Q:

What benefits does American Income Life Insurance provide?

A:

Quick Answer

American income life insurance provides life insurance benefits, supplemental insurance and no-cost benefits to policy holders, states American Income Life. The company provides supplemental benefits to working families, thus offering valuable protection in the event of an accident or critical illness.

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Full Answer

Life insurance provides benefits to a policy holder's beneficiaries in case he passes away suddenly. Customers can choose between whole life insurance and term life insurance polices, reports American Income Life. The policy holder may also have a terminal illness rider in addition to the whole life insurance. The terminal illness rider pays 50 percent of his coverage if he is diagnosed with a terminal illness with a life expectancy of less than 12 months, or 24 months in the states of Washington, Illinois or Massachusetts.

Supplemental insurance can cover accident protection, hospital indemnity, cancer protection and critical illness, reports American Income Life. The accident protection coverage provides cash benefits to the family in case the policy holder is involved in an accident. Hospital indemnity helps the client and his family to pay hospital expenses in the event of an accident or illness.

Cancer protection coverage helps policyholders and their families bear the financial strain following a cancer diagnosis, according to American Income Life. The critical illness coverage helps patients to pay out-of-pocket expenses related to critical illnesses, such as stroke.

American Income Life also offers no-cost benefits to clients, according to American Income Life. Parents can get a guide that helps them instruct their children on how to surf the Internet safely. Clients can also receive a no-cost child safety kit that provides vital information to the police in case a child goes missing.

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