What is life insurance?

Life insurance is a contract between you and an insurance company—you make payments to the insurance company and in return, the insurance company will pay a specified amount of money to your beneficiaries (spouse, dependents, and/or loved ones) upon your death. Essentially, a life insurance policy could be the only financial resource your spouse, children or loved one depend on when you aren't there to provide.

All life insurance plans have different attributes and factors that are taken into account when policies are written. Premiums are based on factors such as your age, gender, vocation, and/or medical history; some policies also require a paramedical examination. Some important factors to consider when deciding on a plan are: need, total cost of coverage, dependent coverage, monthly contribution amounts, and the length of time you will need coverage.

Why You Need Life Insurance

A life insurance plan should be a part of your future financial planning. Just like you take care of your loved ones now, they should also be taken care of in the event you are not around to provide. Life insurance policies allow benefits to be paid directly to beneficiaries to relieve the burden of significant expenses and allow for future financial stability.

If you fall into any the following categories, a life insurance plan could be a crucial piece in planning for your future:

• I have a spouse.
• I have dependents.
• I provide for other loved ones.
• I have a dependent parent or disabled loved one.
• I own a business.
• I have an estate.
• I have a mortgage or multiple loans.

Why choose AFBA for your life insurance needs?

AFBA offers many life insurance products to suit your needs. Whether you are looking for an alternative to SGLI/VGLI, coverage for your spouse or children, or coverage for a specified period of time, AFBA can satisfy your needs—all with no war or terrorism clauses.

Customer Service

If you need more information regarding any of the life insurance products, please use our e-mail form to contact AFBA Customer Service or call us, M - F from 8:00am - 5:30pm EST at 1-800-776-2322.