It’s the right time for life insurance but you can’t decide which policy type is right for you.
Luckily, American Family Life Insurance Company is here to help with all your life insurance needs!
To start, there are two main types of life insurance: term life insurance and permanent life insurance.
Term life insurance is a temporary policy that lasts for a set amount of time. Typically 10, 15, 20 or 30 years. Term life only delivers a payout if the insured passes away while the policy is active.
Term life insurance is perfect for when you want financial protection for a limited amount of time.
For example, when you have a mortgage or other big loan, have children in the house, or are paying or planning for post-secondary education.
Plus, term life can be more affordable than permanent life insurance policies.
To meet your unique needs, American Family Life Insurance Company offers two types
of term life insurance, DreamSecure Simplified Term Life and DreamSecure Term Life.
Permanent life insurance is another common type of life insurance.
Whereas term only covers a set number of years, permanent life insurance can last your whole life!
In fact, whole life insurance is one type of permanent life insurance.
Permanent life insurance can help provide financial protection at any and every point of your life.
It can help your loved ones cover things like funeral costs or paying off debts, can be used to leave a legacy to loved ones, and even builds cash value over time!
Plus, with a variety of coverage options available, you can build a permanent life policy to fit your unique needs and specific budget.
So it’s always a good time to consider a DreamSecure Whole Life Policy from American Family Life Insurance Company.
It’s important to remember that term and permanent life insurance isn’t an either/or question. You can own multiple policies for even more customized protection!
For example, let’s consider Alexis.
She and her husband just bought their first home, so they each get a DreamSecure Simplified Term Life policy for the duration of the mortgage to help make sure the other won’t lose the house should one of them pass away.
After the birth of their first child, Alexis decides to add a second term life policy. This time a DreamSecure Term Life for additional coverage.
When the kids grow up and move out, Alexis and her husband look toward their future. They decide now’s the perfect time to add a DreamSecure Whole Life Insurance policy.
Decades later, when Alexis passes peacefully, her survivors, her husband and her children, have her whole life insurance policy to cover expenses such as funeral costs.
They love and appreciate how well Alexis has taken care of them financially, even after she’s gone.
Ready to learn more about how your life insurance can help make sure your loved ones are financially protected after you’re gone?
Contact your American Family agent today.