American Heritage wants its members to lead long and productive lives. Life, however, can sometimes take unexpected turns. A life insurance policy provides your family and beneficiaries with financial support in the event of unexpected illness, the need for long-term care or death.
Choosing the right life insurance policy and coverage is an important step in your financial planning. The American Heritage Investment & Retirement Center (IRC) office can provide you with information and review your options. IRC works with several life insurance providers, so it’s likely you’ll save money while getting the coverage you and your family need. The consultation is free.
To contact the American Heritage Investment & Retirement Center (IRC): (215) 969-2967
Credit Life is an insurance policy that pays off a loan if you or your covered joint borrower dies. Credit Life policies are typically low-cost and are easy to arrange. Click here for more information.
Term Life Insurance
Term life insurance provides coverage for a certain time period. It’s often called “pure life insurance” because it’s designed only to protect your dependents in case you die prematurely. If you have a term policy and die within the term, your beneficiaries receive the death benefit. The policy has no other value but is significantly cheaper then whole life insurance. Policies often have terms of one year to 30 years. Click here to schedule an appointment to talk to a pro.
Whole Life Insurance
Whole life provides lifelong coverage and includes an investment component known as the policy’s cash value, your policy will never expire as long as it is funded. The cash value grows slowly, tax-deferred, meaning that you won’t pay taxes on its gains while they’re accumulating. You can borrow money against the account or surrender the policy for the cash. Remember that the primary purpose of whole life insurance is to provide a death benefit, whole life is more expensive then term life. Click here to schedule an appointment to talk to a pro.
Long Term Care Insurance
Long-term care is usually very expensive, which is why most people need insurance. Most LTC insurance policies will cover only a specific dollar amount for each day you spend in a nursing facility or for each home-care visit. When considering an LTC insurance policy, please work with an expert and compare the benefits to determine which policy will best meet your own needs. Click here to schedule an appointment to talk to a pro.