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Key Takeaways:
American Income Life is a company that operates internationally, providing protection to working families in the United States, Canada, New Zealand and New York, and through its subsidiary, National Income Life Insurance Company.
Since 1951, American Income Life has served working-class families by offering life, accident and supplemental health products. Their goal is to help protect members of labor unions, credit unions, associations and their families.1
American Income Life Insurance has similar policies to its competitors, but they tend to cost more.2
Their prices don't appear in the Canadian online life insurance quote aggregator Winquote and you can't get a quote online, so unfortunately more specific pricing data is not available at this time.
"I have had a policy with American Income for several years. The sales process was easy, two people met with me over zoom to explain their options as well as what I have through work. It was an easy and quick experience. Really appreciate it, I just updated and upgrade my coverage with them." - Customer review on Better Business Bureau US
" With in 2 weeks of phone tag all the cash value was gone! That's what happens when you try to reduce a policy. Don't waste your hard earned money or time with this company!" - Customer review on Better Business Bureau US
The American Income Life accidental death insurance plan offers benefits for accidental death, dismemberment, hospital confinement, and intensive care treatment resulting from an accident.
This insurance plan provides you with the freedom to utilize the benefits as you see fit.
You can cover out-of-pocket expenses related to your accident, explore alternative treatments not covered by your medical insurance, supplement lost income during your inability to work, handle daily or monthly household expenses etc.
The American Income Life critical illness policy provides a one-time lump sum payment when an insured person is diagnosed with a covered critical illness.
This policy covers the first diagnosis of critical illnesses such as heart attack, stroke, end-stage renal failure, major organ transplant (heart, lung, liver, kidney, pancreas, or bone marrow), and total loss of eyesight and/or hearing.
American Income Life offers two types of products related to cancer: one that provides specific coverage for cancer treatment and another that offers a lump sum benefit upon a cancer diagnosis.
Cancer patients frequently discover that their primary health insurance doesn't cover all expenses, such as hospital deductibles, coinsurance, copays, or out-of-town lodging for specialized treatment centres. Thankfully, American Income Life's supplemental cancer plans can help alleviate the financial burden.
American Income Life Insurance shouldn't be your first choice for life insurance in Canada. There isn't much to differentiate them from other insurers, though they do reportedly offer a free terminal illness rider and legacy will kit.
American Income Life Insurance offers a range of customizable policies, including life insurance, accidental death and dismemberment (AD&D) insurance, and supplemental health insurance.
There is, unfortunately, no information available online as to the coverage amounts American Income Life Insurance offers.
To apply for American Income Life Insurance in Canada, you need to find a local agent on their website. You can search by province and see the location of local agents on a map with their contact details. The agent will lead you through the process of applying for American Income life insurance.
Yes, American Income Life Insurance offers additional riders, including a terminal illness rider and a legacy will kit at no additional cost for some policies. They also provide flexible payment plans to help customers manage their premiums easily.
American Income Life Insurance is a subsidiary of Globe Life Inc., a publicly traded holding company that specializes in providing life and supplemental health insurance. The headquarters of Globe Life Inc. is located in McKinney, Texas.
Sources:
1 https://www.ailife.com/about
2 https://www.policyarchitects.com/american-income-life-insurance-company/
Want to learn more about other life insurance options? Here are more reviews of Canadian life insurance companies:
