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Whole Life Insurance

Life Insurance Is A Love Decision

  • Ordinary whole life insurancePremiums are level as long as you live, and your policy builds cash value. The initial annual cost will be much higher than the same amount of term life insurance.

  • Limited payment whole life insuranceThis policy lets you pay premiums for only a specific period, such as 20 years or until age 65, but insures you for your whole life. As a result, premium payments will be higher than if payments were spread out through your lifetime.

  • Single premium whole life insuranceThis policy is paid up after one large initial payment.

  • Modified premium whole life insuranceThis policy has a moderate cash-value component and provides a lower premium during the early life of the policy. It still has the ability to accrue cash value that can be accessed tax-free by the policyholder.

  • Survivorship life insuranceAlso called “second-to-die” life insurance, this type of whole life policy insures two lives (typically spouses) and pays out upon the death of the second individual. This is good for people who need to provide for beneficiaries only after both have passed away. It is also less expensive than insuring two lives under separate policies.

Term Life Insurance

Life Insurance Is A Love Decision

  • Level premium - For the policy’s time period, say 20 years, your premium stays the same. Many term life policies give you the option to renew your coverage at the end of the term without undergoing another medical exam. However, your premiums will rise annually after the level term period – often substantially.

  • Return of premium - If you’d like to have term life insurance protection in place to provide for beneficiaries but you’re confident you’ll outlive the policy, you could consider "return of premium” term life insurance. Under this type of policy, if no death benefit has been paid by the end of your insurance term, you receive all your premiums back. It pays to shop around for a policy like this. On the low end, you can expect to pay 50 percent more in premiums than comparable traditional term life insurance.

  • Final Expense - If you don’t like answering a lot of questions and you want a small policy just to pay for your funeral, you might consider final expense insurance. This coverage typically pays a lower benefit than conventional term life insurance. You cannot be turned down for this type of policy, but here again you’ll pay more for that convenience

Variable Universal Life

Life Insurance Is A Love Decision

Grow your income, while protecting your assets.

Variable Life Insurance is a permanent life insurance policy that allows the ability to accumulate cash value while providing variety and control over professionally managed investment options. You have the freedom to monitor and make decisions on where to allocate your funds over time. This product also provides flexible premiums and a flexible death benefit.

What our customers are saying

AFMG took what I could afford and put it to work for me.

.....Happy Client

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