America First Credit Union Life Insurance: What You Need to Know

Life insurance is an important way to protect your loved ones financially in case something happens to you. But with so many options, it can be hard to know where to start. As a member of America First Credit Union, you have access to a variety of affordable life insurance products to meet your needs.

In this complete guide, we’ll explain everything you need to know about America First Credit Union’s life insurance offerings.

Overview of Life Insurance at America First

America First Credit Union partners with leading insurance providers to offer members customized life insurance solutions including:

• Term life – Offers affordable temporary coverage for a set period like 10 or 20 years.

• Whole life – Provides permanent lifelong coverage as long as you pay premiums. Cash value accumulates.

• Universal life – A flexible permanent policy where you can adjust the death benefit and premiums.

• Accidental death – Pays out if you die due to a covered accident. Includes dismemberment benefits.

You can get quotes and apply conveniently online or by visiting a local America First branch. Read on to learn more about each life insurance product available.

Term Life Insurance

Term life insurance is one of the most popular options because it provides affordable coverage for a specific term length that you choose, such as 10, 15, 20, or 30 years.

Here are some key advantages of America First Credit Union’s term life insurance:

• Low cost – Term life premiums are significantly lower than permanent insurance since coverage expires after the term ends.

• Customizable terms – Pick a term length that aligns with the time period you need protection.

• Guaranteed renewal – Policies can be renewed up to age 95 as long as you pay the premiums.

• Convertibility – Term policies can convert to permanent insurance in the future without a medical exam.

• Level premiums – Rates lock in at the initial age and won’t increase during the term length.

America First term life policies offer coverage amounts from $25,000 up to $500,000 depending on health and age. You can also add optional children’s coverage.

If you need temporary coverage on a budget, term life through America First Credit Union is a great option.

Whole Life Insurance

Unlike term insurance, whole life insurance provides permanent protection that lasts your entire lifetime. The policy accumulates cash value that you can borrow against or withdraw.

Here are some key features of America First Credit Union’s whole life insurance:

• Lifelong coverage – As long as you pay premiums, coverage continues until you pass away at any age up to 121 years old.

• Level premiums – The monthly premium cost locks in based on your age when the policy starts.

• Cash value – Your policy builds up cash value that earns interest you can tap into while alive.

• Dividends – After year two, dividends from the insurance company go toward increasing your cash value.

• Guaranteed death benefit – The payout your beneficiaries receive is guaranteed as long as you pay your premiums.

• Policy loans – You can take out a loan against your policy’s cash value if you need access to funds.

• Customizable premiums – Select premium and death benefit amounts to match your budget.

Whole life insurance offers permanent coverage plus long-term savings through guaranteed cash value growth in your policy over time. This makes it a great option for family protection and financial stability.

Universal Life Insurance

Universal life insurance is another form of permanent cash value life insurance from America First Credit Union. Like whole life, it provides lifelong coverage if you pay your premiums.

Some key advantages of universal life insurance include:

• Flexible premiums – You can raise or lower your premium payments according to your budget. Lowering premiums reduces the death benefit.

• Adjustable death benefit – Modify the death benefit as your needs change without purchasing new insurance.

• Cash value growth – Your cash value earns interest at a minimum guaranteed rate.

• Policy loans – You can borrow against the policy’s cash value for financial emergencies.

• No medical exam – Simplified issue policies up to $150,000 don’t require a health exam.

Universal life provides more flexibility to adjust your payments and coverage than whole life insurance. It works well if you need permanent insurance on a variable budget.

Accidental Death Insurance

Accidental death insurance pays out an additional benefit if you pass away due to a covered accident. America First Credit Union offers this as a rider you can add to term, whole, or universal life insurance.

Key advantages include:

• Double death benefit – Your beneficiary receives 2x the face amount if you die from an accident.

• Dismemberment coverage – Pays a portion of the death benefit if you lose limbs or sight from an accident.

• Affordable premium – Average cost is just $2-$3 per month for $10,000 of extra protection.

• Guaranteed issuance – No medical exam required regardless of health.

Accidental death insurance provides inexpensive added protection for the unexpected. It’s easy to add a rider to supplement your base life insurance policy.

Applying for Life Insurance at America First

Applying for life insurance coverage through America First Credit Union is convenient and straightforward. You can get started either online or by visiting your local branch.

To apply online:

• Go to AmericaFirst.com/life-insurance

• Select the type of life insurance product you want

• Answer some basic health and lifestyle questions

• Pick your preferred coverage amount and terms

• Provide beneficiary information

• Pay for and submit your application online instantly

To work with an America First agent:

• Schedule a branch appointment online or call 800-999-3961

• Meet with an agent to discuss your life insurance needs

• Get quotes for different policy types, terms, and coverage limits

• Complete the application process with assistance

The full underwriting process typically takes 1-2 weeks. Once approved, you’ll receive policy documents by email and mail. Then just pay your first premium to activate coverage.

Other Insurance at America First Credit Union

In addition to life insurance, America First Credit Union offers many other insurance products to fully protect what matters most to you:

• Auto insurance – Get exclusive member discounts on auto coverage.

• Home insurance – Bundles home and auto insurance for added savings.

• Renters insurance – Protects your belongings when renting.

• Boat insurance – Covers motorboats, sailboats, yachts, and jet skis.

• Motorcycle insurance – Protects your bike, accessories, safety gear and more.

• RV insurance – Comprehensive coverage for motorhomes, campers, and trailers.

• Umbrella insurance – Extra liability coverage beyond auto and home insurance limits.

As a member, you can conveniently bundle multiple insurance policies together at America First and save money. Speak to an agent about all your insurance needs.

Why Choose Life Insurance from America First?

There are many great reasons to buy life insurance through America First Credit Union:

• Exclusive member pricing – Rates not available to the general public

• Trusted partner carriers – including TruStage, MetLife, and Liberty Mutual

• Bundling discounts – Save by combining life with other policies

• Convenient quotes and application – Buy insurance easily at your local branch

• Ongoing support – America First agents are always ready to help

• Credit union membership – Enjoy the many other benefits of credit union membership

If you need life insurance, you can trust America First Credit Union for affordable pricing and excellent service. As a member, you can purchase quality coverage hassle-free.

The Bottom Line

No matter what life stage you’re in, life insurance is an essential part of caring for your loved ones. As an America First Credit Union member, you can access group rates on term, whole, universal, and accidental death policies.

To get started, visit AmericaFirst.com/life-insurance to get an instant quote online. Or schedule an appointment with your local branch to meet with an agent and review options. They can guide you to the right policy for your budget and needs.

With America First life insurance, you gain peace of mind knowing your family is protected financially even when you can’t be there for them. Contact America First today to discuss life insurance questions.