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coverage you need.

At Amerifen Insurance we want to be the insurance agency that you go to because you trust us and know we will have your best interests at heart.   

When it comes to choosing the right Life Insurance policy for you and your family, we start by asking what your future goals are.   Do you wish to provide a tax-free income for your beneficiaries, have funds for the payment of the final expenses or estate taxes, replace the income that is lost if you pass away, or provide a significant charitable contribution, either way we can help you choose the policy that will fit your needs at an affordable price.

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Learn about

Life Insurance

  • Indexed Universal Life (IUL) is a type of permanent life insurance that offers the potential for higher interest rates than traditional universal life policies.

    These types of policies allow the policyholders to accumulate cash value growth through participation in market indexes such as the S&P 500.

    IUL policies offer flexibility in premium payments and death benefit options, and policyholders can access the cash value through tax-free loans or withdrawals.

    When the index performs well, the policy's cash value can increase, providing an opportunity for policyholders to accumulate more savings over time.

    The benefits of an IUL it has the potential for higher returns, greater flexibility, tax-free capital gains, no social security impact, and a death benefit.

    The drawbacks of an IUL are there is no guarantee on the return, there is a cap on returns, and this type of policy may have higher fees than the other policies.

  • Whole Life Insurance is a type of permanent life insurance that will never expire as long as you keep making your premium payments. It will provide some cash value in addition to the death benefit.

    Most whole-life policies are “level premium,” which means the premium you pay will be the same monthly rate for the length of the policy. Those premiums are split in two ways. One part of your payment goes to the insurance component, while the other part helps build your cash value, which grows over time.

    The benefits of Whole Life are It allows you to borrow against the policy for other financial needs and the loans and withdrawals are generally tax-free. Also, the premiums are locked in for the life of the policy.

    The drawback of Whole Life is that it costs more than the Term Policies and if you let the policy lapse within the first few years you could face surrender charges, also any outstanding loans will reduce your death benefit.

  • Term life insurance offers protection for a set period. The terms generally are set at 10, 20 and 30 years. These policies also have life benefits for critical, chronic, and terminal illnesses.

    Also, term life premiums are generally lower for younger and healthier individuals because insurance companies/insurers consider them to be less risky to insure.

    The benefits of Term are the cost is much lower than many of the other types of life insurance also it is easier to understand than permanent policies.