If there is one thing you should know about whole life insurance, it’s this: many reputable companies are selling high-quality policies while providing the best possible customer service. It’s good that American Income Life Insurance Company has strong financial ratings, but this doesn’t do anything for the company regarding its online reviews. These kits seem like a fantastic idea:ĭon’t take our word for it read more directly from the Better Business Bureau: Click Here to read more Unfortunately, there have been many instances of clients complaining about a bait and switch on the sale of Child Safety Kits. This one pitfall alone is reason enough to shy away from American Income Life Insurance Company’s whole life policies instead of choosing a participating company. Your cash value grows faster, and your death benefit can grow as well.Īs a comparison, please take a look at our historical dividend article: Historical Whole Life Dividend Rates. With this dividend, it’s easier to see that your policy will grow much faster with each passing year. Here’s why this is a big deal: many other companies offer both a guaranteed rate and a dividend. However, it’s important to note that there is no dividend on top of this.

When shopping for whole life insurance, it’s best to avoid non-participating companies.Īmerican Income Life’s whole life has a 4.5% guaranteed rate, which is enough to attract many consumers. The Not So Good Non-Participating Whole Life Insurance These products offer an excellent array for their customer base.įor example, its term life policies are very popular. Wide Product ListĪmerican Income Life Insurance Company sells more than just whole life insurance. We proudly proclaim our status as a 100% union label Company.”Īs you can see they have a decent size costumer base. “AIL’s efforts are focused on creating more union jobs.

When you consider it’s $59 billion of life insurance in force, you have a company with a solid customer base. There is no denying that American Income Life Insurance Company is smaller than some of the whole life insurance industry leaders.Įven so, the company has grown to more than two million policyholders throughout the United States and Canada. You can confidently purchase a policy from the company, knowing that it’s likely to be around in the future. While some companies fall short in this area, American Income Life Insurance Company has remained relatively strong over the years.

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