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specific period of time—typically for the smallest premium. Our
level term product maintains a level premium for the designated
term of the policy (generally 10, 15, 20 or 30 years). Once the
term period ends, you can elect to continue coverage at a new rate.
A cash endowment rider, available with selected Great American
Life term products, provides a cash benefit at the end of the
selected term period (10, 15, 20 or 30 years).
| Great
American Life Insurance Co. Application and Forms |
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Universal
life (UL) policies provide a flexible premium, giving
you
greater control over your policy's account value. These plans are
sometimes referred to as “permanent” insurance. That's because
your coverage remains in force even after 20 or 30 years. There is
also a cash accumulation feature on universal life policies, from
which you can withdraw or borrow money at a low interest rate.
While UL coverage may appear more expensive in the beginning,
it is often more economical in the long run.
| The importance of life insurance. |
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You want the best for your family. You save money and invest when you can. But will these savings and investments provide for your family's needs if you pass away? Will this money allow your loved ones to maintain their current standard of living if you can no longer support them? Life insurance can assist with all of these things. Click for a free quote |
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