Insurance and Financial Products
With the life insurance products from American Farm Life, you can give your family the security they deserve, at an affordable monthly rate. Read below to find out more about our insurance and financial products. Have a question or comment? Give us a call!
Whole Life Insurance
American Farm Life offers a Traditional Whole Life policy which gives permanent protection to its policyowners. This policy has a guaranteed premium, cash value, and death benefit. It also is a participating policy which pays dividends based on the company's earnings. Our Whole Life Insurance is our best-selling product!
- Protection for your whole life, as long as premiums are paid
- Can build equity in the form of cash value and dividends
- Offers flexibility and many options to choose from
- Has initially higher premiums than Term Life, but generally more cost-effective in the long run
- Just like paying off a house or car, Whole Life insurance can be "paid up"
Term Life Insurance
American Farm Life offers several different term products. Depending on age, level term life insurance protection is available for 20 or 30 years.
- Provides coverage for a specified period
- Affords a less expensive way to get maximum coverage
- Depending on coverage, it can become expensive after the specified period
- Does not build equity
Combining Whole Life and Term Life
You may find a combination of Term and Permanent Life insurance meets your needs best. With American Farm Life, your term insurance is convertible any time within the term
Whole Life Insurance features lifelong protection with guaranteed premiums, death benefit, and cash value.
- Fixed premiums will not increase
- Cash value is guaranteed to grow each year
- Dividends can be used to increase the value of the policy
Our 20 and 30 year level term Product can help fill in the gaps of your insurance needs
- Convertible to permanent. As needs change, you can convert all or some of your coverage to our Whole Life policy for a lifetime of coverage without a physical and with no medical questions asked.
Premier Choice (Final Expense Policy)
AFL offers a Final Expense policy with issue ages 50-85, a simple 11-question application and no medical exams required. Issue sizes are $5,000 - $50,000.
- Whole Life Insurance coverage with guaranteed level premiums
- Guaranteed cash value increasing throughout the life of the policy
- Death benefits for your beneficiary to pay your final expenses
- Policy is assignable to any funeral home
Have a question or comment? Give us a call!
Listen to our Customers
Donnie Prater was so honest with me in helping with my insurance needs. He is one of the most pleasant persons to deal with.
−Brenda G., Lubbock, Texas