’t hesitate to contact us at Fuhriman Insurance Agency. Our dedicated specialists are ready to assist with your life insurance needs. Their expert guidance results in a clear understanding of the most suitable policy. Let us help you put an end to your uncertainties and embark on the path to a secure future for your family.

The Differences Between Term and Whole Life Insurance

Getting a life insurance policy is the responsible thing to do when you have people who rely on you. With life insurance, you can leave something behind so that your loved ones aren’t financially devastated after you pass away. Many people don’t want to think about life insurance, but it’s essential to consider it and figure out how much your beneficiaries will need once you’re gone. Call us at Fuhriman Insurance Agency in Boise, ID, to get a policy and learn more. 

Term Life Insurance

This type of life policy has an active period and an expiration date. When you get one of these policies, it will be clear how long the policy will stay in effect. You will be given several years, such as 20, for which the policy is good. You’ll also be given an expiration date. Once that date rolls around, the policy expires. You’ll need to apply for a new policy to protect your loved ones again. This type of insurance is inexpensive and fits into a budget much better than a whole life. 

Whole Life Insurance

When you don’t want an expiration date, you might want to get a whole-life policy. These don’t ever expire. They stay good for as long as you live. Even if you become quite elderly, the policy will stay good. The trade-off is that this type of policy is more expensive than a term life policy. These policies also grow a monetary value you can borrow against during rough financial times. 

Get Life Insurance

Regardless of your choice, life insurance policies are a must for everyone. When you’re ready to choose a life insurance policy, you can contact us at Fuhriman Insurance Agency in Boise, ID.

When Tomorrow is Uncertain: The Importance of Life Insurance Planning

Life in Boise, ID is full of uncertainties and unexpected things, and sometimes we find ourselves caught off guard. That’s why having a solid financial plan is crucial, especially in managing unpredictable circumstances. One of the most vital components of any financial plan is life insurance. Fuhriman Insurance Agency has life insurance policies to fit every stage of life.

Take Care of Your Loved Ones

Life insurance is a safeguard that can provide financial assistance to those left behind in case of the unexpected. Your family may have to cope with many expenses like funeral costs, medical bills, and debts you might have left behind. Life insurance can help cover these costs and offer financial support to your loved ones in their time of need, allowing them to cope with a difficult period without worrying about their financial status.

Protect Your Business

Without a proper plan in place, business owners run the risk of not securing their company’s future. Business life insurance can protect businesses from unforeseen circumstances like the death or disability of an owner or a key employee. It can also offer flexibility in circumstances like selling or retiring. Getting business life insurance can provide peace of mind to business owners and offer security to employees in case of unexpected happenings.

Life insurance planning is an investment that focuses on your family’s future in Boise, ID. It’s hard to know what the future holds, but having a solid financial plan can provide peace of mind and help alleviate any financial stress our loved ones may face. Speak with Fuhriman Insurance Agency today to discuss your life insurance options and best plan for your needs and budget.

Three priorities to focus on when you buy life insurance

If you have dependents who rely on you financially, you need to purchase life insurance. Consumers in Boise, ID can get life insurance from us at Fuhriman Insurance Agency. 

There are some priorities that it’s essential to focus on when you’re buying life insurance. The following are three priorities you should be focusing on when making life insurance decisions. 

Providing for your family in the future

Buying life insurance is to provide financial support for your family if your income is lost because you pass away.

You need to choose a policy that will adequately support your dependents and allow your dependents to maintain their quality of life if they pass away. 

Choosing a policy that offers an adequate amount of coverage

Crunching the numbers and figuring out how much coverage you need is important. Factors including the number of dependents you have and how much longer your dependents will rely on you financially help you to determine how much coverage you need. 

Fully understand the details of your policy.

A life insurance policy is a complex financial product. It’s important for you to thoroughly understand your policy and what it covers to know if it is adequate for your needs.

Consumers should understand the type of life insurance policy they have. Policy types include whole, universal, and term life insurance. Ensure you understand the merits of each of these policy types to choose the best one for your needs. 

Are you ready to find a life insurance policy to protect your family? You can get a quote on a policy by calling us at Fuhriman Insurance Agency. We’re happy to offer life insurance coverage to consumers in Boise, ID. 

What is the difference between term life and whole life insurance? Can I have both?

When people in Boise, ID think of life insurance, they want a policy to provide financial security for their family when they are gone. But the two major types are term life and whole life insurance. Which one is right for you? Read on to learn more from Fuhriman Insurance Agency.

Term Life Insurance

Term life insurance covers a specific period, usually 10, 15, 20, or 30 years. This type of policy pays out a death benefit if the insured person passes away during that period. It is generally more affordable than other types of life insurance because it does not build cash value and the premiums remain fixed over the length of the term. 

Whole Life Insurance

Whole life insurance protects your entire lifetime and builds cash value over time that can be borrowed against or cashed out when needed. Whole life policies also come with an investment component that allows you to earn dividends or interest on your money within the policy itself. While this type of policy is often more expensive than term life, it provides lifelong coverage as long as premiums are paid on time and in full each month.

Can I Have Both?

Yes! Having both term and whole life insurance in Boise, ID can provide additional protection for you and your family and peace of mind knowing that there will be coverage regardless of what happens in your lifetime. 

Do you Still Have Questions? Call Us Today!

Deciding which type (or types) of life insurance to purchase can be overwhelming, but it doesn’t have to be. Contact Fuhriman Insurance Agency today, and we can help you find the right policies.

Are there any exceptions where life insurance would not pay my beneficiaries?

Are there any exceptions where the life insurance company would not have to pay out the death benefit to your beneficiaries? It turns out there are a few. Fuhriman Insurance Agency lists some of the most common ones in Boise, ID.

1. Suicide 

In almost all cases, if you die by suicide within the first two years of buying a life insurance policy, the insurer can refuse to pay the death benefit. After two years have passed, though, suicide is generally no longer grounds for denial. 

2. Drug and alcohol use 

If you die from using drugs or alcohol, your life insurance policy may not cover it. This is because drug and alcohol use are considered high-risk activities that can lead to death, so insurers may exclude them from coverage or charge higher premiums for policies that cover them. 

3. Dangerous hobbies 

Certain hobbies, such as skydiving, rock climbing, and bungee jumping, are considered high-risk activities that could lead to death. As a result, your life insurance policy may exclude them from coverage or charge higher premiums for those that cover them. 

4. Not disclosing pre-existing medical conditions 

When applying for life insurance, you’re typically required to disclose any pre-existing medical conditions. Failure to do so could result in the insurer refusing to pay the death benefit if you die due to that condition. 

5. Murder 

If you’re murdered, your beneficiaries will likely still receive the death benefit. However, if convicted of murdering you, they will not be eligible to receive the money. 

There are some exceptions where beneficiaries may not receive the death benefit. If you have any questions, don’t hesitate to contact Fuhriman Insurance Agency. We are here to help Boise, ID.

Update Your Life Insurance After These Life Events in Boise, ID

No one likes to think about their mortality, but it’s essential to have a life insurance policy in place in case the worst should happen. And while you may not need to think about your life insurance very often, there are certain times in your life when it’s a good idea to look at your policy and make sure it’s still appropriate for your needs. Here are four life events that should prompt you to update your life insurance in Boise, ID.

1. Marriage

Updating your life insurance is a good idea if you’re getting married. When you’re single, your life insurance needs are likely much different from when you’re married. A two-income household suffers when one spouse dies, so you’ll want to ensure your life insurance is enough to cover the loss of income.

2. Birth or Adoption of a Child

When you have a child, you’ll want to make sure your life insurance is enough to cover the costs of raising them. This includes things like childcare, education, and other expenses. You may also want to consider getting a life insurance policy for your child, known as a child rider. Your Fuhriman Insurance Agency agent can help you determine the right amount of life insurance for your family.

3. Change in Financial Situation

You’ll want to update your life insurance if your financial situation changes. This could be because of a change in income, a change in debts, or a change in assets. You’ll want to ensure your life insurance suffices to meet your needs. For example, purchasing a home or starting a business will likely require more life insurance than you had previously.

Learn more about updating your life insurance policy by contacting Fuhriman Insurance Agency today. Our experienced and friendly agents are here to help you find the right policy for your needs. Call us or stop by our office in Boise, ID to get started.

How Term Life Insurance Works

Term life insurance is just one of the types of life insurance that you can get to protect your loved ones from financial harm, but it is a type that has long been popular. It comes with many benefits that have kept customers interested in this type of insurance. If you want to know more about term life insurance, call us today at Fuhriman Insurance Agency in Boise, ID.

Term Coverage

With most types of term life insurance, you need a physical exam before you are accepted for coverage. This is just a standard physical and a discussion about your health history. If you have a lot of pre-existing conditions, you may not be accepted for it. If you have serious health problems, you are also likely to have trouble getting a life insurance policy. If you are in relatively good health, you will likely be accepted for a specific term. The term is the period for which the life insurance policy will be active. This may be 10 years, 20 years, 25, etc. The exact term of coverage is spelled out in the policy agreement. 

Low Cost

Many people like term life insurance because they can lock in a low rate while they are younger and have the premiums stay the same for the term of coverage. And term life insurance generally costs less than a whole life policy. Term life insurance often works better than whole life for people on a strict budget. The prices generally depend on the term of coverage and the amount of the death benefit, and your overall health and age. 

Get Term Life Insurance

Call us at Fuhriman Insurance Agency in Boise, ID if you need life insurance to protect your loved ones.

What Does Term Life Insurance Cover?

Term life insurance policies cover a specific period of time, allowing you to collect a death benefit for a specific period of time. If you are considering term life insurance, you want to make sure that your family will have the protection they need.

Fuhriman Insurance Agency serves the residents of Boise, ID, providing life insurance solutions. These are some of the things term life insurance covers.

Term Life Insurance Pays a Death Benefit

The main point of getting term life insurance is for your family to receive a benefit upon your death. If you pass away, your family receives the insurance benefit that you’ve been paying into. It is important that you know what types of death situations will help you get the coverage you want for your family.

Term Life Insurance Is a Short-Term Option

You should also know that term life insurance covers only a portion of your life. This is why many people use insurance to provide a benefit to their young dependents. For instance, you might have children who will be adults within 15 years, so a short-term insurance option works well.

Term Life Insurance Covers Varying Terms

When it comes to term life insurance, you have a lot of freedom to choose the coverage you are looking for. Your coverage can provide protection for your family for 10, 15, or 20 years. Make sure that you read your contract to understand exactly how long your insurance will last.

Get Term Life Insurance Today

Fuhriman Insurance Agency, which serves Boise, ID, offers term life insurance policies. Get the information you need today to get the best insurance to protect your family.

Common Myths About Life Insurance You Should Know

Life insurance is an overcomplicated and sensitive topic as it involves talking about death, leaving your loved ones behind and money. All these are critical areas of life that require proper planning and sober decision-making. That’s why many people in Boise, ID prefer to skip it. However, to understand your needs, you need to be well-versed with life insurance policy types. At Fuhriman Insurance Agency, we recommend learning your needs before buying the policy. To get you started, here are the common myths we thought you should know.

You don’t need life insurance when young

In fact, it’s the exact opposite. Young people have many advantages when they buy life insurance at a young age. It is also true that they need life insurance more than seniors. Remember, as a young person, you still have critical decisions to make, such as getting married, buying a home, or starting a business.

It is too expensive

Millennials in Boise, ID tend to skip life insurance because they overestimate the cost. However, life insurance is cheapest when you are young, strong, and healthy. You can lock in low rates that will remain that way up to the agreed duration. Term life insurance is cheaper and allows you to carry the policy for the amount of time you like.

If you have a condition, you’re not eligible

Just because insurance providers use health and age to determine insurance rates doesn’t mean you cannot buy insurance if you’re diagnosed with a condition. In contrast, some policies are specifically designed for specific health conditions like cancer and diabetes. You can also opt for simplified life insurance that doesn’t require a medical exam.

Let us help you

There is so much you can learn about life insurance, but the most important lesson is that you need it to protect your loved ones financially. If you need more information or help to buy the policy, contact Fuhriman Insurance Agency, and we will be happy to help.