Life Insurance

A life insurance policy is important because, in the event of your demise, your family and dependents get support. There are different types of life insurance. As one is choosing a life insurance policy, it’s important to consider a reputable company.

Types of Life Insurance from Genesis Insurance

At Genesis Insurance in Phoenix, AZ, we offer various types of life insurance to residents of Arizona and Texas that include but not limited to:

Whole life insurance

Whole life insurance combines coverage with a savings component. Premiums are paid throughout life and part of the cash accrues as cash value. As the money accumulates, one is allowed to borrow the policy’s cash tax-free. However, a loan reduces the policy’s death benefit and accrues interest. This policy last as long as you pay.

Term life insurance

This is life insurance that has no investment component that lasts for a set period. The premium is paid monthly, and it can be renewable after the set period elapses. Limits can last from 5-30 years or more.

Universal life insurance

This type of life insurance is similar to whole life insurance but with more benefits of potentially higher earnings on the investment fund. This policy is more flexible as premiums can be decreased, increased, or deferred. The savings can also be withdrawn. You can also change the amount of life insurance you have.

Variable life insurance

Variable life insurance offers a fixed premium with the ability to invest the cash value in bond, stock, or money based market options. Death benefits and cash value can rise or fall depending on how your choice of investment performs.

A life insurance is a way of protecting your family. In the event of your passing, a life insurance policy will help your family go through the trying moment as they won’t have to worry about support. It’s important to choose a life insurance policy that suits you. Regardless of where you live in Texas or Arizona, we at Genesis Insurance in Phoenix, AZ will help you get a life insurance policy tailored to meet your needs. Visit or call us to learn how life insurance will protect your loved ones.


Right 1st image

Locally owned and operated

Right 2nd image

Policies that meet & exceed expectations

Right 3rd image

Get an Annual Policy review