Term Life Insurance
Term Life Insurance
Term Life insurance is an important factor for any family. It serves as a foundation to help in the case of a loved one’s premature death. Plan today to make the right move for your loved ones. American Fidelity Assurance Company offers a Term Life Insurance policy to help with your financial needs for your short-term and long-term goals.
How the Plan Works
Individual Term Life Insurance has a death benefit with no cash accumulation feature. The policy is initially written for a 10, 20 or 30- year term period, but may be renewed at the insured’s option for the same level renewal period depending upon the term chosen.
The last level renewal period is no later than age 70 for the 10-year term policy and age 60 for the 20-year term policy. Thereafter, premiums are renewable annually up to age 90. The 30-year term policy is renewable annually after the initial 30-year term period up to age 90. Renewal rates will be based on the insured’s age at the time of renewal
Optional Riders
Enhance your base plan with the following riders:
- Spouse Term
- Children’s Term
- Waiver of Premium
- Accidental Death & Dismemberment
- Accelerated Benefit for Long Term Illness (30 Year Term Only)