American Life Rates

American Life Rates

Get The Coverage You Need For Your Family's Peace of Mind. Life Insurance For Every Stage of Your Life.

We're Here to Help You Plan for Life's Unexpected Moments.

Is life insurance necessary for individuals over 50?

If you have dependents, debts, or other financial obligations, life insurance can be a valuable tool to help protect your loved ones in the event of your unexpected death. However, if you do not have dependents or significant financial obligations, life insurance may not be necessary. It is always a good idea to consult with a financial advisor or insurance professional to determine the best course of action for your individual circumstances.

What is life insurance?

Life insurance is a contract between an individual and an insurance company, where the individual pays a premium in exchange for the insurance company’s promise to pay a designated beneficiary a sum of money upon the individual’s death.

What types of life insurance are available?

There are several types of life insurance policies, including term life, whole life, universal life, and variable life.

How much life insurance do I need?

The amount of life insurance you need depends on several factors, including your income, debts, and the financial needs of your dependents. A financial advisor or insurance professional can help you determine the appropriate amount of coverage.

How much does life insurance cost?

The cost of life insurance varies depending on the type of policy, the amount of coverage, and the individual’s age, health, and lifestyle. Generally, term life insurance is the most affordable option.

Can I change my life insurance policy?

Yes, you can make changes to your life insurance policy, such as increasing or decreasing your coverage or changing your beneficiary. However, some changes may require additional underwriting or a new policy altogether.

Is it possible to get life insurance with pre-existing medical conditions?

Yes, it is possible to get life insurance with pre-existing medical conditions, but the cost and availability of coverage may depend on the severity of the condition and other factors such as age and lifestyle. It is best to speak with an insurance professional who can help you find the right policy for your needs.