Life Insurance

American Income Life is dedicated to helping individuals, groups, and organizations meet their life insurance needs. Final expenses can be costly, and a change in household income by the death of the breadwinner can affect a family’s livelihood. Life insurance can help offset these expenses during an already emotional and difficult time.

It’s important to find insurance that fits the personal requirements of you and your family. Many elements need to be considered before choosing the right plan for you. These can include:

  • Type and amount of coverage you need
  • Your budget
  • Potential developments in your life (like marriage)
  • Children
  • The CV Agencies can help you determine the most suitable American Income Life insurance plan for your current and future needs.

For more information, check out the life insurance products we offer.

Final Expenses Insurance

The thought of dying or losing a loved one is never an easy topic. Too often, family members struggle between mourning the passing of their loved one, dealing with the division of personal effects left behind, and making funeral arrangements. Grieving is hard, but it’s much harder when there is a financial strain of paying for the final arrangements. American Income Life offers life insurance policies that can help with the financial burden during an already difficult time.

Grieving is hard, but it’s much harder when there is the financial strain of paying for final arrangements. The average cost of final expenses continues to rise, and these expenses can be higher depending on where you live.

Typical costs include:

  • Transporting of remains
  • Embalming or cremation
  • Preparation of the body
  • Facility fee for viewing and the ceremony
  • A hearse
  • Memorial cards and register book
  • A metal casket, urn, or vault

Expenses become even more overwhelming when you consider that Social Security only pays a $255 death benefit, and only if you qualify*. That still leaves all or most of the expenses for your family to cover. A life insurance policy from American Income Life can help cover these expenses and provide security for your family during their time of grieving.

Children Protection & Insurance

Finances are an important part of your child’s future, and not something to be taken lightly. That’s where American Income Life comes in. Life insurance for your child is a wise investment in their future. Choose between term life, whole life, and the Head Start Program to determine which is best for your child.

Not sure which to pick? If your child (or grandchild) has just been born or is younger than age 17, choose the Head Start Program. If your child is in college, or just out of college, consider term life. Whole life is always a good option no matter the age.

Life Insurance for Children:

  • Whole Life Insurance
  • Term Life Insurance
  • Head Start Program

Education Insurance – If you died today, would your children be financially able to afford a good education and go to college? A life insurance policy from American Income Life can help protect that dream for them in the case of your untimely death. Be prepared and provide the best for your child.

Protection for Children:

No-Cost Child Safe Kit – Have your child’s information ready in case the worst possible situation occurs. This kit is endorsed by the Union of Police Associations and available to you at no cost. Find out more information here.

Whole Life Insurance

Whole life insurance from American Income Life provides coverage for your entire life and also builds cash and loan value with premium payments. Premiums never increase during your ownership of your whole life policy. It is generally more expensive because coverage lasts a lifetime. You choose the benefit amount that is right for your family based on your needs. The benefit amount selected is paid in full to your beneficiary.

American Income Life’s Freedom of Choice plan is a whole life insurance plan designed to take care of immediate financial needs placed on a family when a loved one passes away. As the name implies, families have the freedom to choose the funeral home, location, and type of funeral. Policyowners even have the option to designate a set amount of money to go to funeral services.

Term Life Insurance

Term life insurance from American Income Life provides coverage for a limited period of time. After that period, policy holders typically pay increased premiums to continue coverage. AIL Term life insurance is usually less expensive than whole life.

If the loss of your income would negatively impact those who depend on you, a term life insurance policy can help take care of your family financially. American Income Life offers several term life policies to fit your individual needs and budget. Your beneficiary can receive a lump-sum payment upon the insured’s death or can request the benefit to be spread out over several years to provide a monthly income.

Freedom of Choice Program

As a convenience, your beneficiary may elect to take advantage of our Freedom of Choice certificate. American Income Life’s Freedom of Choice Certificate enables the beneficiary to assign a designated benefit amount directly to the funeral home following your death. Since most funeral homes require immediate payment, this allows your family to choose any funeral home and provide them with the completed Freedom of Choice certificate. The funeral home contacts our Company directly to cover the funeral cost.

This no-cost service alleviates one burden for your family during this stressful time, allowing the funeral home to make preparations while your family grieves. A life insurance policy from American Income Life gives your loved ones money to cover funeral home charges, cemetery costs, and other related final expenses.

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