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Term Life insurance

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.

  1. Narrator: You do everything you can to protect your loved ones.

    On screen:

    • Simplified Term Life
    • Term Life
    • Flexible Life
    • Whole Life

    Narrator: Term life insurance is a simple way to help protect your family’s financial future.

    On screen:

    • DreamSecure Term Life Insurance

    Narrator: 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.

    On screen:

    • 10 Years
    • 15 Years
    • 20 Years
    • 30 Years

    Narrator: 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.

    On screen:

    • Premium
    • Coverage

    Narrator: And when your Term Life Insurance policy runs out, you’ll have the option to renew it.

    On screen:

    • Renew

    Narrator: But keep in mind, your annual renewal premium will be much higher than your initial policy premium.

    On screen:

    • Premium

    Narrator: 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.

    On screen: Term Life

    Narrator: With a term policy, you can typically purchase higher amounts of coverage for a lower premium compared to other policies like Whole Life.

    On screen:

    • American Family Life Insurance Company logo

    Narrator: Does Term Life Insurance sound right for you?

    On screen:

    • Talk to your American Family agent

    Narrator: 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.


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.

  1. Term life insurance is just what it sounds like: a policy that will remain in effect for a specific term or length of time. Term life insurance policies do not accumulate a cash value and will pay out only if the insured dies while the policy is in effect. Available in various increments from 10 to 30 years, this coverage can help financially protect your beneficiaries when they need it most.

    Term life insurance coverage is important because the death benefit can offer financial relief to your beneficiaries to help with things like rent or mortgage payments, childcare and education expenses. It’s also key for helping your loved ones afford unexpected costs like final expenses, after you’ve passed away. If your family depends on you to pay the monthly bills, those proceeds can make a world of difference to your loved ones.

    American Family Life Insurance Company offers four DreamSecure Term Life Insurance policies:

    • 10-year
    • 15-year
    • 20-year
    • 30-year
  2. If you have a DreamSecure Term Life Insurance policy, you’ll pay premiums at regular intervals — for example, monthly or annual installments. Your coverage will remain in effect for the specified number of years and the death benefit will be paid if the policy is active when the insured passes away.

    Death benefit proceeds may be distributed in a variety of ways. Most beneficiaries elect to receive the death benefit in a lump sum. Other settlement options, including the ability to disperse the death benefit in installments over a set period of time, also exist.

    If the initial term of the policy comes to an end, the policy may be renewed. However, it is important to note that the renewal premium will be higher than premiums during the initial policy term. As an additional benefit, the policyowner has the option to convert a term policy to a life insurance policy with long-term financial protection during a specified period, without answering additional medical questions or undergoing a medical exam. Life insurance needs may change over time, so this conversion benefit can be a great option for evolving needs. Take a look at our life insurance policy comparison chart to determine which policy is right for you.

  3. Asking yourself, “why do I need term life insurance?” Consider this: when comparing term coverage to other types of life policies, one of the biggest benefits of term life insurance coverage is the low rate of your premium for the level term period you select. If you’re seeking life insurance for a fixed number of years to cover the mortgage or your kid’s education expenses, etc., this coverage can be a great answer.

    For others, it’s the simplicity of a term life policy that makes it so attractive. Consistent coverage you can count on — across a certain number of years — offers a key financial safety net for your loved ones. And you can plan for your policy to end as your family matures and their financial dependency on you lessens.

  4. 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 whole life policy can also offer a feature where you can accumulate cash value that you can borrow against in the form of a loan.* Some examples of how this could be helpful would be for things like: helping with a down payment on a house, college tuition or emergency expenses. Term life insurance coverage does not offer this benefit.

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.

*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