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MyLife Flexible Life insurance

MyLife Flexible Life Insurance

MyLife Flexible Life Insurance offers lifelong, flexible coverage that can change as your life evolves. With a permanent, adjustable life policy, you can help financially protect your loved ones no matter which stage you’re at in life.

How Does MyLife Flexible Life Insurance Work?

American Family can help you go after your dreams with confidence. MyLife Flexible Life Insurance is adjustable life insurance that provides the flexibility to make changes to your policy at different stages of your life. This coverage also offers attractive features, such as living benefits like the accumulation of cash value, and the ability to reduce or increase the amount of coverage and premium paid.

MyLife Flexible Life Insurance is a smart choice for people who value flexibility. It provides two options for meeting your needs throughout your lifetime:

MyLife Freedom. Provides higher amounts of coverage for when your family’s needs are at their peak, like when you have a mortgage, kids or other debts to pay off. It also allows you to reduce coverage in retirement years — with no payments after age 65 or 20 years after purchase, whichever is later.

MyLife Legacy. Offers the flexibility you need to build value throughout your lifetime. It maximizes the policy’s coverage and cash value as you get older and can allow you to provide your family with a legacy.

Customize Your Policy

American Family Life Insurance Company offers a number of additional coverages that you can purchase to build a life policy that suits your needs. Here are some of the additional coverages available*:

Children’s Insurance Rider: Provides $10,000 worth of coverage on natural, adopted and step children. The premium is the same, regardless of the number of children.

Guaranteed Purchase Option: Allows the purchase of extra permanent life insurance without medical questions or a medical exam at specified dates and life events.

Waiver of Monthly Deductions Rider: Waives certain monthly deductions if the insured is totally disabled.

Accidental Death Benefit Rider: Provides your beneficiary with an additional death benefit, up to $100,000 if death occurs from accidental death as defined in the rider.

In addition to the coverages available for purchase mentioned above, each policy automatically comes with an Accelerated Death Benefit option (to be added at time of need). This benefit allows the policy owner to collect a part of the death benefit under certain conditions if the primary insured is diagnosed with a terminal illness.**

When Should You Get Life Insurance?

Although planning for your future can be done at any time, we believe the earlier, the better. Your life insurance premium is based, in part, on your age and can be affected by your health. So the time to buy life insurance is when you are young and in good health.

Are you newly married, have children or reaching retirement? Life insurance is a great way to protect your loved ones no matter what stage of life. Read more about when you should get life insurance to ensure you’re protecting the ones who matter most.

With flexible, permanent protection like MyLife Flexible Life Insurance, you can gain peace of mind knowing that you’re looking out for your family’s well-being. Start planning today with your American Family Life Insurance agent.

*Additional coverages are subject to rider terms and conditions.
** Exercising the Accelerated Death Benefit option may have tax consequences and could impact qualification for government benefits.

Policy Form ICC13-97 UL, Policy Form L-97 UL (AZ, ND, SD only), Rider Form ICC13-CIR UL, Rider Form L-CIR UL (AZ, ND, SD only), Rider Form ICC13-GPO UL, Rider Form L-GPO UL (AZ, ND, SD only), Rider Form ICC13-WMD UL, Rider form L-WMD UL (AZ, ND, SD only), Rider Form ICC13-ADB, Rider Form L-ADB UL (AZ, ND, SD), Rider Form L-ACDB (UL)