American Family Life Insurance Company (Wisconsin), Contacts, Coverage, Claims and Benefits

American Family Life Insurance Company holds a strong reputation in the life insurance industry. A.M.

Best, a top credit rating agency for insurance firms, rates them as A+ (Superior). This means they have excellent financial strength.

American Family Life Insurance Company (Wisconsin)

American Family Life Insurance Company, based in Madison, Wisconsin, is a subsidiary of American Family Mutual Insurance Company.

The latter offers a range of insurance products, including auto, home, life, business, and farm and ranch insurance.

American Family Life Insurance Company provides various life insurance options, like term life, whole life, and universal life insurance.

Additionally, they offer extra coverage options, such as disability income and child riders.

This company has a solid financial rating and is highly regarded in the life insurance industry. A.M. Best, a top credit rating agency, rates them as A+ (Superior).

Contacts and Working Hours

• Phone: 1-800-MYAMFAM (1-800-692-6326)
• Mail: 6000 American Parkway, Madison, WI 53783

Working hours

• Monday-Friday: 8:00am-8:00pm CST
• Saturday: 8:00am-6:00pm CST
• Sunday: Closed.

 

American Family Life Insurance Company (Wisconsin): Services and Products

1. Term life insurance: It provides coverage for a set period, like 10, 20, or 30 years. If the policyholder passes away during this time, the beneficiary gets a death benefit. It’s affordable and suits those needing coverage for a specific period, like until kids are grown or the mortgage is paid off.
2. Whole life insurance: It offers lifelong coverage and accumulates cash value over time. You can borrow from it or withdraw money without taxes. While pricier than term life insurance, it’s ideal for those wanting permanent coverage and a tax-advantaged savings option.
3. Universal life insurance: This flexible permanent life insurance allows you to adjust premiums and coverage. It also builds cash value, tax-free. Though more expensive than term life, it offers flexibility.

 

They also provide additional options, called riders:

• Disability income riders: These provide monthly payments if you become disabled and can’t work.
• Child riders: Extra coverage for your children.
• Waiver of premium riders: They waive your premiums if you become disabled.

Services

1. Life insurance planning: Their agents help you choose the right policy for your needs and budget.
2. Claims service: A team of claims specialists assists you in filing and processing life insurance claims.
3. Customer service: A team of customer service representatives answers your questions about your policy or claims.

Financial Details

American Family Life Insurance Company (Wisconsin) operates as a subsidiary of American Family Mutual Insurance Company, a significant mutual insurance provider with a strong financial rating.

AFLIC itself holds an A+ (Superior) rating from A.M. Best, a prominent credit rating agency for insurance firms.

As of December 31, 2021, the Wisconsin Office of the Commissioner of Insurance reported the following financial figures for American Family Life Insurance Company (Wisconsin):

• Total admitted assets: $27,274,038,099
• Liabilities: $17,896,098,333
• Capital and surplus: $9,377,939,766
• Net income: $347,807,850

American Family Life Insurance Company (Wisconsin): Filing Claims, Cancellations and Renewals

Claims

To initiate a claim, call the claims department at 1-800-MYAMFAM (1-800-692-6326).

You’ll be asked for the policyholder’s name, date of birth, and policy number.

Additionally, you’ll need to provide details about the death, including the date, time, and cause of death.

The company will assess your claim and provide a decision promptly.

If your claim gets approval, you’ll receive the death benefit. If it’s denied, you have the option to appeal the decision.

American Family Life Insurance Company: Cancellations

You have the freedom to cancel your Insurance policy whenever you choose.

To do so, simply get in touch with your agent or call the customer service department at 1-800-MYAMFAM (1-800-692-6326).

It’s important to note that there’s no cancellation fee associated with AFLIC (Wisconsin). However, you may be responsible for any unearned premiums.

Renewals