Why should people get life insurance in Idaho?

Those that are in the Boise, ID area need to spend time assessing their personal insurance needs. One type of insurance coverage that people here should consider getting is life insurance. There continues to be a variety of reasons why someone here should get a life insurance plan. 

Insurance Gives Financial Protection to Dependents

A key reason that people need to get life insurance is that it will provide financial protection to their dependents. Those that have dependents that rely on their income should ensure they will be cared for and covered in the future as well. With a life insurance plan, you can ensure that they will have the financial resources needed if you were to pass away. 

Life Insurance Offers Financial Benefits

You should also get a life insurance plan as it can offer great financial benefits. Beyond providing the insurance payout, you can also use life insurance to invest and prepare for your future. With a whole life insurance plan, your monthly payment will include some money that goes into an account that will grow in value. You will be able to liquidate this account and use it for any other purpose that you want. 

When you are in the Boise, ID area it is very important that you get proper insurance coverage. For those that are looking for life insurance here, a great company to speak with is Fuhriman Insurance Agency. The team that works with Fuhriman Insurance Agency understands the value that this coverage provides. They also understand the personalization that needs to go into each plan. The team here can help you determine the type and level of life insurance that is right for you. They can then help you to build a policy that is ideal for your situation. 

How much life insurance is enough

Life insurance is the one type of insurance you don’t buy to protect yourself, you buy it to protect your loved ones. If something happens to you, it will help them to be able to go on with their lives without your paycheck to pay the bills. Deciding how much life insurance is enough is not a simple one size fits all figure. Many factors go into coming up with the right amount and having an insurance agent who you trust can make all the difference. In Boise, ID that is Fuhriman Insurance Agency, a family owned small business that has been in business for almost 60 years.

The aim of life insurance is to provide security for your loved ones. How much money that involves depends on who your loved ones are. If it is your parents it will require a lot less money than if it is a spouse and young children. Depending on how old your children are and the type of lifestyle you are living, it can be years of income. According to financial experts, it can be from seven to as much as 10 or more years of your income. If you plan for them to be able to attend college, that is something else to consider. 

You should also have enough life insurance to cover any debt that you may have. This includes everything from a mortgage to a car payment and credit card debt. Making sure that you provide the money for your final expenses is the very least you should do. Losing someone you love is stressful enough, worrying about how you will bury them is unthinkable. 

When you are ready to discuss your life insurance needs, Fuhriman Insurance Agency in Boise, ID is an independent agency that offers a selection of the finest carriers in the business. Give our office a call or stop in to get a no-obligation quote. 

What are my life insurance options?

Anyone that is in the Boise ID area will want to spend time considering all of their personal insurance needs. One form of insurance that anyone here will need to think about getting is life insurance. This is a very valuable form of insurance as it helps to ensure that your loved ones are financially protected if you were to pass away unexpectedly. When you are looking for life insurance, you have several options to consider. 

Whole Life Insurance

One common form of life insurance to consider is whole life insurance. When you get this form of life insurance, you are going to receive coverage for the rest of your life. This form of the policy can be more expensive on a monthly basis, but a portion of your payments each month will go into an account that will grow in value. This also makes it a good secure form of investment. 

Term Life Insurance

Another option to understand is term life insurance. With a term life insurance policy, your monthly payments will not accrue in an account, but they tend to be a lot lower when compared to whole life. While there is not an investment benefit, it does allow for more protection for those on a budget. A term life insurance policy can come with flexible terms and coverage amounts to ensure you get into a policy that meets your needs.

As you are shopping for a new life insurance policy, you should spend time considering all of your needs. For those in the Boise, ID area, the Fuhriman Insurance Agency is a great resource and team to turn to. When you call the Fuhriman Insurance Agency, you can have all of your questions answered to ensure you can get into a policy that meets your needs. 

Three reasons you may want to take out a whole life insurance policy

Consumers who are purchasing life insurance need to choose between a term life or whole life insurance policy. At Fuhriman Insurance Agency, we offer whole life insurance to consumers in Boise, ID.

Whole life insurance might be the best option for you depending on your particular situation. The following are three reasons you may want to take out a whole life insurance policy. 

Whole life insurance policies build cash value over time.

If you take out a term life insurance policy, you don’t get anything back from the money you put into premiums unless you die during the policy term.

On the other hand, a whole life insurance policy accumulates value over time. Whole life insurance is a long term investment rather than just a temporary safety net in the event of an unexpected death. 

The death benefit provided by a whole life insurance policy is guaranteed. 

Not matter what happens, you are guaranteed a death benefit when you pass away as long as you continue to pay your whole life insurance premiums. Also, this death benefit will not be subject to taxes. 

A whole life insurance policy will not expire. 

You need to renew term life insurance when your life insurance term is up to have further life insurance coverage. Unfortunately, it can be difficult to renew a life insurance policy as you get older.

With whole life insurance, your policy will never expire and remains active for the rest of your life. 

We’re here to help if you have questions about our whole life insurance policies in Boise, ID. Contact us at Fuhriman Insurance Agency to learn more.

Do I need life insurance if I’m not married

The question of the part that marriage plays in the need for life insurance is one that should be considered. Whether or not people depend on you is not contingent on your being married. When considering life insurance, the most important consideration is what will happen to anyone who counts on you if you were to die without having life insurance. The experienced staff at Fuhriman Insurance Agency in Boise, ID help their customers to make informed decisions when it comes to insurance. 

If you have no dependents, have no debt, have the assets to cover those debts and have prepaid your final expenses, you may not need life insurance. This can be true for persons of any age who fit these criteria. For everyone else, there are some things that need to be considered.

  • What is your overall financial condition?
  • Do you have assets? 
  • Do you have people who depend on you for their support? 
  • How long would the support need to continue after you are deceased? 
  • Do you have a mortgage or other debt? 
  • Are your final expenses prepaid or is there money to pay them? 

Marriage is a legal contract and it makes your spouse the beneficiary of your estate and your life insurance in most cases. You may be in a relationship that is not marriage but where you want to protect your partner and make sure they are cared for. You may have dependent children even if you are not married and you may want to leave a legacy to any children you may have even if they are not dependent on you for support. 

Whether or not you are married has little or no effect on the need you may have for life insurance. How much you need is something that you can discuss with the  Fuhriman Insurance Agency in Boise, ID. We have the knowledge to help you. Give our office a call or stop by and discuss your insurance needs. 

 

 

Why life insurance is important even if you are young and healthy

When is the right time in life to buy a life insurance policy? Most people think that life insurance is only something that older people, with families and children, have to carry. However, the Fuhriman Insurance Agency serving Boise, ID would like to inform you that a life insurance policy is a good thing to have at any age.

When you are young and starting out, chances are you feel so healthy that you are practically immortal. But the sad truth is that death can come for us all at any age, by accident or a sudden onset of a fatal disease.

Even if you are young and single, a life insurance policy can help with your final expenses and pay whatever debts you are carrying. The payout and the corresponding premiums do not have to be especially large.

The more you progress in life, the more life insurance becomes important. When you get married, start having children, and take on the responsibility of owning a home, a life insurance policy can not only help whatever loved ones you leave behind should you pass away, it will pay off even more debts that you have incurred.

Thinking about life insurance can be a difficult thing when you are young. It means that you have to acknowledge your own mortality, an unpleasant thing to contemplate. However, life insurance can also bring peace of mind. When you know your loved ones will be taken care of should you pass on at a young age, you will have one less thing to stress over.

For more questions about life insurance, feel free to contact the Fuhriman Insurance Agency, serving Boise, ID.

 

Tips for Life Insurance with a Pre-Existing Condition

If you have a medical condition and live in the Boise, ID area, you may want to connect with the Fuhriman Insurance Agency to discuss how to get life insurance.  While a pre-existing condition doesn’t mean you’ll be denied life insurance, it can delay the application process and create obstacles.  Review these helpful tips to reduce the time it takes you and your agent to find the best insurance policy to fit your needs.

  • Do your research to gather all information on your condition, which needs to include your medical records with current and past treatment, lab results, and medical visit notes.
  • If your health has improved significantly or if you’ve changed your lifestyle to live healthier, have your physician write a letter describing the improvements.
  • Be completely open and honest with your agent about your condition.  Remember that the agent is on your side and there to help you find the best life insurance to fit your needs.
  • If you have not had a recent medical exam, get one because life insurance companies can give you a better rate the more they know about your condition.
  • Communicate with your physician to make sure when the insurance company attempts to reach the provider that they are accurate and timely with their response, so the process is not delayed.
  • Work with an agent to choose the best insurance policy type because there may be some limitations that will depend on your condition. 

Fuhriman Insurance Agency

Life insurance policies can be confusing and frustrating if you have a pre-existing medical condition.  You don’t need to go it alone because there is expert help for you.  If you’re looking for an agent in the Boise, ID area, contact an experienced and trusted Fuhriman agent today.

Is Age A Factor When It Comes to Life Insurance In Boise, ID?

Life events such as getting married, having children, and starting a business help in determining whether you need life insurance. However, Fuhriman Insurance Agency, we recommend that you get an insurance coverage before these events occur. Generally, life insurance caters for acquired early in life attracts lower premiums.

Thinking that perhaps you’re too young to get insurance only causes you to procrastinate. It never ends well. Buying life insurance coverage when you are young can save you from life uncertainties financial problems.

Why it’s cheaper

After receiving an application, the insurer considers several factors before settling at a premium rate. Top on the list is risk. The eventual risk of a life insurance client is dead. Sure, everyone will die eventually. However, it follows that younger applicants are less likely to die when compared to older ones.

Remember that when the insured dies, the insurance company must pay. Hence, the focus is on reducing risk by ensuring that a death due to age is out of the way.

Another way to look at risk is the period of time that the insured holds the policy. Holding the insurance plan for a long time translates into more finances for the insurance company. And, being young means one has fewer health complications so the insurer can expect fewer claims.

Get life insurance during your youth

Once you purchase a life insurance coverage when young, it gives you security. In case you have major complications such as cancer, HIV, heart disease, and other chronic conditions later in life, insurers may shy away from dealing with you.

You want to avoid finding yourself in such a situation. Certain life insurance caters for procured when young come with provisions allowing you to tap into its benefits regardless of your health situation.

Age is a factor when it comes to buying life insurance. To keep your premiums low, purchase a premium while in your mid-20s. Youth and health are your strongest bargaining power. Let Fuhriman Insurance Agency, Boise, ID become your solution for life insurance coverage.

The Benefits of Getting LIfe Insurance While Young

Young adults who are clever make a good financial decision when they get life insurance while young. Insurance premiums for younger people are lower in general. Term life insurance is very reasonable at a young age. If a young person does not have any beneficiaries that they want to protect with life insurance proceeds, having a life insurance policy to cover funeral expenses is a courtesy to other family members that would otherwise have to pay for the funeral. There is no need for young people to be intimidated about life insurance decisions. Helpful professional advice is available from the agents at Fuhriman Insurance Agency, serving Boise, ID and the surrounding area.

Choosing whole life insurance is a good idea because it is an investment with a cash value that increases over time. This can come in handy as a source for borrowing funds later in life if the need arises.

Having life insurance in place helps when a young person becomes older. When life changes occur, the insurance may be adjusted in light of the new circumstances. Some of the things that are happy changes include getting married and having a baby. These are good times for a life insurance review to increase coverage to protect the ones you love.

Creating good financial habits early in life pays off significantly later in life by the power of accumulating wealth with small financial contributions over a long period of time. For example, whole life insurance policies can be structured to reach paid-up status at a certain age. In this way, the life insurance becomes a valuable asset that continues on without needing to pay any further insurance premiums after a specific date.

Life insurance can also be designed as part of retirement planning. Some policies have an option to pay out the insured person if they do not die before a certain age. In such a case, the beneficiary of the life insurance proceeds is the insured person, not their heirs.

If you are a young adult, you should talk with an agent at Fuhriman Insurance Agency in Boise, ID to get a quote for your first life insurance policy. You will be glad you did.

Young and Single – Why Life Insurance Now?

There is an interesting aspect of life insurance coverage in Boise, ID that many people don’t take advantage of when they can. Buying a policy when young and healthy is always going to be far less costly then when older. It’s based on a very simple principle that, according to the Fuhriman Insurance Agency, risk goes up the older one gets. So, a 40-year-old buying a term life policy is never going to be able to get the same coverage pricing as a 21-year-old. However, many folks think they should only be considering life insurance once they are seriously involved or married or raising kids; the logic is stuck on the idea someone already has to be around aside from the insured to make the policy worthwhile. In fact, by purchasing a policy when young, a customer locks in one of the best coverage pricing points possible. And since term life insurance can be maintained on single term policies for up to 30 years at a time, it starts to make real sense when one does the numbers with a lower price point versus starting later at a higher premium price level when older. And this same benefit applies on life insurance whether a customer is in Boise, ID or anywhere else in the U.S.

So if you’re thinking there’s no real reason for you to have life insurance because of being single and young, think again. Securing a policy now through a reputable insurance broker like the folks at Fuhriman Insurance Agency could provide a huge cost advantage versus later on when risks are naturally higher. Don’t get caught up in mistaken assumptions. Call the Fuhriman Insurance Agency staff to day to find out what a simple term life policy can do for you in the long term.