AMLA Life Insurance:
Membership in the AMLA is simultaneous with the purchase of a certificate of life insurance.
Below is a list of several plans that are offered through AMLA.
» Single Premium Whole Life
» 3-Payment Whole Life
» 20-Payment Whole Life
» Ordinary Whole Life
» 20-Year Adult Convertible Term
» Single Premium Juvenile Term (to age 30)
The AMLA offers different premium payment modes to accommodate your needs. These payment modes are annual payments, but quarterly and monthly payment options are also available. An AMLA Licensed Agent can help you figure out the best plan for you. Contact the Home Office at 216-531-1900 (Monday through Friday, 8:30 AM to 5:00PM EST) or e-mail: Member@AmericanMutual.org.
AMLA Annuity Program for Members
As an additional AMLA Fraternal Benefit, Flexible Premium Deferred Annuity Contracts are available to Members. Annuity contracts are designed generally for long-term, retirement planning. The advantage of the AMLA Annuity is that all income tax on interest credited is deferred until funds are withdrawn. This is a great way to defer income until retirement, when your income tax bracket may be lower. The AMLA guarantees the annual interest rate credited on its Flexible Premium Deferred Annuity Contract. The AMLA Annuity Contract does not require underwriting--there are no health qualifications, nor are there any service or management fees. 100% of monies deposited are credited with interest.
Contact the Home Office at 216-531-1900 for further information on our annuity program and the various options we have available.