It’s not about you. Life insurance is something you do to help protect those you love so they don’t suffer financially if your income is no longer there. Life insurance can be the only thing that stands between your loved ones and financial hardship.
Life insurance is needed for the “what-ifs” in life. What if I die unexpectedly? Could my family continue to live in our home? Would my children have the funds to attend college? Will my family have the funds on hand to pay for my funeral and final expenses? Life insurance is there to provide financial help to those affected by the “what if” situations.
There are two types of insurance: whole life and term life. The specifics of your life — age, income, and other factors — help determine which type of and how much life insurance is appropriate for you.
But one fact remains true: funds for your funeral and final expenses will always be needed.
If the loss of your income would negatively impact those who depend on you, consider adding a term life policy to a whole life policy. Term life insurance can help your family if you die during your peak earning and asset accumulation years.
Whole Life InsuranceProvides coverage for your entire life
Premiums never increase during ownership of your whole life policy
Builds cash and loan value
Term Life Insurance
Provides coverage for a limited period of time
After that period, policyholders typically pay increased premiums to continue coverage
Usually less expensive than whole life insurance
Terminal Illness Rider (B5000 Series)This rider can be added to a life insurance policy at no cost to the insured. The Accelerated Benefit pays fifty percent of the coverage face amount when the insured is diagnosed with a terminal illness and has a life expectancy of less than 12 months (24 months in IL, MA and WA). The policy premiums remain the same after payment of the Accelerated Benefit to the insured and the beneficiary receives the remainder of the policy proceeds upon death of the insured. Complete details of the benefits, terms, conditions, and exclusions of specific policies and availability should be obtained from the agent or American Income Life.
Help protect what you’ve built. American Income Life’s no-cost Legacy Will Kit helps you decide who will take care of your family, leave all you’ve worked for to those you love, and secure your future wishes.
With American Income Life’s Head Start program, you can give your loved one a head start on a lifetime of coverage – regardless of future health issues.
With American Income Life’s Final Expense program, you can help your family pay the mortgage, pay off debt, plan your final arrangements, and more when the time comes.
American Income Life Insurance Company can help you decide which policy will best fit your family’s needs. With less money than you might think, you can protect your family when the inevitable occurs. Complete details of the benefits, terms, conditions, and exclusions of specific policies and availability should be obtained from the agent or American Income Life.
This life insurance does not specifically cover funeral goods or services, and may not cover the entire cost of your funeral at the time of your death. The beneficiary of this life insurance may use the proceeds for any purpose, unless otherwise directed.
