Life Insurance Policies You Can Count On
Over 100,000 military members, first responders, and veterans chose AmFi to protect their families. Don’t leave your family unprepared. Get life insurance coverage today, with no medical exam required.
What Is Life Insurance?
Life insurance provides financial protection for your loved ones in the event of your death. It offers a lump sum payment to your beneficiaries to help cover outstanding expenses like funeral costs and debts. Life insurance policies support your loved ones when you can no longer be there to do so yourself.
Why Do I Need Life Insurance?
Life insurance is essential for safeguarding your family’s financial future. In the event of your passing, it provides a crucial safety net, ensuring your loved ones are protected from financial hardship. It’s a proactive step toward securing peace of mind for you and your family.
How do I get started?
1 Determine The Right Policy
Term LifeTerm life insurance offers temporary financial protection. It’s a good option for those who only need insurance for a certain period of time. |
Universal LifeUniversal life insurance offers permanent financial protection and is ideal for those seeking both a death benefit and the opportunity to accumulate cash value that can be accessed during their lifetime. |
|
|---|---|---|
| How Long Does It Last? |
We offer 5, 10, and 20 year term insurance policies. |
Our Universal life insurance offers coverage for the duration of your life, as long as premiums are paid. |
| What Can It Cover? |
Paid as a lump sum, term life insurance can be used however the beneficiary chooses. |
The tax-free cash that accumulates in a Universal Life policy can be utilized at your discretion while alive, in addition to providing a lump sum payment when deceased. |
| How Much Does It Cost? |
Term insurance provides the greatest amount of coverage for the lowest premium. |
Premiums are based on your needs and goals. These policies have flexible payment options. |
| Who Should Get It? |
Term Life policies are great for those who want to ensure their family members don’t face financial difficulty due to the unexpected loss of their income. |
Our Universal Life policies are ideal for those who want an excellent investment vehicle in addition to a death benefit. |
| Term Life Insurance | Universal Life Insurance |
2 Calculate Your Needs
Amount
A $50,000 life insurance policy is a small amount of insurance that is suitable for those whose family doesn’t rely on their income, or as an inexpensive way to add additional coverage.
This amount can be typically used to:
- Cover Funeral Expenses
- Pay off Small Debts
- Leave Inheritances or Charitable Donations
A $200,000 life insurance policy is considered a good middle ground for people who may have dependencies and family obligations.
This amount can be typically used to:
- Cover Mortgage or Rent Payments
- Pay for Dependent Educational Expenses
- Cover Daily Living Expenses
$300,000+ of life insurance is appropriate for those whose income is greater than $50k per year, or for those looking to build wealth in addition to providing coverage for their family.
This amount can be typically used to:
- Pay off Large Debts
- Provide Long-Term Financial Security
- Provide Income Replacement
3 Contact Us or Get A Quote Online
Term Life Insurance
Temporary protection limited to a period of time.
Universal Life Insurance
Life-long protection that offers investment potential in addition to a death benefit.
How Life Insurance Works
1 Determine Your Needs
Calculate your financial obligations, consider your family’s future expenses, and factor in any outstanding debts to determine the ideal coverage amount.
2 Apply
For term insurance, complete our 100% online application in minutes. Or get in touch with one of our agents for universal life insurance.in touch with one of our agents.
3 Get Coverage
Coverage begins as soon as your application is approved, giving you immediate peace of mind.
A History of Service, Trust and Reliability
American Fidelity Life Insurance is proud to be a family-owned business with a rich history of service to our community.
1 Founded On Tradition
Our company was founded in 1956 by Charles Woodbury, a decorated WWII Marine pilot who survived multiple downed planes in the Pacific.
2 Protecting Our Heroes
We began by providing insurance to the highest at-risk members of our military and their families, whose unique needs were not being met; now we’ve expanded to protecting all our heroes.
3 Family Owned + Operated
Today, our company is run by the next generation of our family, and we continue to uphold Mr. Woodbury’s legacy of service and secure investments for families like yours.
Why Choose American Fidelity?
Hassle-Free
Our goal is to make life insurance simple and accessible for you and your family.
Flexible Coverage
We believe in giving you choices, so we offer flexible coverage options that can match your budget and specific needs.
Safe & Secure
We take a systematic approach to investing in United States Government bonds and highly rated corporate bonds, making AmFi one of the strongest and most stable insurance companies in America.
Appreciation For Our Military
We are proud supporters of our Armed Forces, and have been insuring the highest-at-risk members of our military since 1956.
Family First
We know what it means to protect your family. We will help protect yours, even if you can’t.
Expert Advice
Our experienced team is here to help you with any question, big or small, whether you’re transitioning from the armed services or just looking to ensure your family’s financial well-being.
Thousands of People Like You
I bought my first policy from American Fidelity in 1978 and subsequently have purchased 8 more policies on myself, children, and grandchildren. We have always had exceptional service from their staff all these many years and have especially cherished talking to a person and not a recording!!
They have updated their site and made it user-friendly.
Frequently Asked Questions
Term life insurance provides coverage for a specific period and offers a death benefit if you pass away during the term. Universal life insurance, on the other hand, provides lifelong coverage and offers a death benefit alongside the potential to accumulate cash value.
Most adults who are in good health can apply for life insurance. Adults under the age of 59 are eligible for universal life insurance policies. Only individuals between the ages of 20 and 50 are eligible for term policies. You may not be eligible for life insurance if you have cancer, heart conditions, or other life-threatening medical conditions or lifestyle habits.
Absolutely! We pride ourselves on being there for you when you need us. We process claims in less than 24 hours and typically have the cash in your bank account within 3 days.
Members with SGLI coverage have two options if they want to convert their life insurance after their service ends. The first option is that they can convert their SGLI to VGLI, a renewable term insurance that has no cash value that builds over time and has premiums that can increase over time, making it a more expensive option long-term. The second option is that they can convert their SGLI to an individual commercial policy with providers like American Fidelity. American Fidelity’s coverage is meant to provide a more permanent alternative that keeps your costs low and provides full benefits, including cash accumulation.
SGLI is issued to active-duty service members, and once these service members are discharged, they have 120 days during the military separation period to transfer to either VGLI or a commercial permanent policy. Additionally, Retired Reserve soldiers are typically not eligible for SGLI and must convert to one of these options. You cannot convert SGLI to both VGLI and individual commercial life insurance at the same time. However, there is nothing preventing you from converting to one and separately obtaining the other. Converting your SGLI to a VGLI policy can be cost-effective at first, but over time, it doesn’t provide any living benefits and gets more expensive as you grow older. Our universal life insurance policy allows you to stay covered at a fixed rate and offers living benefits like cash accumulation.
To convert from SGLI to an individual permanent insurance policy with providers from participating companies like AmFi, you must also convert within 120 days of the date of separation from the military. After this period, you still have an additional year to convert, but you would have to show proof of insurance and good health to convert if it’s past the initial 120-day period.
Policies with AmFi start at $9 per month. The exact amount you pay each month (your premium) is determined by your choices in the coverage amount and length of term, as well as your age, health, and lifestyle choices.
No. With our 5, 10, and 20-year term policies you will be charged the same amount every month for the duration of your policy. When the policy expires, your rate may change based on age and insurability at that time.
We sure do. We don’t advise canceling your policy because your coverage will lapse, but if you cancel within the first 30 days, then we will issue you a full refund. If you cancel after the initial 30 days, then we’ll simply stop charging you.
In addition to life insurance coverage, this policy grows cash value that isn’t taxed right away. This cash asset is a tremendous advantage of our universal policies.
Please contact our office or one of our agents to discuss the universal life insurance policy and to see whether this is the best policy for your needs.
Just like with all our policies, the death benefit is completely tax free. The universal policies accumulate cash value that is tax-deferred. Please contact our team to learn more.
The Policy Owner must complete the appropriate form for the requested change. Forms may be downloaded and printed from the Forms Link after logging in. The Policy Owner may also contact a Service Representative at the Home Office or send us a message through our Contact Us page.
You may contact a Service Representative or register online. By registering online you will be able to view premium payments, make withdrawals and much more. Click here to register.
Upon the death of the Insured, you will contact the Home Office Claims Department to report the death. Be prepared to advise us of the insured’s name, the date and cause of death, and the name, address, and telephone number of the person who should be contacted. A Claimant’s Statement and additional information on how to file a death claim will then be sent to the named beneficiary(ies). You may click the “Claims” link at the top of this page to download the Claimant’s Form and instructions.
Please contact our office immediately to update your banking details and ensure that your valuable coverage isn’t lost.
Protect Your Family For As Low As $10/mo
There are no guarantees in life, except this one: We help protect your family, in case you can’t. You’re here for them. We’re here for you.