Is AIL trustworthy?

American Income Life is 100% legitimate. AIL is a financially solid 'A' rated company that sells life insurance products. Unfortunately, they do seem to leave many unhappy consumers and insurance agents in their wake. But that's not unusual when it comes to life insurance companies in general.

What happened to American life insurance company?

American Life Insurance Company was acquired by MetLife

MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company (MLIC), better known as MetLife, and its affiliates. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, with 90 million customers in over 60 countries. › wiki › MetLife

for $15.5M on Nov 1, 2010 .

Is AIG life insurance reliable?

AIG insurance is not one of the best-rated life insurance companies with regard to its customer service and client reviews. The company received just a 2 out of 5 rating from J.D. Power for customer satisfaction and has a disproportionately high NAIC Complaint Index as compared to its size.

What happened to American life insurance?

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.

Who took over American life insurance?

NEW YORK, November 01, 2010. MetLife, Inc

MetLife, Inc
MetLife, Inc. is a leading global provider of insurance, annuities and employee benefit programs. Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia, Europe, the Middle East and Africa. › about-us › corporate-profile


Is AIG still around?

In the United States, AIG is the largest underwriter of commercial and industrial insurance. AIG offers property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services.

Who bought the American Life Insurance Company of New York?

American Life Insurance of New York was acquired by Inviva on Mar 22, 2001 .

Can AIG be trusted?

AM Best gives AIG an A (Excellent) financial strength rating, which means the carrier can meet its claims obligations. AIG sells life insurance products in all states and offers some of the lowest term life rates in our rating.

What is the most reputable life insurance company?

  • State Farm.
  • Nationwide.
  • Banner Life.
  • Mutual of Omaha.
  • Prudential.
  • MassMutual.
  • Transamerica.
  • Guardian Life.
3 Nov 2022

How long does AIG take to pay out?

However, we undertake to ensure that a claim decision will be made no later than 4 months of receiving your claim.

Which life insurance company has the highest customer satisfaction?

  • Best Overall: Nationwide.
  • Runner-Up, Best Overall : MassMutual.
  • Best User Experience: Haven Life.
  • Best for Term Life Insurance: Protective.
  • Tied for Cheapest Term: Banner.
  • Best for Living Benefits: Mutual of Omaha.
  • Most Universal Life Options: Lincoln Financial.

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