American Benefit Life Insurance Company: Customer Ratings & Reviews [2024]

Explore the comprehensive coverage options offered by American Benefit Life Insurance Company as we delve into its product range, customer ratings, and insightful reviews to guide you in making informed and confident decisions for securing your future.

UPDATED: Feb 27, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Feb 27, 2024Fact Checked

Sara Routhier

Sr. Director of Content

Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

Sr. Director of Content

Eric Stauffer

Licensed Insurance Agent

Eric Stauffer is an insurance agent and banker-turned-consumer advocate. His priority is educating individuals and families about the different types of insurance coverage. He is passionate about helping consumers find the best coverage for their budgets and personal needs. Eric is the CEO of C Street Media, a full-service marketing firm and the co-founder of ProperCents.com, a financial educat...

Licensed Insurance Agent

UPDATED: Feb 27, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

UPDATED: Feb 27, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Feb 27, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Feb 27, 2024Fact Checked
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American Benefit Life Insurance Company

Average monthly rate for healthy individuals:

$0

A.M. Best rating:

A- (Excellent)

Complaint level:

Low

Pros

  • Affordable and customizable coverage options
  • Flexible premium payments
  • Riders and add-ons for additional protection and coverage
  • Excellent customer service

Cons

  • Limited availability in some states
  • Rates may be higher for policyholders with pre-existing medical conditions or high-risk lifestyles

Final Verdict: Review of American Benefit Life Insurance Company

American Benefit Life Insurance Company is a subsidiary of Liberty Bankers Life Insurance Company, a Texas-based insurance company that provides a range of life insurance and annuity products to customers in 49 states in the US.

The company was established in 1963 and has grown to become a leading provider of life insurance products to individuals and families. American Benefit Life Insurance Company offers a range of life insurance products, including term life insurance, whole life insurance, and final expense insurance.

The company’s products are designed to meet the diverse needs of its customers and offer flexible coverage options, competitive pricing, and exceptional customer service.

If you're looking for reliable and affordable life insurance coverage, you've come to the right place. With over 50 years of experience in the insurance industry, American Benefit Life Insurance Company has established itself as a trusted provider of life insurance products and services. In this guide, we'll give you an overview of the company's history, mission, and the different types of insurance products and services they offer. We'll also cover the cost of those services, the states where they are offered, and the different types of discounts available to customers. So, whether you're a first-time policyholder or looking to switch providers, keep reading to learn everything you need to know about American Benefit Life Insurance Company.

American Benefit Life Insurance Company Insurance Coverage Options

American Benefit Life Insurance Company offers a variety of coverage options to meet the diverse needs of its customers. These coverage options include:

  • Term life insurance: This is the most affordable type of life insurance offered by American Benefit Life Insurance Company, and it provides coverage for a specific period of time, typically 10-30 years.
  • Whole life insurance: This type of life insurance offers permanent coverage and builds cash value over time. It’s more expensive than term life insurance but offers lifelong protection.
  • Universal life insurance: This type of life insurance offers flexible premiums and death benefits, as well as a cash value component that grows over time.
  • Final expense insurance: This type of insurance provides coverage for funeral expenses and other end-of-life costs.
  • Accidental death insurance: This type of insurance provides coverage in the event of accidental death, such as a car accident or workplace accident.

Each of these coverage options is designed to meet different needs and budgets, so it’s important to consider your financial situation and the needs of your loved ones when choosing a policy. American Benefit Life Insurance Company offers customizable coverage options to ensure that each policyholder gets the right coverage for their unique situation.

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American Benefit Life Insurance Company Insurance Rates Breakdown

Driver ProfileAmerican Benefit LifeNational Average
Clean Record$120$119
1+ Ticket$170$147
1+ Accident$220$173
DUI$270$209
Poor Credit$206$205

*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver


American Benefit Life Insurance Company Discounts Available

DiscountAmerican Benefit
Anti Theft13%
Good Student9%
Low Mileage17%
Paperless4%
Safe Driver20%
Senior Driver3%

American Benefit Life Insurance Company offers various discounts to its customers to help them save money on their life insurance premiums. These discounts include:

  • Multi-policy discount: If you have more than one policy with American Benefit Life Insurance Company, you may qualify for a discount on your premiums.
  • Non-smoker discount: If you are a non-smoker, you may be eligible for a discount on your life insurance premiums.
  • Healthy lifestyle discount: If you live a healthy lifestyle, such as maintaining a healthy weight, exercising regularly, and eating a balanced diet, you may be eligible for a discount on your premiums.
  • Safe driving discount: If you have a good driving record, you may be eligible for a discount on your life insurance premiums.

These discounts can help policyholders save money on their life insurance premiums, making it more affordable to protect their loved ones in the event of an unexpected tragedy. It’s important to note that the availability and amount of discounts may vary by state and policy type, so it’s best to check with the company directly or with an insurance agent to see which discounts you may be eligible for.

How American Benefit Life Insurance Company Ranks Among Providers

American Benefit Life Insurance Company stands as a notable provider in the life insurance market, offering diverse coverage options and competitive rates. However, prospective policyholders often benefit from exploring alternatives to ensure they find the best fit for their unique needs. Here are some key competitors that individuals may consider when navigating the life insurance landscape:

  • Liberty Bankers Life Insurance Company: As the parent company of American Benefit Life Insurance, Liberty Bankers offers a range of life insurance and annuity products, providing an alternative for those seeking a similar corporate background.
  • Prudential Financial: A well-established player in the insurance industry, Prudential offers a comprehensive suite of life insurance products, including term life, whole life, and universal life policies.
  • Metlife: Known for its financial stability and global presence, Metlife provides a diverse range of life insurance solutions, along with other financial services, appealing to those looking for a one-stop shop.
  • New York Life Insurance Company: With a reputation for financial strength and a focus on policyholder dividends, New York Life is a mutual company offering a variety of life insurance options and investment products.
  • Northwestern Mutual: Renowned for its financial planning services, Northwestern Mutual provides life insurance products and emphasizes a holistic approach to financial security.

While American Benefit Life Insurance Company presents compelling options, exploring the offerings from these competitors ensures that individuals can make well-informed decisions tailored to their specific requirements.

Read more:

Frequently Asked Questions

How long has American Benefit Life Insurance Company been in operation?

American Benefit Life Insurance Company was established in 1963 and has since grown to become a leading provider of life insurance products, offering reliable coverage to individuals and families for nearly six decades.

What types of life insurance does American Benefit Life Insurance Company offer?

American Benefit Life Insurance Company provides a range of life insurance products, including term life insurance, whole life insurance, and final expense insurance, catering to diverse needs with flexible coverage options, competitive pricing, and exceptional customer service.

Can I customize my life insurance coverage with American Benefit Life Insurance Company?

Yes, American Benefit Life Insurance Company offers customizable coverage options, allowing policyholders to tailor their insurance plans to specific needs and preferences, ensuring a personalized approach to protection.

What discounts are available to policyholders with American Benefit Life Insurance Company?

American Benefit Life Insurance Company offers various discounts to help policyholders save on premiums. These discounts may include multi-policy discounts, good health discounts, and other savings opportunities. Availability and amounts may vary by state and policy type.

How does American Benefit Life Insurance Company compare to other life insurance providers?

American Benefit Life Insurance Company competes with other well-known providers, such as Liberty Bankers Life Insurance Company and others. It’s advisable to compare policies, rates, and reputations across multiple companies to make an informed decision on your life insurance provider.

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Sara Routhier

Sr. Director of Content

Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

Sr. Director of Content

Eric Stauffer

Licensed Insurance Agent

Eric Stauffer is an insurance agent and banker-turned-consumer advocate. His priority is educating individuals and families about the different types of insurance coverage. He is passionate about helping consumers find the best coverage for their budgets and personal needs. Eric is the CEO of C Street Media, a full-service marketing firm and the co-founder of ProperCents.com, a financial educat...

Licensed Insurance Agent

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

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Compare Insurance Providers Rates to Save Up to 75%

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