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Life Insurance is here for your family when you can’t be. With Whole Life and Term Life plans available, you can find the type of insurance that fits your needs so you can Live Greater knowing your loved ones will be taken care of.
Life Insurance
Life Insurance to Fit Your Life
Life Insurance financially protects your loved ones in the event of your passing. Make financial issues one less thing for your family to handle with coverage that can pay for:
- Funeral costs
- Mortgage payments
- Education costs for dependents
- Debt repayment
- Income replacement
- Ongoing financial assistance
Whether you need insurance for your whole life, only a set period, or as supplemental to your other plans, we have policies to fit your circumstances.
Whole Life Insurance
Whole Life Insurance (or permanent life insurance) lasts all your life as long as your premiums are paid. Premiums are fixed and are generally cheaper the younger you start your coverage. Along with death benefits, Whole Life Insurance can build tax-deferred cash value over time with a guaranteed interest rate — like a savings account. However, withdrawing or taking out a loan against this cash value could reduce death benefits or be taxed.
This insurance plan provides you $10,000 – $150,000 of coverage:
• For GNCU members ages 18 – 65 years old.
• Fixed premiums with no medical exam required.
• Guaranteed interest rate that builds tax-deferred cash value.
Term Life Insurance
Term Life Insurance covers you for a specific period of time as long as you continue to pay your premiums when due. It is usually used to cover you when you have critical financial responsibilities like paying off your home or taking care of your family. With monthly, quarterly, or annual payments, Term Life Insurance can often times be more affordable when compared to Whole Life Insurance.
This insurance plan provides you $50,000 – $10,000,000 of coverage:
• For GNCU members and their spouses or domestic partners ages 18 – 70 years old.
• Term lengths for 5, 7, 10, 15, 20, 25, 30, 35, and 40 years.
• Premiums remain the same for the duration of the policy.
Available insurance products are not deposits of Greater Nevada Credit Union and are not protected by any type of deposit insurance, are not obligations of or guaranteed by Greater Nevada Credit Union or its affiliates, and may be subject to risk. Insurance products are not insured or guaranteed by the National Credit Union Administration (NCUA) or any other agency of the United States. Any insurance required as a condition of the extension of credit by Greater Nevada Credit Union need not be purchased from our Agency but may, without affecting the approval of the application for an extension of credit, be purchased from an agent or insurance company of the customer’s choice. Individual premiums and savings will vary.