How Does DreamSecure Flexible Life Insurance Work?
American Family can help you go after your dreams with confidence. DreamSecure Flexible Life Insurance is adjustable life insurance that provides the flexibility to make changes to your policy at different stages of your life. This coverage also offers attractive features, such as living benefits like the accumulation of cash value, and the ability to reduce or increase the amount of coverage and premium paid.1
DreamSecure Flexible Life Insurance is a smart choice for people who value flexibility. Here are a couple of ways a DreamSecure Flexible Life Insurance policy can be built to meet your long-term goals:
Elect Paid-Up Insurance. The paid-up insurance option allows you to select higher amounts of coverage when your family’s life insurance needs are at their peak, like when you have a mortgage, kids or other debts to pay off, and then provides the option to reduce coverage when those needs decrease — maintaining your life insurance coverage with no further payments after you elect the paid-up option.1,2
Build Cash Value. A policy that maintains the original amount of coverage offers the flexibility you need to build value throughout the life of your policy. It maximizes the policy’s coverage and cash value as you get older and can allow you to provide your family with a legacy.1
Customize Your Policy
American Family Life Insurance Company offers a number of additional coverages that you can purchase to build a life policy that suits your needs. Here are some of the additional coverages available:3
Children’s Insurance Rider: Provides $15,000 worth of coverage on natural, adopted and step children. The premium is the same, regardless of the number of children.
Guaranteed Purchase Option: Allows the purchase of extra life insurance without medical questions or a medical exam at specified dates and life events.4
Waiver of Monthly Deductions for Disability: Waives certain monthly deductions if the insured is totally disabled.
In addition to the coverages available for purchase mentioned above, each policy automatically comes with an Accelerated Death Benefit option (to be added at time of need). This benefit allows the policy owner to collect a part of the death benefit under certain conditions if the primary insured is diagnosed with a terminal illness.5
When Should You Get Life Insurance?
Although planning for your future can be done at any time, we believe the earlier, the better. Your life insurance premium is based, in part, on your age and can be affected by your health. So the time to buy life insurance is when you are young and in good health.
Are you newly married, have children or reaching retirement? Life insurance is a great way to financially protect your loved ones no matter what stage of life. Read more about when you should get life insurance to ensure you’re protecting the ones who matter most.
With flexible, long-term protection like DreamSecure Flexible Life Insurance, you can gain peace of mind knowing that you’re looking out for your family’s well-being. Start planning today with your American Family Life Insurance agent.