For most residents of New Mexico, having a good life insurance policy is very important. This type of insurance, although will not benefit you directly, just gives you the peace of mind knowing that your family will be well taken care of if something were to happen to you. Life insurance is sometimes offered with company benefits for those who are employed, but it may or may not be enough insurance, or it may not be affordable through your work benefit plans.
Not matter what your situation is, we invite you to find out more about the varierty of life insurance policies that are availabe with NM Insurance Services. Don't put it off, because you never now when your family will need these benefits.
There are basically three types of life insurance. For those that are new to finding out about a life insurance policy, it may be confusing, but you are not alone! Our agents are well-educated, especially when it comes to knowing and understanding life insurance. Be sure to go over each of these types of policies with your NM life insurance agent before making that important decision.
Whole Life: This type of policy is used for a life time –there no specific periods given. It ensures premium and cash value. In order words, this policy covers the range of life time of the insured.
Term Life: This policy is for a specific period of time and once the policy ends, the coverage is concluded too. The period of 10, 15, 20 or 30 years depending on the agreement.
Universal Life: Just as whole life, it guarantees premium and cash value. It is lifetime coverage with investing, death benefits and flexibility in premiums.