You need life insurance. Life Insurance is an essential way to protect your loved ones should something happen to you. While it might feel like something you can put off or something that is time-consuming and wrought with pesky salespeople, Life Insurance is a necessity. With AmFi’s simple and fast process you can receive a policy that is tailored to the needs of your family completely online and hassle-free.
Caring for your whole life is our whole purpose. Your children, their children, your home, your education, your debts– life is a lot. And life changes happen every day. Financial obligations and circumstances change as well. Our insurance is here to ensure that no matter the need, your family will be taken care of. Whether it’s maintaining a standard of living, paying a mortgage, a debt, or paying for education, flexible life insurance is essential for peace of mind and beyond.
This type of account typically earns a money market rate of interest. Death benefits can be changed during the life of the policy within limits and subject to a medical exam. Once funds accumulate in the cash value account, the premium can be paid at any time but the policy will lapse if there isn’t enough money to cover annual mortality charges and administrative costs.
Premiums are fixed and guaranteed and remain constant throughout the life of the policy.
It pays a benefit to a designated beneficiary only when the insured dies within that specified period of time, which can be one, five, 10 or even 20 years. Term life policies are renewable but premiums increase with age.
Coverage occurs under a master policy issued to the employer or association.