Whole & Term Life Insurance Policies
Putting Your Family First
Securing a life insurance policy for your family is often the one decision that prevents families from suffering through financial hardship.
Protect those you love when they will need it most and prevent the countless “what if” scenarios.
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What if I die unexpectedly?
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What if my family loses our home?
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What if my children don’t have the funds to attend college?
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What if there isn’t enough savings to cover my funeral and final expenses?
Now, what if the decision you make today prevents the worst in each of those circumstances by providing full coverage, and then some?
Our team at The Rachel Brown Agency is here to give you the solutions and financial relief to ensure your family is protected through it all.
Whole Vs. Term Life Insurance Policies
We’re committed to helping you make informed decisions about your insurance policies, so here’s a quick breakdown for clarity. There are two types of life insurance: Whole Life and Term Life.
The specifics of your life (i.e. age, income, and other factors) help determine which type of and how much life insurance is appropriate for you.
But one fact remains true— funds for your funeral and final expenses will always be needed!
If the loss of your income would negatively impact those who depend on you, consider adding a term life policy to a whole life policy. Term life insurance can help your family if you die during your peak earning and asset accumulation years.
WHOLE LIFE INSURANCE
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Provides coverage for your entire life
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Premiums never increase during ownership of your whole life policy
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Builds cash and loan value
TERM LIFE INSURANCE
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Provides coverage for a limited period of time
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After that period, policyholders typically pay increased premiums to continue coverage
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Usually less expensive than whole life insurance
Additional Life Insurance Coverage
TERMINAL ILLNESS RIDER
This rider can be added to a life insurance policy at no cost to the insured. The Accelerated Benefit pays fifty percent of the coverage face amount when the insured is diagnosed with a terminal illness and has a life expectancy of less than 12 months (24 months in IL, MA and WA).
The policy premiums remain the same after payment of the Accelerated Benefit to the insured and the beneficiary receives the remainder of the policy proceeds upon death of the insured. Complete details of the benefits, terms, conditions, and exclusions of specific policies and availability should be obtained from the agent or American Income Life.
HEAD START PROGRAM
Give your children the gift of lifetime coverage, regardless of future health issues.
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Up to $25,000 in initial coverage
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Policies can't be cancelled unless premium payments lapse, and the benefit can never be reduced even if the child's health changes
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Future options to purchase up to $150,000 in coverage
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Premium for each increase is standard rate for that age, regardless of health
Complete details of the benefits, terms, conditions, and exclusions of specific policies and availability should be obtained from the insurance agent, American Income Life or National Income Life Insurance Company.
FINAL EXPENSE PROGRAM
Through our Final Expense Program, you don’t just have one option for what to do with your policy. You can help your family pay the mortgage, pay off debt, plan your final arrangements, and more when the time comes. You can’t control the unexpected, but you can plan for it with the right life insurance coverage.