Types of Life InsuranceTerm Life Insurance: Affordable coverage for a set period (e.g., 10, 20, or 30 years). Ideal for those seeking temporary protection, such as covering a mortgage or supporting children until they’re independent. If you pass away during the term, your beneficiaries receive a payout; if not, the policy expires without value.Whole Life Insurance: A type of permanent life insurance that provides lifelong coverage with fixed premiums and a cash value component that grows over time, offering financial flexibility.Permanent Life Insurance: Lasts your entire life and includes a cash value you can borrow against or withdraw. Perfect for those seeking long-term security and wealth-building opportunities.Universal Life Insurance: A flexible permanent life insurance option with adjustable premiums and death benefits, allowing you to adapt coverage as your needs change.Variable Life Insurance: A permanent policy where cash value is invested in various options, offering potential for higher returns but with increased risk.

Term vs. Permanent Life InsuranceTerm Life Insurance: Cost-effective, temporary coverage for specific needs, like paying off debts or supporting dependents. Best for budget-conscious individuals needing protection for a defined period.

Permanent Life Insurance: Lifelong coverage with a cash value component, ideal for those wanting lasting security and the ability to build wealth over time.Ready to find the right life insurance policy? Contact American Family Life Insurance today for a personalized quote. Work with our expert, Gregory Rainbolt, to secure your family’s future with confidence.

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