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American Family Life Insurance
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By Insure.com
Last updated June 16, 2009 |
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About American Family
Insurance Company
American Family Insurance Company's history can be traced back to
1927. It was then that Herman Witter, an insurance salesmen,
founded Farmers Mutual Insurance Company. The company's original
intent was to provide auto insurance and the main target was
farmers. From then, the company has expanded its market and
product line to best meet its customers changing needs. In 1963,
Farmers Mutual Insurance Company became American Family Mutual
Insurance Company to reflect the expanding customer base.
Wiki Says
American Family Insurance (aka AmFam) is a private mutual company that
focuses on property, casualty and auto insurance, but also offers
commercial insurance, life, health, and homeowners coverage, in
addition to investment and retirement-planning products. A Fortune 500
company, its revenues for 2007 were over $6.8 billion.
American Family Life
Insurance Company Says
With a strong focus on family, American Family hopes to offer growing
families a variety of products that will help them provide for the
future. To do so, the company has a variety of life insurance
options including term life, universal life and whole life. Term
life insurances offers coverage for a set number of years, usually in
10, 20 or 30 year terms. The premiums for term life are usually
relatively cheap and death benefits will be paid to the family as long
as the death is within the years of the agreed term.
Whole life insurance policies remain in force for the lifetime of the
insured. Premiums are to be paid on a regular, set basis in order
for the policy to stay in force. The policy also allows for the
accumulation of cash values.
Universal life insurance, like whole life, is a type of permanent
protection. However, universal life differs with its flexibility in
premium payments. Policyholders have the option to change the amount of
insurance according to their changing needs. This, too, accumulates
cash value.
Contact American Family Life Insurance Company at:
American Family Insurance
6000 American Parkway
Madison, WI 53783-0001
Telephone: (608) 249-2111
Sources: " American
Family Insurance,” Wikipedia, June 2009; “Life Insurance ,” American
Family Website, 2009.
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