American Family Insurance Review 2020

AmFam sells its different types of life insurance policies under the company name, American Family Life Insurance Company. They offer standard products like term life insurance and whole life insurance, but it also has some unique products:

This is a life insurance policy that works for every age, but is often purchased by younger policy buyers. The biggest benefit of SimplyProtected is that you can get covered within two weeks. This policy does not require a medical exam—a good thing for anyone with pre-existing medical conditions. Both SimplyProtected and Term Life offer the following terms lengths: 10, 20 and 30 year. Coverage is available from $50,000 to $150,000.
SimplyProtected life insurance is available to new and existing homeowners, condo and renters insurance customers of American Family Mutual Insurance Company.

American Family Life Insurance Company also offers level term life insurance.

The policy includes a conversion option, letting your convert your policy to permanent life insurance.

You can also choose the following life insurance riders for additional protection.

• Children’s Insurance Rider: child term life insurance rider that provides $10,000 of coverage for each child for one set price.
• Waiver of Premium Benefit Rider: The waiver of premium rider kicks in if you become totally disabled, waiving your premium payments.
• Accidental Death Benefit Rider: If you die from a qualifying accident, the accidental death benefit rider will pay an additional death benefit, up to $100,000.

This is a life insurance policy that understands that things change, including your need for life insurance. There are two options available: Freedom and Legacy.

Freedom allows the policy to be paid up by age 65 or after 20 years, whichever is later.

Legacy is designed to maximize cash value and protection over the life of the policy holder.

American Family Whole Life Insurance offers 10 year, 20 year and 30 year paid up policies, as well as Whole Life insurance to age 100.

Whole life insurance includes the following benefits:

• guaranteed premiums (i.e. fixed)
• guaranteed death benefit
• guaranteed cash value growth
• with the added benefit of potential dividend payments

Dividends can be used for:

• purchasing additional paid up insurance
• paying down a life insurance policy loan
• making premium payments
• cashed out

When you purchase a life insurance policy from American Family Life Insurance, you really can’t go wrong. No matter who you are, there’s a policy that will be good for you, and work in your favor. Most American Family Life Insurance policyholders are happy and content in the policy they’ve purchased, and overall, they’ve had a good experience. Many people have a hassle-free experience when it comes time to make a claim and cash in a policy.

Well, it’s hard to say anything negative about a company that seems to have such a good reputation. With so many satisfied customers, how can we even begin to say anything negative about American Family Life Insurance? The truth is, we can’t. It’s a great life insurance company.

The only thing we can say is that when you purchase a life insurance policy, it’s important to remember that your situation is unique—and it should be treated as such. Also, there’s a difference between something being good for you and something being great for you. We’re almost positive that American Family Life Insurance is a good choice, but we can’t know if it is a great choice. Well, not until we know something more about you. You see, for a life insurance company to be the best choice, it needs to be the best choice for you.

To know if a life insurance company is the best for you, you need to know what all the others are willing to offer you. You can only learn so much from the internet—you need personalized advice. This is because all the factors in your life (career, health, lifestyle choices), will all impact the kind of coverage a life insurance company offers and at what rate. On top of that, each life insurance company will handle these variables in a different manner.

Whether American Family Life Insurance seems like the right fit for you or not, it never hurts to shop around. Get quotes from several insurers with one form using our quote tool.