Eagle Life Insurance: Your Guide to Coverage and Benefits

Choosing the right life insurance policy can be difficult, especially with so many options available. Eagle Life Insurance is a reputable provider that offers a range of policies to suit different needs and budgets. In this article, we will explore the key features of Eagle Life Insurance and explain why it might be the right choice for you.

What Is Eagle Life Insurance?

Eagle Life Insurance is a subsidiary of American Equity Investment Life Holding Company, which is one of the leading providers of fixed annuities in the United States. Eagle Life Insurance was established in 2008 and has since gained a reputation for providing reliable and affordable life insurance policies.

The company offers a range of policies, including whole life insurance, term life insurance, and universal life insurance. Each policy comes with its own set of benefits and features, so it’s important to understand what each one entails before making a decision.

Whole Life Insurance

Whole life insurance is a type of policy that provides coverage for the duration of your life. It’s a popular choice for those who want to ensure that their loved ones are financially secure after they pass away. Eagle Life Insurance’s whole life insurance policies offer a guaranteed death benefit, cash value accumulation, and level premiums for the duration of the policy.

The cash value accumulation feature is a unique benefit of whole life insurance policies. It allows you to build up a savings account within the policy, which can be used to pay future premiums or withdrawn as needed.

Term Life Insurance

Term life insurance is a policy that provides coverage for a set period of time, usually between 10 and 30 years. It’s a popular choice for those who want to provide financial protection for their loved ones during a specific period of their lives. Eagle Life Insurance’s term life insurance policies offer level premiums for the duration of the policy, a guaranteed death benefit, and the option to convert to a permanent policy.

The conversion option is a valuable feature of Eagle Life Insurance’s term life insurance policies. It allows you to convert your policy to a permanent policy without undergoing a medical examination or providing evidence of insurability.

Universal Life Insurance

Universal life insurance is a policy that provides flexibility in both premiums and death benefits. It’s a popular choice for those who want to have control over their policy’s investments and premiums. Eagle Life Insurance’s universal life insurance policies offer flexible premiums, adjustable death benefits, and cash value accumulation.

The flexibility of Eagle Life Insurance’s universal life insurance policies makes them a good choice for those who want to adjust their coverage or premiums as their life circumstances change.

Why Choose Eagle Life Insurance?

There are several reasons why Eagle Life Insurance might be the right choice for you:

• Reputable Provider – Eagle Life Insurance is a subsidiary of American Equity Investment Life Holding Company, which has a strong reputation for providing reliable and affordable products.
• Range of Policies – Eagle Life Insurance offers a range of policies to suit different needs and budgets.
• Flexible Coverage – The policies offered by Eagle Life Insurance provide flexibility in both premiums and death benefits.
• Unique Features – Eagle Life Insurance’s policies come with unique features such as cash value accumulation and conversion options.

FAQ

What is the cash value accumulation feature of whole life insurance?

The cash value accumulation feature of whole life insurance allows you to build up a savings account within your policy. This savings account can be used to pay future premiums or withdrawn as needed. It’s a valuable feature that provides financial flexibility to policyholders.

What is the conversion option of term life insurance?

The conversion option of term life insurance allows you to convert your policy to a permanent policy without undergoing a medical examination or providing evidence of insurability. This is a valuable feature for those who want to ensure that they have coverage for the duration of their lives.

What is the advantage of flexible premiums in universal life insurance?

The advantage of flexible premiums in universal life insurance is that you can adjust your premiums as your life circumstances change. This provides financial flexibility and can help you to manage your budget more effectively.

In conclusion, Eagle Life Insurance is a reputable provider that offers a range of policies to suit different needs and budgets. The policies come with unique features such as cash value accumulation and conversion options, and the provider has a strong reputation for reliability and affordability. Whether you’re looking for whole life insurance, term life insurance, or universal life insurance, Eagle Life Insurance is worth considering.