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American Income Life Whole Life Insurance Review: A Good Choice?
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American Income Life Insurance Company sounds like a company that would provide high-quality whole life insurance coverage to a large audience.
While ALI does have several products to choose from, many continually come up short when compared to the competition. Here are some crucial details and statistics associated with the company:
- American Income Life Insurance Company, founded in 1951 based in Waco, Texas.
- American Income Life Insurance is a wholly-owned subsidiary of Globe Life Inc. (NYSE: GL), an S&P 500 Company (source AIL)
- The company is licensed in 49 states, the District of Columbia, and Canada.
- American Income Life, along with their New York subsidiary National Income Life, has combined assets of more than $4.2 billion with more than $59 billion of life insurance in force in 2017 (as of 3/18).
The Good
Strong Financial Rankings
Solid Customer Base
Wide Product List
The Not So Good
Non-Participating Whole Life Insurance
Bait And Switch Tactics
Bad Customer Service
There are many reputable companies who are selling high-quality policies while providing the best possible customer service. With so many choices, you should never settle when buying a whole life insurance policy.