DreamSecure Term Life Insurance Policies
DreamSecure Term Life Insurance Policies
A term life policy lasts for a specific number of years, while whole life insurance covers you for your entire life. Though comparatively more expensive, whole life coverage means you’ll have a permanent death benefit (subject to policy terms), whereas term life insurance only delivers life insurance coverage for a specific amount of time.
A term life insurance policy is a simple way to protect the ones who matter most to you. You’ll choose how much coverage you want for a specific length of time, and you’ll be protected during that period as long as you pay your premium. With a DreamSecure Term Life Insurance policy, you’ll have peace of mind knowing your loved ones have some financial protection. Watch this short video on term life insurance, then keep reading to find answers to commonly asked questions.
[MUSIC PLAYING]
You do everything you can to protect your loved ones.
Term Life Insurance is a simple way to help protect your family's financial future.
At American Family Life Insurance Company, we offer our DreamSecure Term Life Insurance policies that can cover you for a 10, 15, 20, or 30-year initial term.
These are level term policies, meaning the premium and coverage amount will stay the same for the length of the term you choose.
One of the main attractions of Term Life is the lower initial cost compared to other types of policies.
And when your Term Life Insurance policy runs out, you'll have the option to renew it.
But keep in mind your annual renewal premium will be much higher than your initial policy premium.
If you pass away while the policy is in effect, your beneficiary will receive the death benefit proceeds.
Your beneficiaries can use the death benefit for anything they choose.
Most people use it to help cover financial obligations, such as funeral expenses, mortgage costs, credit card and loan balances, education funds, child care, and income replacement.
With a term policy, you can typically purchase higher amounts of coverage for a lower premium compared to other policies like whole life.
Does Term Life Insurance sound right for you?
Connect with an American Family Insurance agent to see how Term Life Insurance can be a financial safety net for you and your loved ones.
Find the Term Life Insurance Policy That’s Right for You
Does a DreamSecure Term Life Insurance policy sound right for you? Contact your American Family Insurance agent. They’ll help you build a customized policy that fits your unique lifestyle. You can also use our life insurance calculator to determine coverage needs and estimate costs.
The information on this webpage represents only a brief description of coverages, is not part of your policy, and is not a promise or guarantee of coverage. If there is any conflict between this information and your policy, the provisions of the policy will prevail. Insurance policy terms and conditions may apply. Coverage features and limits vary by state and may be subject to change. Some products are not available in every state. Discount availability and eligibility vary by state and policy terms. (Discounts apply to auto and property policies.) Please check with your agent and read the policy for exact details on coverages and exclusions.
*Subject to policy and rider terms and conditions, including items like plan minimums and timely payment of premiums.
**Disclaimer: Any loans taken from your life insurance policy will accrue interest. Any outstanding loan balance (loan plus interest) will be deducted from the death benefit at the time of claim. If the loan balance grows too large for the cash value to support it, the policy could terminate.
Policy Forms: ICC18-33 (10), ICC18-33 (15), ICC18-34 (20), ICC18-35 (30), L-33 (10)(ND), L-33 (15)(ND), L-34 (20)(ND), L-35 (30)(ND), L-33 (10)(SD), L-33 (15)(SD), L-34 (20)(SD), L-35 (30)(SD)
Rider Forms: ICC18-CIR (LT), L-CIR (LT), ICC18-WP (TERM), L-WP (TERM), L-WP (SD)(TERM), ICC17-ACDB TER, L-ACDB TER