What happened to American life insurance company?

What happened to American life insurance company?

The American Life Assurance Corporation and its wholly owned subsidiary, First National Life Insurance Company, were domiciled in Alabama. When First National was placed in receivership in the fall of 1996 and then placed into liquidation a year later, American Life Assurance subsequently became insolvent.

Is American life insurance a good company?

American Income Life Insurance is backed by Globe Life, a strong financial company with an A (Excellent) rating from AM Best. Good financial stability and a high rating from AM Best give customers confidence that their policy benefits will be paid out when they make a claim.

How long does it take American Income Life to pay a claim?

Typically, you will receive your check within 10 – 15 business days from the time your claim was processed.

What is the phone number to AIG?

(800) 225-5244American International Group / Customer service

Who took over American life insurance?

MetLife, Inc.
On November 1, 2010, MetLife, Inc. completed its purchase of American Life Insurance Company (Alico).

What kind of insurance is ail?

American Income Life (AIL) Term Life Insurance Term life insurance provides coverage for a limited period of time. After that period, policy holders typically pay increased premiums to continue coverage. Term life insurance is usually less expensive than whole life.

Is AIL good?

The carrier has several decades worth of experience in the insurance industry, along with high ratings by AM Best and the BBB. Coverage is offered in 49 states, as well as in Canada and New Zealand. However, AIL has very outdated customer service contact options, and does not provide 24/7 or online claims reporting.

How do I cancel ail?

Term life coverage can be canceled by calling and speaking with an agent or customer service representative. Alternatively, you can just stop making premium payments on your policy and it will be canceled for non-payment automatically. To cancel a permanent life insurance policy, you’ll also need to contact your agent.

Is US life the same as AIG?

United States Life Insurance Company of New York is part of American International Group (AIG), a multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. US Life is the company responsible for issuing polices to individuals residing in the state of New York.