Ameritas Life Insurance: Your Complete Guide

When it comes to life insurance, Ameritas is a name that many people trust. Ameritas has been providing life insurance policies to individuals and families for over 100 years, and they have a reputation for providing excellent customer service and reliable coverage. In this article, we will take an in-depth look at Ameritas life insurance, including their policies, coverage options, and more.

What is Ameritas Life Insurance?

Ameritas is a mutual insurance company that offers a variety of insurance and financial products. They offer life insurance policies that can help provide financial protection to your loved ones in the event of your death. Ameritas life insurance policies come in different types, each with its own benefits and features.

Why Choose Ameritas Life Insurance?

There are several reasons why you might choose Ameritas life insurance over other insurance providers:

What Types of Life Insurance Policies Does Ameritas Offer?

Ameritas offers several types of life insurance policies:

Term Life Insurance

Term life insurance provides coverage for a specific period of time, usually between 10 and 30 years. If you die during the term of the policy, your beneficiaries will receive a death benefit. Term life insurance is often the most affordable type of life insurance, making it a popular choice for individuals and families.

Whole Life Insurance

Whole life insurance provides lifelong coverage and includes a savings component, known as cash value. The policy builds cash value over time, which you can borrow against or use to pay premiums. Whole life insurance tends to be more expensive than term life insurance, but it provides lifetime coverage and can be a valuable part of your overall financial plan.

Universal Life Insurance

Universal life insurance is a type of permanent life insurance that offers more flexibility than whole life insurance. With universal life insurance, you can adjust the amount of your premiums and death benefit, within certain limits. You can also use the cash value of the policy to pay premiums or withdraw funds.

Indexed Universal Life Insurance

Indexed universal life insurance is a type of universal life insurance that allows you to earn interest based on the performance of a stock market index, such as the S&P 500. This can provide the opportunity for higher returns than traditional universal life insurance.

How much Life Insurance Coverage do You Need?

The amount of life insurance coverage you need depends on several factors, including:

Your Family’s Needs

If you have a family, you will want to consider their financial needs if you were to die unexpectedly. This includes things like paying off debts, covering living expenses, and providing for your children’s education.

Your Income

You may want to consider how much income your family would need to maintain their standard of living if you were no longer around. A good rule of thumb is to have coverage that is equal to at least 10 times your annual income.

Your Assets

You may also want to consider any assets you have that could be used to pay for expenses or provide income for your family. This could include things like investments or retirement accounts.

How to Get a Quote from Ameritas

If you are interested in getting a life insurance quote from Ameritas, you can visit their website or contact a licensed insurance agent. To get a quote, you will need to provide some basic information, including your age, gender, health status, and the type and amount of coverage you are interested in.

FAQs

Is Ameritas a Reliable Insurance Provider?

Yes, Ameritas is a reputable and reliable insurance provider. The company has been in business for over 100 years and has a strong financial rating from A.M. Best Company.

How Much Life Insurance Coverage Should I Get?

The amount of life insurance coverage you need depends on your individual circumstances. You should consider factors like your family’s financial needs, your income, and your assets when determining how much coverage you need.

What Types of Life Insurance Policies Does Ameritas Offer?

Ameritas offers several types of life insurance policies, including term life insurance, whole life insurance, universal life insurance, and indexed universal life insurance.

How Can I Get a Quote for Life Insurance from Ameritas?

You can visit the Ameritas website or contact a licensed insurance agent to get a quote for life insurance coverage. You will need to provide some basic information, including your age, gender, health status, and the type and amount of coverage you are interested in.

Can I Adjust My Life Insurance Coverage with Ameritas?

Yes, if you have a universal life insurance or indexed universal life insurance policy with Ameritas, you can adjust the amount of your premiums and death benefit within certain limits.

Can I Borrow Against the Cash Value of My Life Insurance Policy with Ameritas?

If you have a whole life insurance or universal life insurance policy with Ameritas, you can borrow against the cash value of your policy or use it to pay premiums. However, borrowing against your policy can reduce the death benefit and cash value, so it is important to consider the long-term impact before borrowing.

Conclusion

Ameritas life insurance is a reliable and reputable provider of life insurance policies. Whether you are looking for term life insurance, whole life insurance, universal life insurance, or indexed universal life insurance, Ameritas has a variety of coverage options to meet your needs. If you are interested in getting a life insurance quote from Ameritas, visit their website or contact a licensed insurance agent today.