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:
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Get a quote online – Answer a few questions to get an instant quote.
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Apply online – Complete the full application electronically to get approved quickly.
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Chat with an agent – Talk to a representative online to get questions answered.
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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:
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Ensure you have proper coverage amounts based on life changes
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Update beneficiary information if needed
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Adjust premiums if applicable
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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.
Top Life Insurance Company in Alabama USA | Best Life Insurance Companies | AL Cheap Life Insurance
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