Amplify life insurance FAQ

Trusted life insurance knowledge base

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?

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?

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?

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?