life insurance

Life Insurance

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.

extended family taking a selfie

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.

GNCU members between the ages of 18 – 56 years old are eligible for coverage amounts from $10,000 – $150,000, and no medical exams are needed to apply.

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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.

Guaranteed Approval Group Term Life

This insurance plan provides you $5,000 – $50,000 of coverage:

• For GNCU members and their spouse or domestic partner ages 18 – 64 years old.
• No medical exams or health questions; approval is guaranteed for age eligible members.
• Available in increments of $5,000.
• Renewable up to age 80.

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Simplified Issue Group Term Life (Young Family Term)

This insurance plan provides you $10,000 – $150,000 of coverage:

• For GNCU members and their spouse or domestic partner ages 18 – 55 years old.
• No medical exams and only a few health questions are required to apply.
• Want a higher coverage amount? Get up to $300,000 in benefits by applying for fully underwritten coverage.

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High Value Group Term Life

This insurance plan provides you $100,000 – $10,000,000 of coverage:

• For GNCU members and their spouses or domestic partners ages 18 – 70 years old.
• Term lengths for 10, 15, 20, 25, and 30 years.
• Premiums remain the same for the duration of the policy.

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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.