July, 26 2017

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Alfa Life Insurance Review

Alfa Life Insurance Review

Author
  • Price
  • Financial Strength

ALFA Life Insurance Review

Pros: Competitive Pricing– We found Alfa Insurance to have competitive life insurance rates, specifically on their 20 and 30 year term policies.  Convenience– Alfa Insurance is a full-service insurance company offering auto, home, farm, business, health, dental, watercraft, flood, umbrella, church and life insurance.  Many people find it much more convenient to have all their insurances with one company.  Stable– Alfa has been around since 1946 and has more than 1 million polices inforce. Website– Alfa’s website provides instant rate quotes and is also; simple, clean and easy to navigate.

Cons: Their 10-year term rates were not the most competitive in our research.

Bottom Line: Alfa Insurance has been around for over a half a century and offers a full-range of insurance products to protect almost any need.  Their life insurance rates on their 20 and 30 year terms are very competitive in comparison to many of the largest life insurers in the nation.  The bottom line, as with all the life insurance companies we review, we recommend that you receive a quote from Alfa Insurance and from also the other top companies and choose the best policy for you.

About

Type: Corporation

Underwritten by: Alfa Life Insurance Corporation

Founded: 1946

Website: alfains.com

Phone: (334) 288-3900

Address: 2108 East South, Boulevard, Montgomery, AL 36191

A.M Best Rating: A (Excellent) Third highest of 16 possible ratings

Comdex Ranking: N/A

BBB Rating: A+  

States Operate In: Alabama, Mississippi, Georgia, Texas, Missouri, Indiana, Ohio, Virginia, Tennessee, Arkansas, Kentucky, Florida, and North Carolina

Life Insurance Products: Term Life Insurance, Permanent Life Insurance, Universal Life Insurance, Annuities and a No-ExamTerm Policy up to $75k

Competitors: American Family, Grange Insurance, Progressive, State Farm, Farmers, Allstate, Nationwide, American Family Life Insurance, Liberty Mutual, Amica, ANICO, Allianz Life Insurance Company, Fidelity & Guaranty Life, American General Life, Banner Life, Protective Life, Primerica, Genworth Life, Pacific Life Insurance, North American Co, Lincoln National Life, ING-ReliaStar, Transamerica, Prudential, Midland, Cincinnati Life, Symetra Life Insurance Company, Mutual of Omaha, John Hancock, PennMutual, Principal, TIAA-CREF, Guardian, OneAmerica, Minnesota Life, RiverSource, Allianz Life Insurance Company, Thrivent Financial for Lutherans, AAA, Erie, Sagicor, Assurity, Colonial Penn, AARP, Globe Life, Ohio National Life Group, New York Life, Northwestern Mutual, EMC National Life, Motorists Life, Pan-American Life, National Life Group, , Shelter, HoraceMann, Group Life Insurance, Supplemental Life Insurance, Aflac, Voluntary Life Insurance, Baltimore Life, Security Mutual Life, SBLI,Foresters, 5 Star Life Insurance Company, Oxford, Americo, United Home Life, Monumental, Funeral Advantage, Standard Life, Unum, MassMutual.

Price Comparison

Sample rates for a $250,000 policy on a 20-year term at each company’s preferred health class, for a 40-year old male, non-smoker.

AgeAlfaMetLifeAIGPrimerica
40$28.83$26.01$24.85$35.39

 

To receive an instant life quote from Alfa, click here. To receive the rates from other top life insurers click on the green button below.

What is your experience with Alfa Life Insurance?  Tell others if you would recommend them to your friends and family.  Please leave a comment and rating below.

Summary
Review Date
Reviewed Item
Scott
Author Rating
4