Looking for a life insurance plan that is flexible and can be adjusted to fit your circumstances? The Level Term is the right option for you. With an EZ application that has only a few medical questions, you'll have a plan offering longer term coverage than other products.
Our Level Term product is designed for shorter terms and lower amount coverage need. With coverage terms of 5 & 10 years and coverage amounts for $25,000 to $50,000, this product is ideal to use as collateral to pay off a smaller loan, such as a car or truck loan.
Convertible to Whole Life
Convert your Term Life Plan to whole life to have coverage your entire life. We can convert your policy up to age 60.
The cost of a level term life insurance policy is mid-range premium while offering coverage amounts from $25,000-$50,000 for ages 18-60.
Loan Collateral Coverage
The product can be used in place of credit life or as collateral for a loan such as an auto loan. It is very competitive with Credit Life policies.
Policy Riders Available
We know you are unique and offer flexibility when it comes to optional coverages. We offer child coverages as well as an Accidental Death Benefit and a Disability Waiver Benefit.
Ready to insure your biggest asset?
You insure your home and auto but the most important asset to insure is you and your ability to provide income for your family needs.
Determining the right product and the amount of coverage may seem like a daunting task but with the experience of our local agents in your community, they'll help you find the right coverage. AFR Life is prepared to help you protect what matters.
Find an AFR agent today and start exploring the coverage options that best fits your needs!
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Level Term Frequently Asked Questions
What terms are available for Level Term?
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This product offers 10, 15, 20 and 30 year terms.
What are the coverage limits on Level Term?
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Amounts of insurance available for this product range from $25,000 to $50,000.
What would this policy likely be used for?
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This product is designed to cover a specific liability that would last up to 10 years. For example, someone buying a car/truck may use this to pay off the loan amount in the case of a death claim.
Why Choose AFR Life?
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Insurance terms, definitions and explanations are intended for informational purposes only and do not in any way replace or modify the definitions and information contained in individual insurance contracts, policies or declaration pages, which control coverage determination. Such terms may vary and exclusions may apply. Other discounts may be available on an individual basis. All policies are different and your policy may not qualify for all discounts listed.
AFR Insurance is proud to have earned a Financial Stability Rating of A from Demotech, Inc. The Financial Stability Rating is an indicator of an insurance company's strength. An A rating means AFR has "Exceptional ability to maintain liquidity of invested assets, quality reinsurance, acceptable financial leverage and realistic pricing while simultaneously establishing loss and loss adjustment expense reserves at reasonable levels."
Demotech awards this rating after performing a thorough review of a company's financial statements. This rating is independent of the size of a company due to Demotech's belief that a small, well-run insurer may outperform a larger insurance company.