What's the difference between life insurance policies?
Video Transcript:
Would your family be financially protected if you passed unexpectedly? Life insurance is an important part of a strong financial plan. Not only could it help pay for funeral costs, but it can also help your family with daily expenses, college tuition, medical bills, and other debt.
While many employers offer group life insurance, individual policies provide flexibility and additional coverage. If you ever leave your employer, you may lose your group life insurance coverage. However, with an individual policy, you own it so you can keep your policy even if you change jobs or retire.
American Fidelity offers multiple life insurance options that are beneficial for different stages of life. For those on a smaller budget or in wage earning years, American Fidelity's Term Life Insurance offers lower premiums and locked in rates during your chosen term period. This is ideal if you are helping pay a child's college tuition or other debt to help ensure those payments are provided even after your death.
American Fidelity's Term 100 Life Insurance may be a great option for individuals wanting lifelong coverage with budget friendly rates. Coverage lasts until age 100 and premiums are guaranteed to remain the same for 30 years or until age 85, whichever comes first. After this, premiums may stay the same, increase, or decrease, but will never exceed the guaranteed amount shown in your policy. In the event of your death, Term 100 life insurance may help financially support your family with expenses that may be left behind.
American Fidelity's Whole Life Insurance provides coverage for your whole life while also gaining cash value that could be used to pay for loans, premiums, or other purposes.
You can also have both policies to maximize the length and amount of coverage you have. No matter which option you choose, your death benefit coverage begins after signing your application. Be sure to consider your stage of life and unique needs when choosing the protection that's right for you and your family. There's no replacement for you, but life insurance can help provide financial relief for your loved ones at a time when it is needed most.
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