American Income Life Product Tips

Remember when you were in school and the teacher graded your exams using a ‘Bell Curve’? Guess what? The Bell Curve is not only for exams. It literally applies to life!

This illustration shows the milestones in life. It also shows that insurance needs change depending on where you are on the curve. The need for insurance should increase or decrease – like the shape of the Bell Curve – as your earning potential and responsibilities increase or decrease.

There are two main types of life insurance – whole life and term life. Whole life provides coverage for your entire life and builds cash and loan value as you pay premiums. Premiums never increase. But whole life is generally more expensive because coverage lasts a lifetime. It provides the best overall protection for your family and covers final expenses.

Term life provides coverage only for a limited time. After that, the policyholder generally pays increased premiums to maintain the coverage. Term life, however, is usually less expensive than whole life. It’s appropriate for those with limited financial resources or who want the coverage only for a short time.

As you near retirement, the need for term insurance dwindles. By that time, you would have likely accumulated enough money to live on. From retirement to the end of life, you generally don’t need term coverage if you have an appropriate whole life product in place that can help pay final expenses.

Why not learn more about life insurance from a respected company with strong financial strength ratings? American Income Life has earned the A+ (Superior) Financial Strength Rating from A.M. Best Company (as of 6/11). To learn more about life insurance, visit American Income Life.

American Income Life insurance products

Family Life Insurance – Tips and Benefits

family life insurance tips

Most people try to be prepared before starting a family. Couples usually consider if a house is big enough, their income, jobs stability, and if they know anyone reliable in case something happens.

At American Income Life we provide life insurance coverage and help young families in case of an unpredicted accident. So along with the fun stuff like decorating your new home, deciding on your baby’s name, and choosing your vacation as a family, also think about the crucial things, like life insurance.

Life insurance is very important especially when you’re considering having a child. A life insurance policy can relieve some of the final expenses which result from the death of a loved one.

Family life insurance can be very helpful with covering future expenses. We all want the best for our children. What if we don’t get the chance to help them receive the best education? That’s where your life insurance can make things a little easier and support your children with tuition costs in the event of your death.

Secure your family’s future by getting a life insurance policy. American Income Life can assist you if you have additional questions