Q: What is unique about this term life policy?
A: It's convenient. You can apply for—and receive—a term life policy in just minutes, subject to underwriting approval. You don't have to take time out of your schedule to meet with insurance agents or medical professionals.
Q: Do I have to qualify for life insurance coverage?
A: Life Insurance approval is subject to health history and underwriting guidelines. Not all applicants will qualify. Coverage amounts vary by age. See policy for specific details of coverage.
Q: How long does the coverage last?
A:
10-year term:
Premiums are guaranteed level for 10 years, the policy ends after 10 years, available for ages 18-60.
20-year term:
Premiums are guaranteed level for 20 years, the policy ends after 20 years, available for ages 18-50.
30-year term:
Premiums are guaranteed level for 30 years, the policy is renewable until age 95, available for ages 18-45.
Q: What is the level premium period?
A: For the 10 and 20 year term products the premiums are guaranteed to remain level for the entire coverage period. For the term to age 95, premiums remain level for the first 30 years and then increase annually.
Q: How long will it take to apply by phone?
A: Apply for a term life policy and be approved in just minutes, in many cases. Call (877) 536-2373 and a licensed professional will talk you through the application process on the phone. If you get approved then we'll ask for your first monthly payment. You're covered.
Q: How can you do this without a medical exam?
A: We use state-of-the-art technology to quickly analyze the information you provide us to paint a picture of your risk, saving you time and hassle.
Q: How do you verify my information?
A: With your permission, we use patented technology to analyze your data (such as prescription and driving history) and determine your risk level. In seconds, we crunch the numbers and compare that information to the answers you've given us on the application.
Q: What if I change my mind about the policy I buy today?
A: You'll receive a full refund if you change your mind and inform American Family Life Insurance Company within 30 days of delivery of your policy. That's a guarantee.
Q: What is not covered?
A: Suicide. If the cause of death is suicide within the first two years of the issue date, then we pay the beneficiaries no more than the amount of all premiums paid less any dividends paid.
Q: The fine print.
A: Only the proposed insured can apply for this policy.
It is a crime in all 50 states to make a false statement on an insurance application. Misstatement of Age or Gender - If age or gender is misstated in the application, we will revise the amount of the death benefit proceeds to the amount the paid premium would have purchased for the correct age or gender using our published rates in effect on the issue date. Replacements - This product is not available if you have the intention of replacing, borrowing from a current in-force policy (or policies) or changing any existing life insurance policy or annuity contract. The contestable period is two years from the date of issue during the lifetime of the insured. During this period, we have the right to contest the policy or deny a claim because of material misstatements made in the application. These policies have no cash value.
