It's always better to have it and not need it, than to need it and not have it.
Life insurance is not for you
Your bills and other obligations do not necessarily die when you do. Car payments, house payments, tuition, etc. may pass to family members who survive you. With a life insurance policy, you can provide the means for relieving those debts and save your family from the financial hardship.
Life insurance provides cash when your family needs it most
The death benefit on a life insurance policy, could be used to replace your income and help your family meet many important financial needs like funeral costs, daily living expenses, and college funding. What's more, there is no federal income tax on life insurance benefits.
Life insurance is a way to show your love and appreciation
Life insurance works even if you live to a ripe old age. Whenever you die, life insurance pays the death benefit to your heirs. It can be used to preserve wealth by offsetting estate taxes, or by creating additional wealth for your family or a charity you want to support.
The AMLA offers a range of benefit levels and premium payment schedules. Not sure which one is right for you? We are happy to quote you a price on multiple payment schedules so that you can pick the one that fits your budget. Contact the Home Office at 216-531-1900 (Monday through Friday, 8:30 AM to 5:00PM EST) or e-mail: Member@AmericanMutual.org.
How Much Do You Need?
This is a tough question. Everyone has different needs. Our Home Office has licensed agents who can help you find the right amount of insurance coverage. We also recommend that you use a Life Insurance Needs Calculator, available here to help you explore this question too.