American Income Life, AIL Did I Make a Mistake in Buying a Policy, I Also Referred 3 Family Members!! Ripoff Marietta Georgia

Rip-off Report Investigation: American Income Life / National Income Life join Rip-off Report Corporate Advocacy Business Remediation & Customer Satisfaction Program and submit to independent investigation. American Income Life / National Income Life pledges to resolve all legitimate complaints and address any issues from the past, present and in the future. Waco Texas, Nationwide

Dear Been:

Its not going to bad, what about yours?. About your rebuttal, could not been closer to the truth.

Jane, while in total agreement with you that anyone can write anything in here, with out verification of fact. It is the sheer volume of blogs that have to make you wonder if there is some truth to what people are writing.

The story line is alwys the same -
promised the moon and the sky
wound up broke and disillusioned

good leads in the beginning
worthless pieces of paper at some point

good people working hard
not able to overcome the obstacles

Every business has its difficulties but when the picture is not painted quite that way - to people that are hungry for an opportunity - something suffers.

A marriage, a bank account or a credit rating, a persons credibility with others and maybe worse - themselves.

This may be true for some and not for others as I have been there and done that and quite possibly may still be doing it. Hello Frank - hope your Canadian spring is going well.

Working with American Income for 12 years now has allowed me to see a lot of the company. before i go any further i want you to know a few things. I am not a field agent or an MGA. I am the director of human resources here at the 2470 windy hill road location. i will be posting accross the board to fill holes left by "ex-employees" that have nothing better to do then bad mouth a company that they really never understood. If these said people really put any heart into the company they would not be "ex-employees". that being said i want to try and stay on topic here.

the program that you have listed above, you are actually paying most for the whole life. very little of the money goes to the hospital fees. . .you could assume that it is like a bonus that you get those at all. If i were you i would not take the advice of "ex-employees" just think back to the jobs that you left because you didnt feel that you were making enough money. did you not have a bad taste in your mouth? that goes for anyone on here that wants to bad mouth an insurance company. there are strick rules in place by each state that prohibit over charging and under providing. we or any other company would not be allowed in the BBB if this was the case. further more, we work with unions and credit unions. . .talk about an explosive organization. . .if we were to mess up as much as is posted on here, we would loose the unions that we go and see. . .so we must be doing something right!

There really isnt any such thing as a good deal in insurance, what there is however is companies out there that will tell you that there is a good deal in their camp, but in reality they are just taking away added benifits like the hospital plan. do you see what i mean? i promise you that i will not be on here to fight with anyone. . .so dont even try, if you have a valid comment that you can prove, such as our BBB backing feel free. thank you!

If you read all of these reports you can really start to recognize the nonsense! These are all people we know nothing about, and are maybe just having a bad day. How credible are these people? If you want to really find out information on a company, you need to research the real sites. Like AM Best or the New York Stock Exchange. Heck, check out the BBB web site. Don't go off of what some homemade website thinks. Most people come her because they know people will listen to them, and not ask about there credibility. For all you know, these are ex employees who got fired for doing bad things, and now have a grudge. Honestly, research the real sites for yourself, if it isn't a good fit, then now you really know. But for your sake don't go off of what some stranger thinks, again you don't know who these people are, you don't even know me either, but at least I make sense. Good Luck in making you own decisions! :)

Barbara,

It has been a quite a while since I last posted any comments in here, but I thought I would clear a few more things up.

Why do I refer to myself as "A in Stafford?"

Well for those of us who are not tech savvy and for those who don't know any better, anonymity is a beautiful thing. Barb, I have several identifying pieces of information about you. Now lets say that you applied at my company and on your resume it indicated that you were "employed" (whatever you want to call it) by AIL. I could simply look up this website and browse the reports and I could stumble across your posts. This could be good or bad for you, take it how you see it. What I am saying, your online persona will follow you and has incriminated several people publicly already. I refer to the following links:

http://www.careers.wsj.com/jobhunting/usingnet/20060112-flesher.html

http://techdirt.com/articles/20060118/1056224_F.shtml

Also I never meant to imply that the "magical" account did not exist. I know it does. I refer to it this way because you only get the "bucket" money if the policy stays in force for seven (7) months if I am not mistaken. In Spotlight Magazine (yes I still get it), the average retention rate is in the high sixty percentile to the low seventies (65% - 75%) That may be an industry average, but something that new agents should be told upfront, not left to learn down the line.

Was I there long? No. Honestly I was there approximately four (4) months. I realized in that time that I was QUICKLY loosing money. I got my 1099 and do you know what it said? $2000, Need I say more? I had full schedules, was always at an appointment and everyone said I was good. It just wasn't for me, I can admit that.

For the Ratings:

AIL is rated A+, forgive me I was wrong. HOWEVER, that rating has nothing to do with customer service aspects of the business. The AM Best rating only grades the company's ability to fulfill their financial obligations to their clients. I.E. The company's ability to pay claims. I refer to the AM Best rating scheme for life insurance companies:

http://www.ambest.com/ratings/lhbirpreface.pdf

About the union:

All I can say about the Union is that I doubt it really physically exists. I think that the Union exists only on paper and as a way to say..."hey we are union." It is interesting that the 'Agents & Public Relations Union Contract' gives absolutely no contact information for the OPEIU 227 and its representatives. Just seems odd to me.

So that is my spiel.

Sincerely,

A in Stafford, TX

I am only going to say one thing.. You are so proud to work at AIL, but is not also true that:
??

AIL has tons of corrupt people, greedy, liars, etc.... you might not be, but they are your co-workers.

This may be a duplicate- not sure what happened to the last one:

So you two think you are soooo funny. Well Johnny, so you say that's your name, I am not a moron or an imbecile! Just a highly respected individual within AIL! Yes in the beginning when I first came across this site, I was obssessive! I felt that since you people were attacking my company, you were attacking me personally! And no Johnny, I didn't have to "bang my head on the keyboard", I was kidding you idiot!
I don't even know why you two are attacking me personally now. I was having an adult conversation with someone discussing our opinions on the differences between WL and Term and all of a sudden, I'm the bad guy? Whatever. That's an arguement that could go on for years and will keep going as long as life insurance exists. So I gave up. Just like I should have on this website long ago.
I'm sorry if all these accusations you say about AIL are true. I dought that highly! But in Cleveland we have a wonderful SGA that thinks of us as family, top-notch PR, and an awesome area. So all these claims I've never run across. I don't lie, cheat, or steal! I've become successful there by honesty and loyalty alone. Do Roger Smith and Bernard Rapoport know you personally! Dought it! My clients think of me as thoughtful, caring, and not pushy. I care more about them than I do my paycheck. And yes I make an extremely good living there.
But that's no reason to be complete a**holes to me! I did nothing to you or anyone else for that matter. Maybe you should learn some respect for people in general! It might take you farther.
And as for Paul's comment about me not having friends, you are soooo wrong! I've spent maybe 20 minutes on this site from the first time I laid eyes on it! And I wouldn't keep coming back if they didn't email me everytime one of you rebuttaled me. But yet, you have all the time in the world to read ALL my rebuttals! And I'm the one with no friends! HA! But hey you think what you want. If you think you're so cool for going off on a female that you'll probably never even meet. Then so be it. Let me guess, you both are single or divorced. It wouldn't surprise me in the least! You have no respect for women. And you only have the guts to go off on someone on a website. Guarentee you'd not if you were in front of me. So keep Barbie Bashing. Have fun with it if that's what turns you on. God knows you probably aren't getting it anywhere else!
Hey maybe you should visit Cleveland sometime. I think you'd finally agree with me and see things from my point of view. You'd see how lucky I am to have found the best agency in AIL.
On second thought, don't, we only hire courteous caring respectable people. Have a nice life. I can't stand reading all this anymore. It's just stupid!

In response to "Johnny" from Las Vegas commenting about Barbara and her obsessive defense of AIL on this website:

It is apparent that she has virtually nothing else to do aside from calling innocent Union victims during Sunday dinner. Seriously, what a nuisance to society...you should be ashamed of yourself Barbara.

Every ONCE IN AWHILE when I stop in to this website to see what new complaints are being filed against AIL, I see your ignorant and sickening comments shoved in between actual signigicant peoples comments. You must have no friends and I can see why. Who would want to be associated with such an annoying, opinionated imbecile. As Johnny said, you have a severe mental retardation issue which obviously is in need of some serious and immediate attention. Get off your high horse--you have NO right to be up there!

AIL is one of the biggest rip off scams in the history of captive agencies. I've seen no other company with such accusations of incriminating behavior. The whole package is a big trick to unions, union members, and the agents. The home office in Waco, Texas looks like a basement! Someday, (hopefully soon), this company will be shut down and have a large lawsuit slapped on them...what a dream of justice given to such a poorly run joke of a business!!

So QUICK BARBARA!! RUN TO YOUR COMPUTER AND HIT THE CAPS KEY SO EVERYONE CAN READ YOUR EXTREMELY INTELLIGENT REBUTTALS! WE CAN'T WAIT! HURRY NOW! PUT THAT PHONE DOWN AND THAT UNION CARD ASIDE SO YOU CAN DEFEND AIL...YOU ARE THE PERFECT PERFECT PERFECT PERSON TO REPRESENT THEM, BECAUSE YOU ARE JUST AS ANNOYING AND FULL OF SH** AS THEY ARE. GOOD JOB! DONT TRIP OVER THAT PHONE CORD...YOU MIGHT GET HURT! AND WHEN YOU FILE YOUR CLAIM WITH AIL AND THEY DON'T PAY, (AS USUAL), YOU'LL BE BOTH HURT AND LESS A HUNDRED BUCKS!

Congrats to Johnny for hitting the donkey on the nose.

In response to "Johnny" from Las Vegas commenting about Barbara and her obsessive defense of AIL on this website:

It is apparent that she has virtually nothing else to do aside from calling innocent Union victims during Sunday dinner. Seriously, what a nuisance to society...you should be ashamed of yourself Barbara.

Every ONCE IN AWHILE when I stop in to this website to see what new complaints are being filed against AIL, I see your ignorant and sickening comments shoved in between actual signigicant peoples comments. You must have no friends and I can see why. Who would want to be associated with such an annoying, opinionated imbecile. As Johnny said, you have a severe mental retardation issue which obviously is in need of some serious and immediate attention. Get off your high horse--you have NO right to be up there!

AIL is one of the biggest rip off scams in the history of captive agencies. I've seen no other company with such accusations of incriminating behavior. The whole package is a big trick to unions, union members, and the agents. The home office in Waco, Texas looks like a basement! Someday, (hopefully soon), this company will be shut down and have a large lawsuit slapped on them...what a dream of justice given to such a poorly run joke of a business!!

So QUICK BARBARA!! RUN TO YOUR COMPUTER AND HIT THE CAPS KEY SO EVERYONE CAN READ YOUR EXTREMELY INTELLIGENT REBUTTALS! WE CAN'T WAIT! HURRY NOW! PUT THAT PHONE DOWN AND THAT UNION CARD ASIDE SO YOU CAN DEFEND AIL...YOU ARE THE PERFECT PERFECT PERFECT PERSON TO REPRESENT THEM, BECAUSE YOU ARE JUST AS ANNOYING AND FULL OF SH** AS THEY ARE. GOOD JOB! DONT TRIP OVER THAT PHONE CORD...YOU MIGHT GET HURT! AND WHEN YOU FILE YOUR CLAIM WITH AIL AND THEY DON'T PAY, (AS USUAL), YOU'LL BE BOTH HURT AND LESS A HUNDRED BUCKS!

Congrats to Johnny for hitting the donkey on the nose.

In response to "Johnny" from Las Vegas commenting about Barbara and her obsessive defense of AIL on this website:

It is apparent that she has virtually nothing else to do aside from calling innocent Union victims during Sunday dinner. Seriously, what a nuisance to society...you should be ashamed of yourself Barbara.

Every ONCE IN AWHILE when I stop in to this website to see what new complaints are being filed against AIL, I see your ignorant and sickening comments shoved in between actual signigicant peoples comments. You must have no friends and I can see why. Who would want to be associated with such an annoying, opinionated imbecile. As Johnny said, you have a severe mental retardation issue which obviously is in need of some serious and immediate attention. Get off your high horse--you have NO right to be up there!

AIL is one of the biggest rip off scams in the history of captive agencies. I've seen no other company with such accusations of incriminating behavior. The whole package is a big trick to unions, union members, and the agents. The home office in Waco, Texas looks like a basement! Someday, (hopefully soon), this company will be shut down and have a large lawsuit slapped on them...what a dream of justice given to such a poorly run joke of a business!!

So QUICK BARBARA!! RUN TO YOUR COMPUTER AND HIT THE CAPS KEY SO EVERYONE CAN READ YOUR EXTREMELY INTELLIGENT REBUTTALS! WE CAN'T WAIT! HURRY NOW! PUT THAT PHONE DOWN AND THAT UNION CARD ASIDE SO YOU CAN DEFEND AIL...YOU ARE THE PERFECT PERFECT PERFECT PERSON TO REPRESENT THEM, BECAUSE YOU ARE JUST AS ANNOYING AND FULL OF SH** AS THEY ARE. GOOD JOB! DONT TRIP OVER THAT PHONE CORD...YOU MIGHT GET HURT! AND WHEN YOU FILE YOUR CLAIM WITH AIL AND THEY DON'T PAY, (AS USUAL), YOU'LL BE BOTH HURT AND LESS A HUNDRED BUCKS!

Congrats to Johnny for hitting the donkey on the nose.

Your rebuttals are fantastic. You've proven yourself mindless once again. You have yet to make one solid argument or even come across as somewhat intelligent. Please keep them coming.

I rather enjoyed your brainwashed comment. Where do you come up with this material? Burnt, I got burnt.

Did you need help from a colleague to get the caps lock off? Or did you just bang on the keyboard until the letters came out little?

Wow, used car sales, huh? I know you have a super eye for talent. By the way, did you hire the retarded fellow who showed up with a neck tie, or did the constant drooling disqualify himself for the position? Really doesn't matter, cause you'll keep lying to your leads and pretending to be a 'Union Benefits Delivery Person' either way.

What a great company you work for! Keep up the great work!

PS - How much time do you spend on this site trying to defend your company? Shouldn't you be lying to somebody during this time? Is it your motto to 'leave your brain elsewhere' before you do anything? Just seems like the brain would be an asset to bring along on occasion.

Your rebuttals are fantastic. You've proven yourself mindless once again. You have yet to make one solid argument or even come across as somewhat intelligent. Please keep them coming.

I rather enjoyed your brainwashed comment. Where do you come up with this material? Burnt, I got burnt.

Did you need help from a colleague to get the caps lock off? Or did you just bang on the keyboard until the letters came out little?

Wow, used car sales, huh? I know you have a super eye for talent. By the way, did you hire the retarded fellow who showed up with a neck tie, or did the constant drooling disqualify himself for the position? Really doesn't matter, cause you'll keep lying to your leads and pretending to be a 'Union Benefits Delivery Person' either way.

What a great company you work for! Keep up the great work!

PS - How much time do you spend on this site trying to defend your company? Shouldn't you be lying to somebody during this time? Is it your motto to 'leave your brain elsewhere' before you do anything? Just seems like the brain would be an asset to bring along on occasion.

Your rebuttals are fantastic. You've proven yourself mindless once again. You have yet to make one solid argument or even come across as somewhat intelligent. Please keep them coming.

I rather enjoyed your brainwashed comment. Where do you come up with this material? Burnt, I got burnt.

Did you need help from a colleague to get the caps lock off? Or did you just bang on the keyboard until the letters came out little?

Wow, used car sales, huh? I know you have a super eye for talent. By the way, did you hire the retarded fellow who showed up with a neck tie, or did the constant drooling disqualify himself for the position? Really doesn't matter, cause you'll keep lying to your leads and pretending to be a 'Union Benefits Delivery Person' either way.

What a great company you work for! Keep up the great work!

PS - How much time do you spend on this site trying to defend your company? Shouldn't you be lying to somebody during this time? Is it your motto to 'leave your brain elsewhere' before you do anything? Just seems like the brain would be an asset to bring along on occasion.

Oh my bad. Sounds like you're one of those Primerica scumbags. I'm sorry you don't agree with me, but not all of us get brainwashed during training. You have NO right to talk to me that way. Hell you don't even have the balls to put your real name on here. You say I'm retarded, how about you? You can't even talk to a person with any respect. Every other word you say is cussing at me. Whole Life vs. Term is an on-going arguement that will go on for as long as life insurance is around. So grow up. No one else on this particular rebuttal is getting as pissed. I'LL JUST CHALK YOU UP AS A COMPLETE MORON!!!!!!!!!!!!!!!!!!GO SELL USED CARS. I THINK YOU'D BE QUITE GOOD AT IT! YOU ARE THE ONE WHO GIVES ALL OF US AGENTS A BAD NAME!!!!!!!!!!!!! AND SORRY, SOMEHOW MY "CAPS LOCK" GOT STUCK AGAIN!

Barbara,

I can actually say that I've never met a sales rep quite as dumb as you are.

Example 1 :

"YOU SHOULD NEVER, NEVER, NEVER ONLY CARRY TERM! INSURANCE COMPANIES MAKE MORE OFF OF TERM THAN THEY DO WHOLE LIFE. THAT'S WHY THEY PUSH IT."

Now, I understand that you've never worked for a legitimate company, but at least use your f*ing brain. This statement alone solidifies your standing as a 'bottom of the barrel' type of representative. In fact, its people like you who give insurance agents a bad name. Please stop.

Example 2 :

"I'm surprised that you remember all that from 18 yrs ago. You basically said what I said only much more in detail."

Wow. Are you serious? Please read your ALL CAPS rebuttal, again. I get the feeling that your some kind of moron.

Example 3 :

"Plus I'm sure the agent didn't explain her needs properly."

Do you 'explain peoples needs' to them? Of course not, that's why you work for a company that has 5 thousand complaints filed against them.

Its funny, I've seen several AIL reps pose as 'union benefits delivery people' and it disgusts me. You, Barbara, are a disgusting individual and you need to take a good look in the mirror.

Please don't bad mouth the former reps that declare this a scam. It is a scam and you should be ashamed of yourself. Tricking people into doing this job is low class....very low class.

If I ever run into a AIL policy holder, you can rest assured that they will cancel that policy in favor of something that is worth their money.

Another thing, please turn off your g*d d**n CAPS LOCK. What are you, some kind of f*ing retard?

AIL actually has a really good accident policy... but $75 a month is a lot to pay for a hospital policy (which is crap) and a cancer policy (which is also crap).... the accident policy should run you about $4.50 a month, $9.25 a month for the entire family... i might cancel those other 2 policies, but definately keep the accident policy

Dear All:

I believe this Investment V.S. Insurance issue is missing the point.

YES - Term insurance, if you DO NOT DIE before you are 70 you do not get your money back...but did it go down the drain? NO because you were insured all those years.

Now if you think the fact that you will feel ripped off after all those years of high-amount coverage and getting nothing if you did not die, then go Whole Life!

Whole Life will protect you from the begining, the full face amount from the very first day eventhough you have only had the policy for couple of days. If you did not die, your beneficiary will receive the money as if you had put it under a matress all these years (if you started early enough) like a checking account.

I believe the way AIL markets (or marketed) Term + Whole Life is a good balance of both, although it can be a little expensive if you start late.

I calculated that my wife and I will pay approximately $50,000 Canadian dollars in insurance if we keep AIL's policies for life, we have $60,000 in whole life combined, so well, if our kids will see those $60,000 back when we die, plus all these years my wife and I enjoy the coverage forday surgeries, emergencies , the term insurance with an extra rider plus cancer protection and health ...well I see it not as a bad investment.

When we die, ur kids for sure will see back at least what my wife and I put in, plus I enjoyed the insurance protection all these years plus the odd "I cut myself, I hot myself " and here and there we got $200 for that, can't be that bad! right?

Start Young, that is the key... I know in 20 years down the road I will be laughing about the $70 a month my wife and I pay..

Just my two cents.

ONE OTHER THING BEFORE I GO. THIS IS TO "A" FROM STAFFORD TEXAS. THE "MAGICAL ACCOUNT" THAT YOU ARE REFERING TO DOES REALLY EXIST. THE FACT THAT YOU WERE SPEAKING OF A 50% CONTRACT TELLS ME THAT YOU PROBABLY WEREN'T THERE LONG. IF YOU WRITE GOOD BUSINESS, THAT MEANS CUSTOMER SERVICE, DON'T LIE, AND DON'T OVER SELL THEM, THEN YOU DO RECIEVE THAT. I KNOW THIS FROM PERSONAL EXPERIENCE. DON'T GET ME WRONG, I'M NOT SAYING YOU DID ANY OF THESE THINGS. I JUST DON'T THINK YOU WERE THERE LONG ENOUGH TO REEP THE AWARDS.

LOOK I'M NOT GONNA SIT HERE AND ARGUE THIS FOREVER. IT'S A WORTHLESS SUBJECT BECAUSE ITS AN ONGOING BATTLE THAT ONLY COMES DOWN TO PERSONAL OPINION. BUT....

NO, THE COMPANY DOES NOT MAKE MORE ON WHOLE LIFE. NO COMPANY DOES AND YOU PROVED IT BY YOUR RESPONSE "YOU GET MORE COMMISSION WITH WHOLE LIFE." MOST LIKELY A PERSON IS EITHER GOING TO A) CANCEL THE POLICY ON TERM WHEN THE RATES GET TOO HIGH AND THEY CAN'T AFFORD IT. THUS, THE COMPANY GETS TO KEEP EVERY PENNY YOU SPENT, THE INTEREST THEY EARNED ON IT, AND YOU SEE NOTHING. OR B) THEY OUTLIVE THE TERM AND IT EXPIRES ON THEM AND AGAIN- THE COMPANY GETS TO KEEP EVERYTHING AND YOU DON'T SEE A DIME.

I NEVER HAVE AND NEVER WILL SELL WHOLE LIFE AS A SAVINGS ACCOUNT. IF THAT'S WHAT YOU WANT THEN GO TO A FINANCIAL ADVISOR OR INVEST IT YOURSELF. IF THAT'S THE WAY YOU ARE LOOKING AT IT, THEN YOU ARE COMPLETELY WRONG. IT SHOULD ONLY BE MEANT FOR DEATH PERIOD.

SAME WITH TERM. IT'LL BE THERE WHEN YOUR TERM RUNS OUT AND IF/WHEN YOUR INVESTMENTS FOLD, OR YOU COME DOWN WITH A ILLNESS AND CANT WORK ANYMORE, SO YOU CANT INVEST ANYMORE. (YOU SHOULD ALSO HAVE A DISABILITY RIDER) BUT AGAIN IT ALL COMES DOWN TO THE FACT THAT EVERY CASE IS DIFFERENT. AS FOR "A", THE PERSON WHO CALLED OUR WHOLE LIFE CRAP, THAT'S FUNNY THAT YOU MENTION HOW MUCH OF A BETTER DEAL ON WHOLE LIFE THAT YOU CAN GET FROM ANOTHER COMPANY, BECAUSE TRUST ME, I HAVE LOOKED. I DON'T KNOW HOW LONG AGO YOU WORKED FOR US, BUT TRY TO FIND A COMPANY THAT CAN BEAT OUR SELECT LIFE WHOLE LIFE POLICIES. YOU WON'T. I HAVEN'T.

AS FAR AS FINDING A GOOD DEAL ON WHOLE LIFE, ALL INSURANCE COMPANIES ARE ONLY A COUPLE BUCKS OFF FROM EACH OTHER AS LONG AS YOU ARE COMPARING APPLES TO APPLES. BUT WHAT THE OTHERS CAN'T STAND BY IS THE UNION AND WE ARE A+ RATED.

THERE ARE INSURANCE COMPANIES OUT THERE LOBBYING AGAINST UNION JOBS. I SURE THE HELL WOULDN'T WANT TO GIVE THEM MY MONEY.

SO ARGUE AMONGST YOURSELVES ALL YOU WANT ABOUT THE WL VS. TERM THING. IT ALL COMES DOWN TO PERSONAL OPINION, PERSONAL EXPERIENCE, AND THE CLIENT'S NEED. BUT DON'T TALK RATES. THAT POINT ISN'T EVEN VALID.

I'M NOT GONNA SIT HERE AND SAY WE ARE THE CHEAPEST BUT I'M NOT GONNA SAY WE'RE THE MOST EXPENSIVE EITHER. WHAT I WILL SAY IS "BE UNION BUY UNION"

I love to read the Whole Life vs. Term Life argument. The funny thing is that usually the salespeople and consumers are on opposite sides of the battle and on top of that the pay is the same for both types of policies. That being said here's my two cents.

When I was an agent for AIL I sold both term and whole life (the family care plan is a combination of both) and in my opinion they were both crap products. My take on both was 50% of the annual premium the customer paid for either type of insurance. Now since whole life premiums are higher I obviously made more money with those, so there was more incentive to sell a larger whole life policy. I am not sure how every other insurance company works, but I assume that all insurance works in virtually the same way, i.e. the agent get X% of the premium. The catch with AIL vs. others that I looked at was the way that they paid their agents. The agent would get 65% of the 50% up front and then the rest would go into a "bucket" that the agent would get later. The bucket was a magical place that was meant to protect the company from loses paid to the agent for policies that would are canceled before paying enough premiums to cover the agent's commission. So with all that said here's an example.

If I sold:
19,000 Whole @ 25 per month
&
85,000 Term @ 25 per month

Then I sold 600 Annualized Life Premium
25 + 25 = 50 per month * 12 months = 600 ALP

My commission was 50% so 600 * 50 = $300
I actually got paid 65% so 300 * 65% = $195
If I am lucky and the policy stays active for 6 months I get the remaining $105

So there it is. All their dirty little secrets revealed. Is it a rip-off? Maybe. Is it a good deal for the consumer? No. I know for fact that their rates are higher than anyone else's I have looked at and their term rates are the worst I have ever seen. In their defense, however, they do market the products well, which is all that really matters to them in the end.

Whole life is NEVER a good investment. I sold insurance for several years.

BTW...The insurance companies and the agents both make more on WHOLE life than they ever thought of making on term. 10x more per policy.

The scam on whole life is the savings account, but people don't realize that the "savings account" is being funded by the 300%+ overpayment on the life insurance, and if you need to access your "savings account" early, you need to BORROW your own money!

Wow, thats a good deal.

The fact is that a level term policy and a normal savings account even at the worst available rate , would provide more protection and NET return on investment than ANY whole life policy. THe numbers don't lie, only the slick salesman do.

Don't EVER buy whole life.

I do agree with you to an extent. I'm surprised that you remember all that from 18 yrs ago. You basically said what I said only much more in detail. If she is going to stick with it and invest (which most people do not) than she'll be just fine. 90% of the general public lives paycheck to paycheck though and don't invest. Plus I'm sure the agent didn't explain her needs properly. I feel as though you should have a mixture. I know I do. When my kids reach a certain age, I will cancel my term and keep my whole life. I have a lot of whole life only because I want to be prepared should I become disabled and can't invest any longer or if medicare eats up my investments due to illness in my retirement years, at least I'll have enough to take care of final expenses and such. So I guess you can't really put me in any court, whole life or term. I think you should have both. Again, I'd have to really sit down and talk with the individual to see where he/she stands financially. Every case is different. Plain and simple though- don't ever throw all your eggs in one basket. If you aren't disaplined enough to invest, then you really need to make sure you have some whole life to be there when the rest runs out.

I used to sell life insurance some 18 years ago or so, so I know a little about term life. We were always taught that term life (as long as it was a level term) was better than whole life any day IF you took the difference between the two and invested it. At the time the best investment was in IRA's, but today it would most likely be mutual funds.

The concept was while you were young and had children that depended on your income, you would need a lot of life insurance coverage. As you get older and the children leave the house and your IRA's (or mutual funds) grew in value, your need for a large life insurance amount would decrease thus keeping your costs down. In the process, you were setting yourself up for retirement.

Now I know the the "whole life" crowd will tell you that you will accrue a cash value over time and that they pay you interest on what you pay in, but it probably only amounts to 2 or 3 percent. Compare that to the amounts you can get from a good mutual fund. Plus the cost of a whole life policy for the amount of coverage you really need is VERY expensive.

So the general rule is buy term and invest the difference. It does work.

I CANT BELIEVE YOU CANCELED ANY WHOLE LIFE POLICY FOR TERM! I DON'T CARE WHO YOU HAVE THE WHOLE LIFE THROUGH, WHETHER IT BE US OR STATE FARM OR WHOEVER! YOU SHOULD NEVER, NEVER, NEVER ONLY CARRY TERM! INSURANCE COMPANIES MAKE MORE OFF OF TERM THAN THEY DO WHOLE LIFE. THAT'S WHY THEY PUSH IT. REASON BEING IS BECAUSE YOU WILL MOST LIKELY OUTLIVE THE TERM AND THEY'LL NEVER HAVE TO PAY. IF YOU DO OUTLIVE IT, YOU'LL NEVER GET YOUR MONEY BACK! THEY GET TO KEEP YOUR $215 THAT YOU PAID FOR 30 YEARS! AND IF THEY SAY WELL YOU CAN ALWAYS CONVERT IT OR YOU HAVE AN OPTION TO KEEP IT AFTER THE TERM RUNS OUT- YOUR MONTHLY RATE WILL BE AROUND 500-1200 A MONTH OR YOU'LL PAY AN ARM AND A LEG TO CONVERT IT INTO WHOLE LIFE. YES I WORK FOR AIL IN OHIO AND NO MY REBUTTAL HERE ISN'T REALLY TO STICK UP FOR THE COMPANY (WHICH I'VE DONE MANY OF TIMES AND MOST OF THESE PEOPLE COMPLAINING ARE PEOPLE WHO JUST DON'T HAVE THE MOTIVATION OR HEART TO WORK IN THIS BUSINESS) ANYWAY, THAT'S BESIDES THE POINT. I DON'T CARE IF YOU CALL US AND GET ANOTHER POLICY OR CALL ANOTHER COMPANY, BUT PLEASE GET A WHOLE LIFE POLICY FROM SOMEONE. UNLESS YOUR VERY WEALTHY, YOU'LL NEVER INVEST THE MONEY THAT YOU NEED TO IN ORDER TO MAKE THE TERM LIFE WORK THE WAY IT SHOULD FOR YOU. I'M SORRY YOU GOT SUCH BAD ADVICE. I JUST HOPE IT'S NOT TOO LATE FOR YOU TO FIND A WHOLE LIFE POLICY SOMEWHERE. AS YOU'RE LOOKING BE SURE THE COMPANY HAS BEEN IN BUSINESS FOR AWHILE AND BE SURE THAT THEY HAVE AN A.M. BEST RATING OF A OR HIGHER.

I had to cancel eveything, they would not let me keep just the A71. I did however, get a new 30 year level term policy for $17.95 a month or $215 a year with another company for $250,000. American Income told me they could offer me a 30 year level term also and said they would call me back, they never did, I guess he finally realized that he could not beat this price. He did however tried to convince me when I told him that I'm getting a 30 year term and the cost that it was not a level term. I'm now researching a little more for a whole life, I would definitely like to have both.

Here's my two cents. What you bought was actually a compilation of different policies, any of which can be cancelled at any time. Here's what is sounds like you have.

Burial Benefit - Whole Life insurance - This is by far the most expensive portion of your coverage and THE ONLY PORTION THAT GAINS CASH VALUE. Your policy will state what you are paying annualy and monthly for this it is probably somewhere around 45-50 a month, right?

Not sure if you had the income protection, probably not since you are single and they don't market it to single people (at least i didn't) This is 10 YEAR TERM LIFE INSURANCE. The rates will go up every ten years as long as you keep it. The term is overpriced and junk. If you have this, cancel it.

Hospital Supplement - A71. In my opinion, this is the only product I like from AIL. Here's how it works. Keep in mind that for a single person under 45 (I think) this is about 100 per year.
A71 Includes
-Accidental Death and Dismemberment
-20,000 Accidental Death
-40,000 Accidental Auto Death
-100,000 Accidental Common Carrier Death
(it also pays out for dismemberment as stated in your policy)
-$100 for every trip to the doctor, emergency room, or immediate care facility FOR TREATMENT OF ACCIDENTAL INJURY. you can use this as many itmes as you can during the year.
-$200 per day for up to 365 days if you are admitted to the hospital over night for treatment of an accidental injury
-$400 per day for up to 14 days if you are admitted to the hospital for injury treatment (if you are in icu for longer than 14 days it reverts to 200 for the remaining balance of 365 days)
All that is A71

The cancer policy is a complicated policy that pays a lifetime benefit for certain types of cancer.

I think that is everything they sold you. In my honest opinion I would trash everthing except the A71. Be warned that when you call to do this they will tell you that it cant be done ect. Tell them that it can and that is what you want or you will report them to the state insurance board. You can buy much cheaper whole life from other companies, but I think the A71 is a good deal.

Anywhos thats my two cents, just be informed.

Here's my two cents. What you bought was actually a compilation of different policies, any of which can be cancelled at any time. Here's what is sounds like you have.

Burial Benefit - Whole Life insurance - This is by far the most expensive portion of your coverage and THE ONLY PORTION THAT GAINS CASH VALUE. Your policy will state what you are paying annualy and monthly for this it is probably somewhere around 45-50 a month, right?

Not sure if you had the income protection, probably not since you are single and they don't market it to single people (at least i didn't) This is 10 YEAR TERM LIFE INSURANCE. The rates will go up every ten years as long as you keep it. The term is overpriced and junk. If you have this, cancel it.

Hospital Supplement - A71. In my opinion, this is the only product I like from AIL. Here's how it works. Keep in mind that for a single person under 45 (I think) this is about 100 per year.
A71 Includes
-Accidental Death and Dismemberment
-20,000 Accidental Death
-40,000 Accidental Auto Death
-100,000 Accidental Common Carrier Death
(it also pays out for dismemberment as stated in your policy)
-$100 for every trip to the doctor, emergency room, or immediate care facility FOR TREATMENT OF ACCIDENTAL INJURY. you can use this as many itmes as you can during the year.
-$200 per day for up to 365 days if you are admitted to the hospital over night for treatment of an accidental injury
-$400 per day for up to 14 days if you are admitted to the hospital for injury treatment (if you are in icu for longer than 14 days it reverts to 200 for the remaining balance of 365 days)
All that is A71

The cancer policy is a complicated policy that pays a lifetime benefit for certain types of cancer.

I think that is everything they sold you. In my honest opinion I would trash everthing except the A71. Be warned that when you call to do this they will tell you that it cant be done ect. Tell them that it can and that is what you want or you will report them to the state insurance board. You can buy much cheaper whole life from other companies, but I think the A71 is a good deal.

Anywhos thats my two cents, just be informed.

Here's my two cents. What you bought was actually a compilation of different policies, any of which can be cancelled at any time. Here's what is sounds like you have.

Burial Benefit - Whole Life insurance - This is by far the most expensive portion of your coverage and THE ONLY PORTION THAT GAINS CASH VALUE. Your policy will state what you are paying annualy and monthly for this it is probably somewhere around 45-50 a month, right?

Not sure if you had the income protection, probably not since you are single and they don't market it to single people (at least i didn't) This is 10 YEAR TERM LIFE INSURANCE. The rates will go up every ten years as long as you keep it. The term is overpriced and junk. If you have this, cancel it.

Hospital Supplement - A71. In my opinion, this is the only product I like from AIL. Here's how it works. Keep in mind that for a single person under 45 (I think) this is about 100 per year.
A71 Includes
-Accidental Death and Dismemberment
-20,000 Accidental Death
-40,000 Accidental Auto Death
-100,000 Accidental Common Carrier Death
(it also pays out for dismemberment as stated in your policy)
-$100 for every trip to the doctor, emergency room, or immediate care facility FOR TREATMENT OF ACCIDENTAL INJURY. you can use this as many itmes as you can during the year.
-$200 per day for up to 365 days if you are admitted to the hospital over night for treatment of an accidental injury
-$400 per day for up to 14 days if you are admitted to the hospital for injury treatment (if you are in icu for longer than 14 days it reverts to 200 for the remaining balance of 365 days)
All that is A71

The cancer policy is a complicated policy that pays a lifetime benefit for certain types of cancer.

I think that is everything they sold you. In my honest opinion I would trash everthing except the A71. Be warned that when you call to do this they will tell you that it cant be done ect. Tell them that it can and that is what you want or you will report them to the state insurance board. You can buy much cheaper whole life from other companies, but I think the A71 is a good deal.

Anywhos thats my two cents, just be informed.

I have medical insurance. In fact I have a PPO with Blue Cross & Blue Shield from work. AIL sold me the policy as a supplemental insurance. In fact the sales pitch was, we do realize that your medical bills would be paid by your medical insurance but what happens to your other bills when you're in the hospital? I was told that the money would be sent directly to me. They made me feel like I was buying more then life insurance. In since I'm single, I felt it's a good policy to have. Now I don't know if I made the right decision.

If you think about it, those coverages are nothing. An average surgery and hospital stay will run up to 50K or more, so that $150 is nothing! Average doctor visit is $175-$250. Compare that to what you are paying them, and they are CLEANING UP! You'd be better off saving that money than wasting it on this insurance policy...you would be better off finding a job with benefits.