Life Insurance for Dummies
Life insurance can feel like a complex, intimidating topic for newcomers. There are many different companies, policy types, policy features, and considerations, all revolving around the tricky, sensitive subject of death. But you don’t need to become an expert overnight in order to understand the basics and shop confidently for a life insurance policy to […]
Questions to Ask a Life Insurance Company
If you’re considering purchasing a new life insurance policy or converting your military life insurance policy to a new, private policy, you probably have many questions. Life insurance can be a daunting topic, both emotionally and due to the wide range of companies, policy types, and all the ins and outs of how life insurance […]
Can a $50,000 Life Insurance Policy Protect My Family?
If you’re interested in purchasing a life insurance policy to protect your family, you have lots of options in terms of companies and policy types, but another important consideration is how much life insurance coverage you actually need and can afford. Active servicemembers are covered through the military’s SGLI program, which provides a high amount […]
How to Use Life Insurance to Build Wealth
You may be familiar with life insurance death benefits: the sum of money that gets paid out to your loved ones when you die. But did you know that life insurance can be an important financial tool with benefits that you can take advantage of during your lifetime and beyond? The fact is, some life […]
Can I Cash Out My SGLI?
For eligible service members, the SGLI program provides low-cost term coverage that can be critical for keeping their family members secure back home while serving as active duty members in the military or the National Guard. Servicemembers’ Group Life Insurance (SGLI) expires shortly after your military retirement, and it does not accumulate any cash value, […]
Pros and Cons of VGLI, Whole Life Insurance, Term Life Insurance, and Universal Life Insurance
When protecting your loved ones and planning for the future, life insurance coverage is one of the most reliable tools available. The decision can be even more critical for veterans, as military service often brings unique challenges and financial responsibilities. With so many life insurance options available—each with its own benefits and drawbacks—it’s important to […]
Leaving the Military: What Benefits Do You Lose? | AmFi Life
Leaving the military and entering civilian life is a significant change that comes with many uncertainties. Among the most pressing concerns for service members leaving the armed forces is the potential loss of various benefits they’ve relied on during their military careers. From healthcare and education to financial and emotional support, understanding how these changes […]
Universal Life vs. Term Life Insurance
When it comes to life insurance, two common options people often compare are universal life insurance and term life insurance. While both provide valuable financial protection for your loved ones, they differ significantly in flexibility, coverage length, and cost. In this blog, we’ll break down the basics of each and guide you through the pros […]
Understanding SGLI Insurance
Servicemembers’ Group Life Insurance (SGLI) plays a crucial role in providing financial security for military families. Whether you’re just starting your career in the military or nearing retirement, understanding the benefits and options available through this program is essential for planning your future. In this blog, we’ll explore how SGLI works, its key features, and […]
Does A Single Person Need Life Insurance?
When most people think of life insurance, they often associate it with providing financial security for loved ones—spouses, children, or other dependents. But what if you’re single and don’t have anyone relying on your income? Is life insurance still a necessity, or is it an expense you can skip? In this article, we’ll explore why […]