Life Insurance

Life Insurance for Individuals Throughout New Mexico and Beyond

Searching for a life insurance policy can be difficult, especially with so many insurers offering different prices for what seems to be the same coverage. With an independent agency like Berger Briggs Insurance & Risk Solutions, you can get the help you need in tailoring a life insurance policy perfect to protect your family.

Our insurance professionals will walk through each step so you can find a life insurance policy that is simple and affordable, so you can focus on what matters most.

Life Insurance Policies to Consider

There are many different life insurance policies to consider when shopping for coverage. Each has its own purpose, so carefully consider your life insurance needs as you look for a policy. The most common life insurance policies offered include:

Whole Life Insurance

Whole life insurance policies provide coverage for as long as the policyholder lives, nor until the policy is cancelled. If the policyholder passes away while the policy is active, benefits will be paid to the beneficiaries labeled on the policy. Benefits include assistance with shared mortgages, debts, funeral expenses and more.

Term Life Insurance

Term life insurance policies offer a lot of the same benefits as a whole life insurance policy, but this type of policy only lasts for a certain amount of time. Most term life insurance policies last 10, 20 or 30 years, although different terms are also available. This type of policy is useful if you only want coverage until you’ve paid off an expense (such as a debt or mortgage) or until your children graduate.

Universal Life Insurance

Universal life insurance is a type of whole life insurance policy that offers cash value. When you purchase a universal life insurance policy, a portion of your premiums can be deposited into savings, which can later be withdrawn even while the policy is active. This is not available for a term life insurance policy.

What Life insurance Policy Do I Need?

Everyone’s life insurance needs are different. While a whole life insurance policy may work for some, a term life insurance policy may be better in other situations. Do you need a life insurance policy only until you’ve paid off student loans? Or do you want a life insurance policy that covers you no matter what, that you won’t have to worry about renewing?

Speak with a Berger Briggs Insurance & Risk Solutions agent to discover what life insurance policy suits you and your family.

Get Insured Today

Life insurance doesn’t have to be intimidating or expensive. Contact Berger Briggs Insurance & Risk Solutions at 505-247-0444  or fill out an online quote form to get started.

Common Life Insurance Questions

How Many Life Insurance Policies Can You Have?

You can technically have more than one life insurance policy at a time, although an insurer generally won’t insure you with two whole life insurance policies. If you want a whole life insurance policy and a term life insurance policy, for example, you may be able to carry both.

How Much Life Insurance Do I Need?

Your life insurance needs may differ than your neighbor’s. It is important to consider the financial position you and your family are in when looking for a life insurance policy, as well as if you have any large debts that could be hard to pay off were you to suddenly pass away. Speak with an insurance agent about your life insurance needs.

How Often Does Life Insurance Payout?

Most life insurance policies only payout when the policyholder dies while the policy is active. Benefits will not be paid if the policy is cancelled before it ends or if the policyholder is still alive once the policy ends, unless in the case of universal policies with cash values.

How Often Do You Renew a Life Insurance Policy?

When you purchase a whole life insurance policy, the policy will automatically renew each year so long as the policyholder is alive. Term life insurance policies only need to be renewed if the policyholder is alive once the term ends.