American Income Life Insurance Review & Ratings (2024)
Secure your loved ones' financial future with comprehensive and trustworthy American Income Life Insurance coverage. Explore personalized policy options designed to meet your specific needs and provide peace of mind. Compare quotes from top insurance providers now and make an informed decision to safeguard your family's well-being for years to come.
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Zach Fagiano
Licensed Insurance Broker
Zach Fagiano has been in the insurance industry for over 10 years, specializing in property and casualty and risk management consulting. He started out specializing in small businesses and moved up to large commercial real estate risks. During that time, he acquired property & casualty, life & health, and surplus lines brokers licenses. He’s now the Senior Vice President overseeing globa...
Licensed Insurance Broker
UPDATED: Dec 21, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Dec 21, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- American Income Life is a long-standing life insurance company that operates as a subsidiary of Globe Life
- American Income’s financial strength and customer service ratings are strong
- The user experience for policyholders and beneficiaries could be better
When it comes to protecting your family’s financial future, American Income Life Insurance has you covered. With over 70 years of experience in the industry, this reputable company offers a range of life insurance policies tailored to meet your specific needs. In this informative article, we will explore the key features of American Income Life Insurance, including its solid financial standing, policy options, and customer satisfaction.
Don’t miss out on the opportunity to secure your loved ones’ well-being. Enter your zip code now and compare rates from the best insurance providers in your area. Take the first step towards a brighter future with American Income Life Insurance.
Is American Income Life Insurance legitimate?
American Income Life was founded in 1951. The company has provided life insurance services for more than 70 years. The company has grown consistently since it was founded.
The company says it has more than two million policyholders and $130 million in annual insurance sales.
American Income does have one subsidiary, National Income Life Insurance Company (NILICO) which operates in New York. To date, American Income Life is licensed in 49 states, Canada, and New Zealand.
American Income Life Insurance Company is a subsidiary of Globe Life Incorporated. The company and its members support many charitable causes.
Does American Income Life Insurance Company have good ratings?
Before you invest in an American Income life insurance policy, you’ll want to know the company is financially stable and that the company’s customer service is trustworthy.
Check out the company’s ratings on some of the following sites:
- A.M. Best: A (Globe Life)
- Fitch: A+
- Moody’s: Baa1 (Globe Life)
- Better Business Bureau (BBB): A+
- NAIC Complaint Index: 1.61
The American Income life insurance reviews are positive overall. Globe Life and its subsidiaries continue to be in good financial standing despite being downgraded from A+ to A by A.M. Best in 2020.
A.M. Best, Fitch, and Moody’s all agree that Globe Life, and ultimately American Income Life, are reliable financially.
Based on the company’s rating with the Better Business Bureau, complaints filed with the company are resolved promptly in most cases.
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Based on the ratings above, it appears that American Income is a safe company to purchase a life insurance policy from.
What policies are available with American Income Life Insurance Company?
American Income Life offers several standard life insurance policies. American Income specializes in term and whole life insurance.
As an added benefit, American Income Life insurance policies feature a complimentary Terminal Illness Rider that allows policyholders to accelerate up to 50% of the death benefit if they are diagnosed with a terminal illness.
Most life insurance riders that offer accelerated death benefits do so with an additional cost. A life insurance agent can typically give you a better idea of how much each of those riders would cost.
With American Income, you can also purchase children’s life insurance through the company’s Head Start policy option for children up to age 17. The policy starts with $25,000 in coverage but can be increased to $150,000 in time.
More About American Income Life Insurance Company
American Income Life insurance could be a reasonable option for life insurance. As always, you’ll want to be sure you compare rates and policy details among different life insurance companies.
Before you commit to buying any life insurance policy, you’ll want to make sure the user experience is suitable for yourself as the policyholder and for your beneficiaries during the claims process.
If you want to make changes to your American Income Life insurance policy, it’s best to call the company’s toll-free customer service number and speak with an agent.
If you want to cancel your American Income life insurance policy, note that cash value accumulates only with a whole life policy.
If you end up in a situation where you are unable to pay your monthly premiums, American Income Life offers some non-forfeiture options. These options depend on your policy type since your accrued cash value can sometimes be used to pay your premiums.
As for the claims process, your beneficiaries will have to mail claim forms to company’s claims department in Waco, Texas. More information about the claims process is available on the company website.
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A Closer Look at American Income Life Insurance’s Claim Procedures
Ease of Filing a Claim (online, over the phone, mobile apps)
American Income Life Insurance offers multiple channels for filing claims, ensuring flexibility and convenience for policyholders. You can file a claim through their user-friendly online portal, over the phone by contacting their dedicated customer service team, or even through their mobile app.
This accessibility makes it easier for policyholders to initiate the claims process in a way that suits their preferences and needs.
Average Claim Processing Time
Policyholders often wonder about the efficiency of the claims process when choosing an insurance provider. American Income Life Insurance strives to process claims promptly, with an average processing time that meets industry standards.
While specific processing times may vary depending on the complexity of the claim, the company aims to provide a seamless experience for its customers during their time of need.
Customer Feedback on Claim Resolutions and Payouts
Customer feedback is a valuable indicator of an insurance company’s commitment to delivering on their promises. American Income Life Insurance has received positive reviews regarding its claim resolutions and payouts.
Many policyholders have reported satisfaction with the company’s handling of claims, emphasizing the company’s reliability when it matters most. These testimonials offer reassurance to potential customers considering American Income Life Insurance as their provider.
Harnessing Technology: American Income Life Insurance’s Digital Advancements
Mobile App Features and Functionality
American Income Life Insurance boasts a feature-rich mobile app designed to enhance policyholders’ digital experience. The app allows users to access their policy information, make premium payments, and even initiate claims right from their mobile devices.
With user-friendly navigation and robust functionality, the mobile app empowers policyholders to manage their insurance needs conveniently on the go.
Online Account Management Capabilities
Managing insurance policies has never been easier thanks to American Income Life Insurance’s comprehensive online account management capabilities. Policyholders can log in to their accounts through the company’s website, where they can review policy details, update personal information, and track premium payments.
The user-friendly interface ensures a seamless online experience, making it simple to stay informed and in control of your insurance coverage.
Digital Tools and Resources
In addition to their mobile app and online account management, American Income Life Insurance provides policyholders with a wealth of digital tools and resources. These resources include educational materials, calculators, and informative articles to help policyholders make informed decisions about their insurance needs.
Whether you’re looking to understand policy options better or calculate coverage requirements, these digital tools can be invaluable resources in your insurance journey.
American Income Life Insurance Company: The Bottom Line
American Income life insurance could be a reasonable option if you’re searching for a new life insurance policy. The company has strong ratings and reviews alongside standard policy options.
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Frequently Asked Questions
How does American Income Life Insurance compare to other insurance companies?
American Income Life Insurance has an A+ rating from A.M. Best, which indicates that it has a strong financial rating and is able to meet its financial obligations to policyholders. However, it’s always a good idea to compare insurance policies and rates from multiple providers to find the best coverage for your needs.
What is universal life insurance?
Universal life insurance is a type of life insurance policy that provides coverage for the entire life of the insured person, as long as premiums are paid. The policy also includes a savings component, which builds cash value over time. Universal life insurance offers more flexibility than whole life insurance in terms of premium payments and death benefit options.
What is whole life insurance?
Whole life insurance is a type of life insurance policy that provides coverage for the entire life of the insured person, as long as premiums are paid. The policy also includes a savings component, which builds cash value over time.
What is term life insurance?
Term life insurance is a type of life insurance policy that provides coverage for a specific period of time. If the insured person dies during the term of the policy, the death benefit is paid out to the beneficiary. If the policyholder survives the term of the policy, coverage ends.
What types of life insurance policies does American Income Life Insurance offer?
American Income Life Insurance offers term life insurance, whole life insurance, and universal life insurance policies.
What is American Income Life Insurance?
American Income Life Insurance is a life insurance company that was founded in 1951. The company offers a range of life insurance policies to individuals and families.
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
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Zach Fagiano
Licensed Insurance Broker
Zach Fagiano has been in the insurance industry for over 10 years, specializing in property and casualty and risk management consulting. He started out specializing in small businesses and moved up to large commercial real estate risks. During that time, he acquired property & casualty, life & health, and surplus lines brokers licenses. He’s now the Senior Vice President overseeing globa...
Licensed Insurance Broker
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.