BankWest Life Insurance – Rapid City
We all want the best for our loved ones and we work hard to provide the best possible lifestyle. But what would happen if we were suddenly gone and so was our income? That’s where a life insurance policy from BankWest in Rapid City can help. Life insurance protects your family’s standard of living.
Our BankWest insurance agents in Rapid City are some of the most experienced around and provide a unique insight when it comes to determining your life insurance needs. And as independent agents, they work with dozens of companies to ensure you have the proper insurance coverage at a fair price.
Life Insurance Options in Rapid City
It’s never fun to think about life insurance. But our Rapid City insurance agents will help remove the anxiety and confusion from this important form of protection. We understand you have several options when choosing life insurance providers, and as such, we strive to provide the most personalized consultation and the most comprehensive policy in South Dakota. BankWest Insurance specializes in three separate types of life insurance plans for its Rapid City area residents:
Term Life Insurance
Term life insurance is often the cheapest option. It stays in effect for an agreed period, or until you reach a certain age. Term life insurance pays the face amount if you die within the term of the policy, but pays nothing if you outlive the policy. Premiums are usually lower while you are young, and increase with age to reflect the increased risk to the insurer.
Whole Life Insurance
As the name suggests, this type of policy covers you until the point of death, or until canceled through agreement or nonpayment. Over time, the product accrues a cash surrender value, which is an amount you are entitled to should you decide to terminate the policy. Or, it pays out a fixed amount on your death. The premium amount remains constant.
Mortgage Protection Life Insurance
Your home is probably your biggest asset and the largest investment you will make. If your family’s income decreases drastically due to your death, ordinary life insurance may not cover expenses after they pay off the mortgage. Mortgage protection insurance is specifically there to cover the mortgage so that the life insurance pay-out can help your family get back on their feet. Ask your BankWest Insurance professional if this coverage is right for you.
For more information on our life insurance policies, schedule an in-person consultation with one of our experience insurance agents. Please keep in mind that our independent insurance agents in Rapid City are willing to tailor these policies and create a plan that works for you and your loved ones.
BankWest Life Insurance Locations in Rapid City
Stop by our convenient BankWest location to speak with an agent about all of your Rapid City life insurance needs.
Experience the BankWest Difference
Whether you need more convenience or more options, you can count on us to be with you every step of the way.