Is American Income Life insurance legitimate?
The Verdict – Our American Income Review
American Income does offer legitimate life insurance policies. They are very financially strong and can be trusted to pay their claims. However, there are many aspects of their business that are concerning.
Is American Income Life insurance a pyramid scheme?
The short answer is yes. American Income Life is a completely legitimate insurance company that operates to the letter of the law. AIL is not a pyramid scheme, scam, or anything like that. Also, the American Income Life organizational hierarchy in its sales organization is no different than any other insurance agency.
How do I cancel American Income Life?
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.
What Happened to All American Life Insurance Company?
MetLife, Inc. (NYSE: MET) announced today a definitive agreement to acquire one of American International Group, Inc.'s (AIG) international subsidiaries, American Life Insurance Company (ALICO), for approximately $15.5 billion.