American-Amicable Group Texas provides a range of quality life insurance packages to suit the unique needs of each individual policyholder.
Insurance is not a one-size-fits-all solution, which is why American-Amicable offers a wide variety of insurance solutions. Whether you need temporary coverage, lifelong protection, or flexibility, American Amicable can find the solution for you.
American Amicable Life Insurance Products:
Term Life Insurance
Term life insurance provides coverage for a specific period, typically 10, 20, or 30 years. This is a great choice for those who want affordable, temporary protection during key life stages.
Why choose term life insurance?
- Affordability: Term life insurance generally offers lower premiums compared to other types of life insurance, making it ideal for individuals looking for cost-effective coverage.
- Simplicity: This straightforward coverage lasts for a set term, making it easier to plan around significant life events like paying off debt or securing your family’s financial future while children are still dependents.
- Temporary Need: If you’re looking for coverage during specific periods, such as the duration of a loan or until retirement, term life insurance is a practical option.
Whole Life Insurance
Whole life insurance offers lifelong coverage and includes a savings component, known as cash value, which grows over time. Unlike term insurance, whole life insurance covers you for your entire life, as long as you continue paying the premiums.
Why choose whole life insurance?
- Lifetime Protection: Whole life insurance is perfect for those who want coverage that lasts their entire life, providing financial stablity for loved ones no matter when you pass away.
- Cash Value Growth: In addition to providing a death benefit, whole life insurance builds cash value over time, which you can borrow against or use in the future to supplement retirement or fund other expenses.
- Guaranteed Premiums: Your premium payments stay the same throughout the life of the policy, so you don’t have to worry about rate increases.
Universal Life Insurance
Universal life insurance offers flexibility in both coverage and premium payments. It combines permanent protection with a cash value component, similar to whole life insurance, but with more opportunities to adjust premiums and death benefits over time.
Why choose universal life insurance?
- Flexible Premiums: Universal life allows you to adjust your premium payments and death benefit as your financial situation or needs change. This can be beneficial if your income fluctuates or if you want to increase or decrease your coverage over time.
- Cash Value Growth: Like whole life, universal life insurance also builds cash value that can grow based on the interest rates credited to the policy. This can be used to help fund future needs or to potentially reduce the amount of premiums you pay later in life.
Long-Term Flexibility: If you’re looking for lifelong coverage with the option to adjust as your goals and financial situation change, universal life insurance provides this flexibility.
