Life Insurance
WHAT IS LIFE INSURANCE
Purchasing life insurance allows you to provide a safety net for your loved ones in case you pass away. A life insurance policy is a contract stating that, as long as your premium is paid and the policy is active when you die, your beneficiaries can receive a death benefit payout to be used however they like — for final expenses, paying off outstanding debt, and even everyday costs.
TYPES OF LIFE INSURANCE
Term life policies provide coverage if you pass away within a set number of years, while permanent policies such as whole life, universal life, and final expense provide coverage for your entire life.
Term Life Insurance
Get coverage for 10, 15, 20, or 30 years at a more affordable rate than permanent policies. Typically for protecting your loved ones in case you pass while they still depend on your income.
Short Term Life Insurance
This unique 1-year policy provides short-term coverage if you’re just starting out with life insurance or you have a temporary gap in coverage. There’s no medical exam so you can get a policy online quickly.
Final Expense Insurance
Also known as burial insurance, final expense life insurance is designed to cover your funeral costs, hospital bills, and related expenses. It’s an affordable permanent policy with no medical exam.
Whole Life Insurance
The standard permanent life insurance option, whole life provides coverage for your entire life at a fixed premium. Plus it builds cash value at a fixed rate over time, which you can borrow against.
Universal Life Insurance
A permanent policy, universal life lets you change your payment and death benefit amount over time. Its cash value depends more on the market than whole life and can grow into a no-cost policy.
THE BEST POLICY - THE BEST PRICE
Greenway Insurance Agency can provide life insurance protection for the least cost since you purchase it to cover a set period of time. It helps to cover needs during those years when you are buying a home, raising a family, sending children to college or building a business. Our agents work hard to tailor a policy to fit your needs at great quality at the best price for your budget.