What Is a Whole Life Insurance Policy?

If people depend on you, you know how important it is to have a life insurance policy. But, which kind do you pick? Many choose a whole life policy because of the way it works. If you want to know more about whole life policies, call us at Alliance Insurance Services in Arvada, CO for an appointment with an agent.

Whole Life

Whole life insurance is often called either ordinary life or straight life. It is a policy that covers the insured for as long as the premiums are paid, no matter how long that is. With term life, the policy has a set price that is guaranteed for the specific duration of the life insurance contract. However, whole life has no end unless you stop paying the premiums. It stays in force for the rest of the insured person’s life. 

The rate charged for this insurance is fixed based on the age you are when you first get the policy. Because of this, and because it stays the same even through old age, the premiums for this type of policy are more expensive than with term life insurance. In most whole life policies, the insured person pays the premiums for the rest of his life. However, there are some that are limited-pay insurance policies. With these, the insurance premiums only have to be paid for a set amount of time such as 20 years, and the insurance stays in place. 

Getting Life Insurance

If you know you need life insurance, there is no time to wait. Give us a call in our Arvada, CO office to get started. At Alliance Insurance Services we can walk you through the various life insurance policies to help you find the one that will best work for you.

Three reasons you need commercial insurance in Colorado

Commercial insurance is an important financial product for business owners. If you own a business, you need to ensure its financial security with commercial insurance coverage. At Alliance Insurance Services, we can help you meet your commercial insurance needs in Arvada, CO.

The following are three reasons you need commercial insurance in Colorado. 

Protects your livelihood

If you run a business, your business is perhaps your main source of income. If something happened to your business, you would no longer be able to bring in income reliably and you might end up unable to support yourself. 

Commercial insurance can ensure your company’s continued survival despite problems like lawsuits. Therefore, insurance coverage can help to protect your livelihood and secure your financial future. 

Helps you land contracts and/or new clients

Companies you might be interested in partnering up with might be discouraged from working with you if you don’t carry commercial coverage. Also, new clients might want to know that you carry commercial insurance before deciding to do business with you.

Therefore, investing in commercial insurance can make it easier for your company to make deals with partners and to attract new clients. 

Provides you with greater confidence

It can be worrisome to do business without commercial insurance coverage. There are so many expenses that can possibly come up and create big problems for you.

When you carry commercial insurance, you can operate your company with more confidence. You know that you are financially protected from a lot of potential problems. This makes you more confident to take on new projects and to take risks that could lead to big opportunities for your company. 

Get started on your search for the right commercial insurance solution with our assistance at Alliance Insurance Services. Contact us via phone or our website to discover your commercial insurance options in Arvada, CO.