If you're considering whole life insurance, or a cancer plan, you may want to look into American Income Life, a subsidiary of Globe Life. However, you should know that the company doesn't pay dividends or offer any type of dividends. This article will explain why this is important to know before investing. You can also check out the company's BBB ratings to see whether there have been any complaints filed against it.
American Income Life is a subsidiary of Globe Life
American Income was founded in 1951 in Waco, Texas. It is a subsidiary of Globe Life, a publicly traded financial services holding company specializing in supplemental health insurance for middle-income Americans. The company has more than 20,000 groups under its umbrella. These groups include labor unions, credit unions, professional associations, licensed insurance professionals, nonprofit organizations, and more. The company licenses National Income Life in New York as its New York-based subsidiary.
Unlike some other companies, American Income is not an online-quoteable insurance product. It is sold through independent agents, with no online options available. Although American Income Life offers life insurance in the U.S., Canada, and New Zealand, the company does not provide quotes online. This company sells whole life insurance and supplemental coverage plans. If your union or company offers AIL coverage, it is worth investigating.
Unlike some other companies, American Income is not an online-quoteable insurance product. It is sold through independent agents, with no online options available. Although American Income Life offers life insurance in the U.S., Canada, and New Zealand, the company does not provide quotes online. This company sells whole life insurance and supplemental coverage plans. If your union or company offers AIL coverage, it is worth investigating.
It offers whole life insurance
If you're searching for a life insurance plan that meets your needs and fits your budget, consider American Income Life. This company was founded in 1951 and currently insures over 2 million people, generating around $130 million in annual sales. American Income Life is a subsidiary of Globe Life Inc., a publicly traded company on the NYSE with a market cap of $8.46 billion. The company maintains solid financial ratings and a good reputation with consumers, but the company's recent ratings may cause you to worry.
The company is legitimate, and it pays out claims as promised. However, its multi-level marketing structure is not a good fit for most consumers. Although it offers a variety of legitimate policies, it lacks the expertise and reliable customer service of a larger insurance company. Additionally, the products offered by American Income do not offer as much customization as similar products from other companies. Most consumers would be better served by purchasing a life insurance plan from a more reputable company.
The company is legitimate, and it pays out claims as promised. However, its multi-level marketing structure is not a good fit for most consumers. Although it offers a variety of legitimate policies, it lacks the expertise and reliable customer service of a larger insurance company. Additionally, the products offered by American Income do not offer as much customization as similar products from other companies. Most consumers would be better served by purchasing a life insurance plan from a more reputable company.
It offers cancer plans
For New York residents, the Globe Life Insurance Company provides a lump sum cancer plan. These policies are meant to supplement major medical insurance and basic hospital coverage. When a cancer diagnosis is made, the policy pays a cash benefit of up to $50,000 for a covered disease. The money is available for treatment, travel expenses to and from treatment facilities, and lost income while you're undergoing treatment. The cancer policy is available with and without preexisting conditions, so you can choose a plan that best suits your needs.
If you or a family member has been diagnosed with cancer, the American Income Life cancer insurance plan pays a lump sum benefit if the condition proves to be terminal. This benefit makes it possible for people with cancer to focus on recovery instead of the stress of paying high medical bills. Fortunately, medical advancements have increased survival rates. Unfortunately, surviving cancer can still be financially stressful for patients and their families. To help offset this burden, the American Income Life cancer plan offers a No-Cost Child Safe Kit, which is endorsed by the International Union of Police Associations. This kit documents a child's fingerprints and includes a photograph or description.
If you or a family member has been diagnosed with cancer, the American Income Life cancer insurance plan pays a lump sum benefit if the condition proves to be terminal. This benefit makes it possible for people with cancer to focus on recovery instead of the stress of paying high medical bills. Fortunately, medical advancements have increased survival rates. Unfortunately, surviving cancer can still be financially stressful for patients and their families. To help offset this burden, the American Income Life cancer plan offers a No-Cost Child Safe Kit, which is endorsed by the International Union of Police Associations. This kit documents a child's fingerprints and includes a photograph or description.
It does not offer dividends
The company is a wholly owned subsidiary of Globe Life Inc., a S&P 500 company that markets life and supplemental health insurance. Though the company does not offer dividends, investors may still want to consider investing in its stock, given its history of providing supplemental insurance to labor unions and credit unions. In addition to American Income, Globe also has subsidiaries in Canada, New Zealand, and the United States.
Although American Income Life does not offer dividends on whole life policies, it does have a great selection of term life and universal life policies. The company also offers guaranteed whole life policies, although these do not pay dividends. They offer a 4.5% guaranteed rate, which may sound appealing but isn't as beneficial as the guaranteed rate. Many other companies will give you both a guaranteed rate and a dividend.
Although American Income Life does not offer dividends on whole life policies, it does have a great selection of term life and universal life policies. The company also offers guaranteed whole life policies, although these do not pay dividends. They offer a 4.5% guaranteed rate, which may sound appealing but isn't as beneficial as the guaranteed rate. Many other companies will give you both a guaranteed rate and a dividend.
It has a Comdex score of 86
When it comes to choosing an annuity, COMDEX is a great way to compare insurers. The COMDEX rating is an average of the scores from the four leading rating services. A high Comdex score means a company has a good financial standing and should be a safe bet. However, there are a few things to keep in mind before deciding on an annuity.
The AM Best financial strength rating measures an insurance company's overall stability, based on perceived financial strength. This means that the insurance carrier is likely to pay policy claims, regardless of economic conditions. A Comdex score of 86 reflects a good company's financial strength, and American Income Life's financial strength is shown in its Comdex score of 86. However, the company has also been rated highly by other third-party organizations.
The AM Best financial strength rating measures an insurance company's overall stability, based on perceived financial strength. This means that the insurance carrier is likely to pay policy claims, regardless of economic conditions. A Comdex score of 86 reflects a good company's financial strength, and American Income Life's financial strength is shown in its Comdex score of 86. However, the company has also been rated highly by other third-party organizations.
It doesn't offer online quotes or pricing charts
The company does not offer an online quote tool, so you'll have to visit an agent to get a quote. The company specializes in life insurance and offers coverage for all stages of life, regardless of age. While the company does not offer pricing charts or quotes online, it does offer a wide variety of supplemental coverage options. If your company or union offers AIL coverage, it's worth looking into.
American Income Life is a wholly owned subsidiary of Globe, an S&P 500 company. It specializes in selling supplemental health insurance plans and life insurance to middle-class families. Unfortunately, it doesn't have an online quote tool. Instead, the company's agents can sell you a policy over the phone or in-person, but you can't view the pricing charts or quotes online.
American Income Life is a wholly owned subsidiary of Globe, an S&P 500 company. It specializes in selling supplemental health insurance plans and life insurance to middle-class families. Unfortunately, it doesn't have an online quote tool. Instead, the company's agents can sell you a policy over the phone or in-person, but you can't view the pricing charts or quotes online.
