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Life Insurance Products
Things
to consider......
Why
Do I Need It?
What
Kind of Life Insurance?
Life
Insurance - A Vital Tool
Benefit
Riders
How
much Life Insurance is right for you?
How
much coverage should you own personally, not counting group
term coverage? With so many people frequently changing jobs
these days, many are learning that owning and controlling their
own life insurance policy has many important advantages. In
addition they are often surprised to learn that they have been
significantly underinsured.
Traditionally,
individuals tend to buy life insurance in round numbers —
such as $100,000, $250,000 or $500,000 — or using the general
rule of purchasing 8-10 times their household income. Few actually
try to determine the correct amount to purchase. While doing so
is a relatively simple process, it can be uncomfortable for some
because it involves thinking about death. Given the importance
of this issue to survivors, the best solution is to move beyond
that discomfort and plan accordingly.
Determining
What You’ll Need
Consider
family needs within the first few months of your death. Funeral
expenses, administrative costs and other immediate expenses can
be shocking. In addition, clearing up unpaid bills or revolving
debt like credit cards or consumer loans is often necessary.
Determine
how much will be required to pay off any remaining mortgage balance
on your primary residence.
Providing
an education fund for your children is also critical. There are
many schools of thought regarding this, but you must consider
how much money you would like to see allocated for your children’s
education in case of your death.
The
final issue is often the largest — income replacement. While
it is a personal choice, you must consider whether the beneficiary
will live off the principal paid by the policy or the income it
generates through investments. It is also important to consider
the length of time this money will cover. Most families decide
that this should last at least until your children are out of
college.
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Representing
American
National Insurance Company,
Galveston, TX
American National Property and Casualty Company,
(ANPAC®) Springfield, MO
All
products, coverages, and options are not available in all states,
and eligibility requirements will apply. Products and services referenced
in this Web site are provided through multiple companies. Each company
has financial responsibility only for its own products and services,
and is not responsible for the products and services provided by
the other companies.
Life insurance
and fixed annuity products are issued through American
National Insurance Company, Galveston, Texas.
* Personal lines and commercial products and services are made available through American National Multiple Line Exclusive Agents and may be underwritten by American National Property And Casualty Company (ANPAC=®), Springfield, Missouri or one of its subsidiaries or affiliates: American National General Insurance Company; Pacific Property And Casualty Company (California residents); ANPAC Louisiana Insurance Company (Louisiana residents); American National Lloyds Insurance Company and American National County Mutual Insurance Company (Texas residents).
Disability
Income products and services are issued by Illinois Mutual Life Insurance Company, Peoria, Illinois (Texas Residents).
Tax issues
that may be discussed are subject to change and this is for your
information only. Discussion of such issues does not constitute
tax or legal advice. Please consult your tax advisor, attorney
or CPA for guidance on all tax matters.
These
brief descriptions of coverages available are for illustrative
purposes only, and are not intended as a statement of contract.
For actual terms and conditions of coverage provided, refer to
your insurance policy, or, for more information about coverage
options and availability, talk to your American National agent
and eligibility guidelines apply. American National Family of
Companies reserves the right to discontinue programs at any time.
This
site may have links to other sites, which are not maintained by
American National Insurance Company, it's subsidiaries or affiliates.
Such links do not imply endorsement or approval of these sites
or the content therein by American National, its subsidiaries
or affiliates.
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Copyright 2008, All rights reserved.
PitchfordInsurance.com.
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Farm and Ranch
By and large, farming is a family endeavor, rich in tradition.
But the way you operate your business can change considerably
from one generation to the next. Special Farm Package 10®
(SFP 10®) combines personal, farm, business, and
property and liability coverage all under one policy, to simplify
your insurance protection. *See disclaimer below
Equine
If you own, board, breed, train, race or sell horses, ANPAC®
provides a full range of coverages, including policies tailored
to the specific needs of horse enthusiasts. *See disclaimer below
CHROME®
You've finally found it! The perfect car.... the specialty car
you've dreamed of for so many years. And now at last, here's the
perfect way to insure your dream car. *See disclaimer below
TLC Tri-Line Coverage Discount From ANPACSM
Choose American National for your auto, home, and life insurance
needs, and you can receive up to 25% on home and 20% on auto premiums
for those that are qualified. *See disclaimer below
Safe Harbor Program
From ANPAC®
Your peace of mind is our goal with Safe Harbor
Program From ANPAC® . We offer
protection for your boat, motor, boat trailer, plus portable and
permanent watercraft equipment. *See disclaimer below
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