Strongly not recommended
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Where does American Family do business?
American Family is an insurance carrier based in Madison, WI. The company was founded in 1927 and offers life insurance in 19 states in the USA. Life insurance is important for anyone who has loved who depend on them financially. It can also help with final expenses and burial costs.
What types of life insurance coverage does American Family offer?
Insurance carries typically offer a wide variety of policies. One of the best ways to save money on life insurance is to avoid unnecessary coverage. Only purchase policies and riders you actually need.
Here is a brief description of the coverage American Family offers.
- Term Life Insurance - This is the simplest type of life insurance. It is payable if the insured person dies within a specific period of time, such as 5, 10, or 30 years. American Family offers term lengths ranging from 10 to 30 years.
- Level Term Insurance - These are term policies that have the same fixed premium and payment amount throughout the life of the policy.
- Whole Life Insurance - Whole life insurance policies remain in force for the entire life of the policyholder provided premiums are paid.
As well as the basic coverage types mentioned above, American Family also offers the following policies:
- Final Expenses - Even bare-bones funerals can cost thousands of dollars. This policy, also known as burial insurance, covers funeral and burial costs.
How can you save money on a American Family life insurance policy?
When you ask for a quote with American Family, ask what policy discounts are available.
What is the financial strength rating of American Family?The financial strength rating of a life insurance company scores its ability to pay contracts and policies.
Each agency has its own standards and rating scale and a company's rating can change any day. It's a good idea to check the financial rating of an insurance company before you purchase a policy.
There are five main rating agencies. SuperMoney's financial strength rating is based, among other factors, on the average score from available ratings.
American Family scores an A or excellent, which is SuperMoney's second highest available score.
6000 American Parkway
Madison, WI 53783 USA
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Other Services by American Family
- North Dakota
- South Dakota