Not everyone needs lifetime coverage. In fact, there are many situations where short- or limited-term insurance is a better fit. Your children will eventually complete their education and become independent, your mortgage will ultimately be paid off, and you and your spouse will retire. American National offers many term insurance options for just these types of limited situations.
With a term life policy, you’ll pay a regular premium for the length of the term in exchange for a fixed amount of coverage for that same period. Term life premiums are generally lower than premiums for permanent life insurance.
People choose American National term life for a variety of reasons:
- Custom selection of the term (10, 15, 20 or 30 years) that best fits your needs
- Competitively priced, affordable coverage for only the time you need it
- Level premium payments
- Ability to customize coverage with riders such as living benefits
- Preservation of insurability for converting to permanent insurance later
- Policies backed by American National’s 100+ years of financial stability
Locate a life insurance policy
Sometimes life insurance policyholders forget to tell beneficiaries about their policies. If you think you are a named beneficiary on a deceased loved one’s life insurance policy, the National Association of Insurance Commissioners can help. Use the NAIC life insurance policy locator to get started.
Once requested, the NAIC will:
· Ask participating companies to search their records
· Ask those companies to reach out to you. But, you must be the designated beneficiary or authorized to receive information.
Visit the NAIC’s list of Frequently Asked Questions if you have any other questions.