That’s a good question. There are two categories — temporary and permanent life policies — and American Family Life Insurance Company offers both.
Temporary life insurance provides coverage at a lower initial cost. This includes term life insurance, which remains in effect for a specific term or length of time at a set premium. Our SimplyProtected® Term Life Insurance can be a great starter policy, while our Term Life Insurance offers temporary coverage for greater needs, like families.
Permanent life insurance provides lifelong protection. This includes whole life insurance, offering long-term coverage with guaranteed premium payments that remain the same regardless of health or age changes. The policy builds cash value, and may pay dividends. Our Whole Life Insurance provides dependable, long-range protection and other attractive benefits.
You might also consider MyLife Flexible Life Insurance for your permanent life insurance needs. A MyLife policy provides long-term protection with built-in flexibility to meet your evolving needs.
We also offer supplemental coverages, known in the business as “riders,” which can enhance your life policy, too.
Simply Protected Term Life Insurance: Policy Form L-36 10, Policy Form L-36 20, Policy Form L-36 30
MyLife Flexible Insurance: Policy Form ICC13-97 UL, L-97 UL (AZ, ND, SD only)