This company uses brokers to sell their products who are paid on commission. Is American Income Life a Scam? American Income Life Insurance? Although American Income’s multi-level marketing sales strategies are questionable, they do offer legitimate life insurance policies. If you do decide to purchase a life insurance policy from them, you can count on their coverage regardless of the current economic climate. Close. American Income Life is A Legit Opportunity To Make Money From Selling Insurance American Income Life is an international insurance company that was founded in 1951. Learn more about interviews at American Income Life Answered March 14, 2017 - Insurance Conservation Specialist (Former Employee) - Waco, TX Yes, you can get commission from reselling insurance or getting a customer to make a payment on their insurance. The only insurance company that people go out of their way to write complaints abouts. The owners of the company had operated under the name American Income as early as 1951. American Income gets very poor reviews for customer service. At the top of the pyramid is the insurance company. American Income Life Insurance is a wholly owned subsidiary of Globe Life Inc. (NYSE: GL), an S&P 500 Company. Depending on the chosen program, you can partially or completely protect yourself from unforeseen expenses. American Income Life Insurance company is one of the largest providers of supplemental coverage. Now share it across your social networks to increase it's visibility! However, American Income’s policy is different from other insurance providers in that they are non-participating and don’t offer dividends. Former Employee - Insurance Agent in Edina, MN. You have rightly stated that although not a scam, they are using deceptive practices to cover up what really is the deal with the company. American Income Life is a Better Business Bureau accredited company, since 1952, and currently has an A+ rating. Here’s what you need to know before you sign up for American Income Life Insurance. American Income Life Insurance is sold differently than many other companies, as they use a multi-level marketing structure. Is American Income Life insurance legitimate? American Income Life operates in almost every U.S. state, District of Columbia, Canada and New Zealand. American Income also offers a set of what they call supplemental health insurance. Unfortunately they do seem to leave many unhappy consumers and insurance agents in their wake. This means that they may be biased when providing you with information about their policies or the company in general. When choosing a life insurance provider, you’ll want to make sure that they are someone you and your family can trust during a difficult time. Most consumers would be better off purchasing life insurance from another company. A life insurance provider you may have heard of is American Income Life Insurance. These policies provide coverage for a set period of time, usually 10, 15, 20, 25 or 30 years. President, Newbury Inc., Evansville, Indiana. It seems like a place where some people can make money. This group showed multiple examples of giving back to the community. Your simple answer is YES, they are Legit. American Income Life Insurance offers many legitimate policy types, but there are also some downsides to be aware of before you make a purchase. The American Income Life Insurance Company was founded in 1951. You will be lied to constantly here from the time you walk into the door to the day you eventually quit. They do guarantee a rate of 4.5% growth on the policy value, but your policy will not earn dividends the same way that other whole life insurance policies would. Customers report that it is very difficult to get in touch with agents or customer service representatives as needed. They also offer a terminal illness rider, which means that you will be able to access your death benefit to pay for medical care if you get sick. Agents often join as a way to make a bit of extra income, instead of pursuing insurance sales as a full-time job. And that structure is based off of a typical MLM hierarchy. Yes. Cons. The company's executive offices have been located in Waco, Texas, since 1959. American Income also offers term life insurance. It’s important to note that American Income uses multi-level marketing tactics to sell insurance and recruit new agents. This means that they may not be able to give you the expert guidance that an independent, full-time insurance agent would be able to provide. American Income Life Insurance Company is an international company protecting working families in the United States, Canada, New Zealand, and through our wholly-owned subsidiary, National Income Life Insurance Company in New York. 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