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Temporary Protection
Learn
Knowledge Center
Blog
Join us
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Knowledge Center
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FAQs
Amplify life insurance FAQ
Trusted life insurance knowledge base
Cash accumulation
9 articles
How does tax efficient cash accumulation work in a life insurance vehicle?
When can I start taking out cash from my policy?
If I take out cash from my policy, will my life insurance coverage go down?
How do I take out money from my life insurance policy?
How much can I take out from my life insurance policy?
Can I choose policies based on my risk tolerance?
Can I change my cash accumulation strategy after getting the policy?
Do I have to pay taxes when I take out money in the future?
Does purchasing life insurance affect my income tax bracket?
Change, transfer, or cancel policies
6 articles
Can I change my coverage amount after getting the policy?
Where do I go for policy changes?
What happens if I cancel my policy? Do I lose all my money?
Can I transfer my old life insurance policy to a new life insurance policy with Amplify?
How do I transfer my old life insurance policy to a new one?
When is a good idea to transfer a life insurance policy to a new one?
Healthcare riders
8 articles
What illnesses qualify me to take money out of my life insurance policy?
When can I access my life insurance coverage if I have a serious illness?
How much can I access if I had a serious illness?
If I take out money early for long term care or critical illness, will my life insurance coverage decrease?
What is long term care and why do I need it?
What is critical illness and why do I need it?
What is terminal illness?
Do I have to pay taxes when taking out money for long term care, chronic illness, or terminal illness?
Life insurance costs and fees
9 articles
What are the fees associated with my life insurance policy?
Is there a penalty if I take out investment value early?
Do I have to pay taxes on my death benefit?
How long do I have to pay my premiums for?
Can I just pay one lump sum premium and not have to pay anymore?
What is the benefit of paying more premiums earlier on?
Does my insurance premiums change over time?
What happens if I can’t pay my insurance premium? Do I lose my policy and money inside?
Can I change my premiums after getting the policy?
Life insurance safety and risks
4 articles
What if the life insurance company goes bankrupt? What happens to my policy?
What regulations protect policyholders?
What body of government regulates life insurance?
How do life insurance companies make money?
Types of life insurance
8 articles
What is the difference between term and permanent life insurance?
Can I have both term and permanent life insurance?
What is permanent life insurance?
What are the benefits and drawbacks of permanent life insurance?
Who is permanent life insurance suitable for?
Who is permanent life insurance NOT suitable for?
Is whole life insurance the same as permanent life insurance?
What are the different types of permanent life insurance?
Underwriting and approval process
6 articles
What is the process for buying a life insurance policy through Amplify?
How long does it take to buy a policy?
Do I have to get a medical exam?
Do I need to go to my own doctor for the medical exam?
What does the medical exam entail?
Why might some not qualify for a policy?
Policy payout and benefits
1 article
How can I access my policy information?
Life insurance coverage
11 articles
Why do I need life insurance outside of work?
Can I buy life insurance for someone else?
Can my spouse and I get one policy?
Should I have multiple life insurance policies?
What if I have a life insurance policy from another country?
Can I have a beneficiary who lives in another country?
How can I access my policy information?
What does my family need to do to claim my policy after I die?
If something were to happen to me today, when and how does my coverage get paid out?
When will my life insurance not pay out?
Can I access my policy if I’m in another country?