Your coverage needs are as unique as you are.

At AmFi, we believe life insurance should be tailored to each individual based 
on their specific financial circumstances, responsibilities, and future plans.

The amount of coverage you need can change over time.

As your life changes, so should your insurance; whether it’s a new addition, mortgage, or milestones, regular reassessment ensures your coverage aligns with your evolving needs.

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You’ll want to consider...

Before you start to calculate your coverage needs, there are several factors you’ll want to consider:

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Hassle-Free

Get approved online in under 10 minutes. No medical exams, no blood tests. Our goal is to make life insurance simple and accessible for you.

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Household Expenses

Guarantee that your family can sustain their existing lifestyle, covering day-to-day expenses such as housing costs, utilities, groceries, transportation, and other routine expenditures.

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College Expenses

Ensure adequate financial support for your dependents’ education in the event of your death.

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Flexible Coverage

We believe in giving you choices, so we offer flexible coverage options that can match your budget and specific needs.

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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.

So, how much coverage do you really need?

While consulting with an agent is optimal for a comprehensive assessment, if you prefer a broader
perspective on life insurance, this straightforward calculation can serve as a solid starting point,
representing your “ideal coverage amount.”

Your Income
$
X
X
7
7
=
=
Your Ideal Coverage Amount
$0

Meet Adam

Adam is 40 years old, he makes $65,000 a year, has a wife and two kids ages 7 and 11.

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Adam wants to cover these expenses with his policy:

$175,000
to pay off his house
+
$90,000
for future college costs
+
$20,000
for his vehicles
+
$7,000
for funeral and burial
+
$5,000
for credit card bills
=
$297,000
IN TOTAL EXPENSES
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$175,000

to pay off his house

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$90,000

for future college tuition costs

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$20,000

for his vehicles

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$7,000

for funeral and burial

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$5,000

for credit card bills

$297,000

IN TOTAL EXPENSES

Now Here Is The Math...

Let’s take Adam’s salary, $65,000, and multiply it by seven to get Adam’s ideal coverage needs.

Adam’s Salary
$
65,000.00
x
Multiplied By 7
7
=
Adam’s Ideal Coverage
$
455,000.00

How Is That Money Spent?

The $455,000 in coverage is tax free cash to be used at the discretion of Adam’s beneficiaries. However, Adam’s family would likely use it to pay off debts and provide financial cushion to supplement for the loss of Adam’s income.

Adam’s Coverage
$
455,000.00
-
Adam’s Expenses
$ 297,000.00
=
Remaining Money For Adam’s Family
$
158,000.00

Ready To Take The Next Step?

The formula, multiplying your salary by 7, provides a solid beginning, but you don’t need to navigate this process by yourself. A life insurance expert from AmFi is ready to assist you in applying for the ideal type and amount of coverage. We’ll address all your questions, and identify the right life insurance plan that aligns with your budget and goals.

Frequently Asked Questions

FAQ

Term insurance gives you coverage for a certain number of years, whereas universal insurance gives you lifelong coverage. Our term plans are affordable with steady rates. Our universal policies have fixed rates for life, even if you get older or your health changes.

Generally healthy people can apply. All ages are eligible for the universal policy but the term policy is only available for those between the ages of 20 – 50 years of age. You may not be eligible for the policy if you have cancer, heart conditions, or other life-threatening medical conditions or lifestyle habits.

Absolutely. Unlike many insurance companies, 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 of filing your claim. 

Policies 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.