Life Insurance

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Life insurance

Why do I need a life insurance policy?

Life insurance provides a safety net so your family is protected. General term insurance can provide your family with income, cover debts and basic needs and even help pay for the mortgage or college. Life insurance is more affordable than you might think.

Get a free life insurance quote online or call us at 800-777-5620 to talk to an insurance expert who can help you choose the right policy for you and your family.

Do you have the life insurance coverage you need?

Many people put off buying life insurance or don’t purchase enough coverage. In fact, J.D. Power and Associates states that 40% of Americans have no life insurance at all, and that 50 million people in the U.S. lack adequate insurance. Those who do buy life insurance often don’t understand how much to buy or what price is fair. Here are some tips on when and how to get the best insurance for you and your family:

Applying for Life Insurance

One of the worst things you can do is to lie on your application. It’s tempting to fudge your answers “to get a better rate”–maybe even “forget” to mention a medical condition. One of the biggest lies is about tobacco use. Many people know that tobacco is bad for their health–and their insurance rates–so they lie about their use. Other lies involve drug use, depression, income (to qualify for higher coverage amounts) and traffic violations. Providing false information can result in a denied claim.

Buy Life Insurance While You’re Young

Older is not wiser in the life insurance market. Rates are based partially on age. The older you are, the closer you are to death. Each birthday you pass increases your rates. Your best strategy is to apply for insurance while you are young and healthy to qualify for the best rates.

Buying the Right Amount of Life Insurance

One of the biggest mistakes when buying life insurance is to get too little. Don’t be one of the 50 million people who are under-insured. Rather than follow a rule of thumb like “buy eight times your salary,” look at your individual situation. Consider your debts, as well as the income that your family is likely to lose from your passing. You want coverage that will pay off all your debt as well as provide income for your family. Health insurance, retirement account contributions and child care are all perks that your employer may be subsidizing – and that disappears once you are gone.

Be sure to really examine what expenses your family is likely to pay over the next 15 to 20 years, according to the ages of your dependents and the financial obligations your family has. Buy enough insurance to cover them.

Protect the future of your loved ones with term life insurance from Freeway Insurance. We offer a variety of low-cost plans, some without the medical exam requirement.

Types of Life Insurance Plans

Basic whole life insurance
Whole life insurance provides a guaranteed payout no matter when you pass away, as long as you keep paying your premiums.

Term life insurance
Term life insurance offers the most affordable premium payments and a comparable payout. As long as the premiums are paid, the policy lasts the selected terms lengths (standard options are 10, 15, 20, and 30 years).

How do I get life insurance?

Getting insured by one of the experts at Freeway Insurance is easy! We sell insurance at our local offices, online at and over the phone at 800-777-5620.

Did you know we also offer health insurance?