What You Need to Know About Term Life Insurance | @AmFam®


[MUSIC PLAYING] SPEAKER: You do everything you
can to protect your loved ones. Term Life Insurance
is a simple way to help protect your family’s financial future. At American Family Life Insurance Company, we offer our DreamSecure Term Life Insurance policies that can cover you for a
10, 15, 20, or 30-year initial term. These are level term
policies, meaning the premium and
coverage amount will stay the same for the length
of the term you choose. One of the main
attractions of Term Life is the lower initial cost compared to other types of policies. And when your Term
Life Insurance policy runs out, you’ll have the
option to renew it. But keep in mind
your annual renewal premium will be much higher than
your initial policy premium. If you pass away while
the policy is in effect, your beneficiary will receive
the death benefit proceeds. Your beneficiaries can use
the death benefit for anything they choose. Most people use it to help
cover financial obligations, such as funeral expenses, mortgage costs, credit card and loan balances, education funds, child care, and income replacement. With a term policy,
you can typically purchase higher
amounts of coverage for a lower premium compared to
other policies like whole life. Does Term Life Insurance
sound right for you? Connect with an American Family Insurance agent to see how Term Life Insurance can be a financial safety net for you and your loved ones.

Leave a Reply