We understand that securing the future of their family is a primary concern for everyone. That’s why we’re here to lend a hand in informing you about the importance of life insurance. Here are some points about what you can anticipate from life insurance services:
What is life insurance?
Life insurance is a legal agreement between an individual and an insurance provider. By paying regular premiums, the policyholder’s beneficiaries will receive a lump-sum payment upon the policyholder’s passing. This payment can be used for various purposes, such as covering funeral costs, paying off debts, and supporting their loved ones’ living expenses. It’s a way to provide financial security and peace of mind to those left behind.
Why do you need life insurance?
If you have loved ones who depend on you financially, life insurance can provide peace of mind that they will be taken care of in the event of your death. It can help cover expenses that your family may not be able to afford on their own, such as mortgage payments, childcare, and other living expenses.
Types of life insurance
There are two main types of life insurance: term life insurance and permanent life insurance.
Term life insurance provides coverage for a specific time, typically 10-30 years. It is generally more affordable than permanent life insurance and can provide the coverage you need during a period when your family is most vulnerable.
Permanent life insurance, on the other hand, provides coverage for your entire life. It also builds cash value over time, which you can borrow against or use to pay premiums.
How we can help
At Greatway Financial, we can help you determine the type and amount of life insurance coverage that best fits your needs and budget. We offer a variety of life insurance options from some of the top insurance companies in Canada, so you can be sure you’re getting the best coverage at the best price.
We also offer annual check-ups to make sure your life insurance coverage is still adequate for your current financial situation. If your needs have changed, we’ll help you adjust your coverage to ensure you’re always protected.
Why choose Greatway Financial?
At Greatway Financial, we believe in helping our clients achieve financial freedom and security. We’re committed to providing personalized service and building long-term relationships with our clients. Here are a few reasons to choose us for your life insurance needs:
- We offer a variety of life insurance options from some of the top insurance companies in Canada.
- We provide annual check-ups to ensure your coverage is still adequate for your needs.
- Our advisors are knowledgeable and experienced and can help you navigate the often complex world of life insurance.
- We’re committed to building long-term relationships with our clients and providing personalized service that meets your unique needs and goals.
Contact us today to learn more about our life insurance services and how we can help you protect the future of your loved ones.
