Life Insurance - Greenway Insurance and Financial

Life Insurance Comes in Many Sizes and Shapes.

Term Life Insurance fits most people’s most basic needs and popular Face Values (Death Benefit) are $100,000, $250,000, $500,000 and $1,000,000,00. There are many other Face Values and types of Life insurance, some of which can be used very strategically in Estate Planning and Asset Preservation. In considering which life product is best for you, there are many questions that you will want to discuss such as benefit objectives and budget. It is important to discuss all of the available options with a qualified life agent before purchasing! Call to Speak with a Licensed Life Specialist today!

Term Life Insurance

This is the most common of the various life insurance options and is a great option for young families who are looking for Life Coverage at an affordable price. Term Life may be either a 5-year, 10-year, 20 or 30-year term and can be purchased in amounts of $5,000-$5 million in death benefit. Underwriting (health questions to qualify) will vary by insurance company as will the amount of coverage available.

Universal Life Insurance

The choice of which to offer can best be determined by working with a high quality Employee Benefit Professional. Universal Life is designed to be a cost-effective approach to permanent coverage. It builds cash value that earns current interest rates. Rates for a Universal Life policy are higher than for Term Life but lower than that of a Whole Life policy. Universal Life offers the greatest flexibility for premium payments & may offer a loan provision which can be taken out against the Accumulated Cash Value of the policy.

Whole Insurance

Whole Life Insurance is very much a “what you see is what you get” type of product. All aspects of the policy are guaranteed such as premiums, cash value and death benefit. Whole life plans can be designed to guarantee coverage to age 100 or even up to age 121!