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Alliance Insurance Services

5440 Ward Rd. Ste. 215
Arvada,Colorado 80002

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5 Tips for Choosing the Right Life Insurance Beneficiary

To get the most from your life insurance policy in Arvada, CO, it’s important to choose the right beneficiary. Your beneficiary is the individual who will receive death benefits after you’re gone. These tips from Alliance Insurance Services can be helpful in selecting a beneficiary for your life policy.

Immediate Family

Your first consideration should be members of your immediate family such as your spouse or children. If you were to suddenly pass on, life benefits can help replace your income so your spouse can pay bills, buy food, pay off debts, and care for your children after you’re gone. This is especially important if you’re the only source of income for your family.

Parents & Siblings

If you’re supporting your parents or younger siblings now, you can continue supporting them after your demise by designating them as full or co-beneficiaries with your spouse and children.

Splitting Benefits

Life benefits can be split between several beneficiaries if you desire. It can be an even split or you can designate the percentage to be left to each. This gives you greater control over who you want to help financially and how upon your demise.

Debts

If you have co-signed loans with your spouse, parents, or business partner, you may want to make an allowance for paying these off in your life insurance policy by naming these individuals as your beneficiaries. This way no one is left with the burden of paying off a mortgage, business loan, or student loan after you’re gone.

Charity

If you have no family, consider a favorite charity as your beneficiary to better the lives of those in need in your local community.

For more information about life insurance policies and beneficiaries, call or visit Alliance Insurance Services, serving residents in Arvada, CO and surrounding communities.

  • Safeco
  • Travelers
  • Electric
  • Metlife
  • ASI
  • Progressive
  • Hartford
  • Foremost
  • Lockton
  • Auto-Owners
  • Berkley One
  • Nationwide

Company Overview

Alliance Insurance Services founded in 1992 has a long standing relationship with both customers and community. Since our start, Alliance Insurance Services has been headquartered at 5440 Ward Rd. in Arvada, Colorado. We also have locations throughout Metro Denver as well as Northern Colorado. Alliance Insurance Services is a proud long time supporter of the Children's Miracle Network, the Better Business Bureau, and the Professional Independent Insurance Agents of Colorado.

Mission Statement

Alliance Insurance Services is dedicated to a lasting relationship with our clients and community through superior service and value. We provide security with quality products and innovative technology. Our team has created an environment that instills trust with those we come in contact with.

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