Life of Alabama: Your Local Choice for Quality Life Insurance Since 1952

Finding the right life insurance to protect your family is a big decision. You want a financially sound and reputable company that truly cares about policyholders. For residents of Alabama and the Southeast, Life of Alabama is a top choice.

In this comprehensive guide, we’ll explore why Life of Alabama stands out for life, health and annuity products since 1952.

Overview of Life of Alabama

Life of Alabama provides:

  • Life insurance
  • Supplemental health insurance
  • Annuities

It is based in Gadsden, AL and licensed in 10 states across the Southeast U.S.

As a policyholder-owned company, profits go towards paying claims rather than shareholders. Their core focus is serving customers.

With an A- rating from A.M. Best, Life of Alabama has strong financials to deliver on promises to policyholders.

Reasons to Choose Life of Alabama

Here are key advantages that make Life of Alabama a great option for insurance:

Local and Family-Owned

Founded by Herschel Haley in 1952 in Gadsden, AL, Life of Alabama has remained family-owned and operated for over 70 years. This local connection means policyholders are more than just account numbers.

Not-for-Profit Company

As a mutual company, Life of Alabama operates to benefit policyholders rather than private shareholders through profits.

Free Policy Reviews

Agents will schedule annual reviews to ensure your policy still meets your needs as they change over time.

Dividends for Eligible Policies

Certain qualifying policies can earn dividends to reduce premium costs.

Customer Service

Knowledgeable staff provide personalized service and are easily accessible by phone, email or online chat.

Community Support

Life of Alabama gives back by sponsoring local events, charities, schools and more.

Over $38 Million in Benefits Paid Annually

With a strong track record of paying out claims, Life of Alabama gives you peace of mind your family will receive promised benefits.

Some key facts:

  • Over $38 million in claims paid annually
  • Hundreds of millions in total claims paid since 1952
  • 97% of claims submitted are paid
  • Claims typically paid within 15 days of receipt

You can trust Life of Alabama will be there when your beneficiaries need them.

Life Insurance Options

Life of Alabama offers a variety of life insurance policies.

Term life provides affordable pure death benefit protection for 10 to 30 years.

Whole life builds cash value and covers you for your entire life once premiums are paid.

Additional options include:

  • Universal life
  • Variable life
  • Accidental death
  • Child term riders

You can choose the right type and customize coverage for your specific needs and budget.

Health Insurance Choices

Supplemental health insurance helps pay for costs not covered by major medical insurance.

Life of Alabama offers:

  • Cancer insurance
  • Accident insurance
  • Hospital indemnity insurance
  • Critical illness insurance
  • Dental insurance

These plans provide cash benefits you can use for medical bills, living expenses and more.

Having this supplemental protection brings added peace of mind.

Annuities for Retirement

Annuities are an option to create guaranteed lifetime retirement income beyond pension or Social Security.

Life of Alabama’s fixed annuities offer:

  • Fixed rates of return
  • Principal protection from market volatility
  • Income streams through annuitization
  • Beneficiary payouts

Enjoy predictability and stability for retirement with their fixed annuity products.

Apply Online for Fast Processing

Life of Alabama makes it simple to get coverage.

You can:

  • Get a quote online – Answer a few questions to get an instant quote.

  • Apply online – Complete the full application electronically to get approved quickly.

  • Chat with an agent – Talk to a representative online to get questions answered.

  • Pay online – Setup fast and secure recurring payments through the policyholder portal.

Completing the application process online simplifies the paperwork and speeds up processing.

Manage Your Policy Online

Through the Life of Alabama policyholder portal, you can conveniently:

  • Pay bills
  • View statements and policy documents
  • Change payment method or frequency
  • Submit forms and requests
  • Check claim status
  • Update contact details
  • Request changes to policies

Accessing your account online makes managing your policy a breeze.

Free Annual Policy Reviews

Schedule a free annual policy review with your agent. They will:

  • Ensure you have proper coverage amounts based on life changes

  • Update beneficiary information if needed

  • Adjust premiums if applicable

  • Answer any policy questions

Keeping policies up to date over time is important. Take advantage of this included value-added service.

The Bottom Line

When searching for life, health and annuity insurance, it pays to choose a company that puts customers first. For over 70 years, Life of Alabama has provided quality products and service locals can trust.

Their not-for-profit, family-owned, locally focused business model means your needs come before profits. Contact a Life of Alabama agent today to discuss your insurance situation and get covered by a company committed to protecting Alabama families since 1952.

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How does a life insurance policy work?

Life insurance works by allowing your beneficiaries to claim a financial payout (often equal to your coverage amount) after your death. If you pass away while the policy is active, your beneficiaries can file a claim for their portion of the payout, also called a death benefit.

How does life insurance make money?

Life insurance companies make money by charging you premiums and investing some of the money they collect. They can also profit from policies lapsing or expiring.

Who is the number 1 life insurance company in the US?

Northwestern Mutual Life Insurance As the largest life insurer by market share in the U.S., Northwestern Mutual is an established choice with a proven record. And, it offers a number of types of policies across the country.

What are the Big 4 mutual insurance companies?

According to a 2021 NAIC report, Northwestern Mutual, New York Life, Metropolitan, and Prudential are the four largest life insurance companies in the United States, all together holding 31.09% of the market. Some insurance companies offer riders, which are benefits added to policies, allowing for customization.

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