Critical Information about American Income Life Insurance Company (AIL)

American Income Life Company Information

American Income Life Insurance Company is an international company protecting working families in the United States, Canada, and New Zealand.

American Income Life is a wholly-owned subsidiary of Globe Life Inc. (NYSE: GL), an S&P 500 Company that markets life and supplemental health insurance for middle-income families through its affiliate companies.

For further information about American Income Life Insurance Company see this page.

American Income Life Insurance Company (AIL) is the company that provides the insurance cover. AIL of New Zealand Limited (AIL of NZ) is the company that provides financial advisers who meet with customers, explain the AIL insurance products and make appropriate recommendations.

Company Disclosure Statement

Disclosure Statement

The information provided and services described in this website are of a general nature and are not intended to be personalised financial advice to a retail client. The information provided on this website is not intended to be a substitute for professional advice. You may seek appropriate personalised financial advice from a qualified professional to suit your individual circumstances.

While every effort is made to ensure the information on this website is up-to-date and correct, AIL of New Zealand makes no representations or warranties of any kind, express or implied, about the accuracy, reliability, completeness, suitability or availability of the website or the information about the products and services provided on the website. The information on this website is subject to change at any time. AIL of New Zealand is under no obligation to update any information on this website or correct any errors in the information after it is published on the website. Any reference on this website to historical information and performance of a product or service may not necessarily be a good guide to future performance. You are solely responsible for any actions you take or do not take by relying on such information. To the full extent legally allowable, the directors, contractors, associates and staff of AIL of New Zealand expressly disclaim all and any liability and responsibility to any person in respect of anything, and of the consequences of anything, done or omitted to be done by any such person in reliance, whether wholly or partially, upon the whole or any part of the contents of this website. The disclaimers and limitations of liability do not prejudice your rights under the Consumer Guarantees Act 1993, nor are they intended to exclude liability arising under statute.

The information published on this website is governed by, and has been prepared to comply with, the New Zealand law. The information is only intended for persons within the New Zealand jurisdiction and is not intended for persons outside the New Zealand jurisdiction. AIL of New Zealand does not accept responsibility for the compliance of this information with the laws of any other country. The laws of New Zealand shall govern your use of the website and by visiting this website you hereby agree to submit to the exclusive jurisdiction of the New Zealand courts.

Although AIL of New Zealand regularly updates its virus protection software, it does not warrant that the server that makes the information and contents of this website available is free of viruses or bugs. You acknowledge that it is your responsibility to implement sufficient procedures and virus checks (including anti-virus and other security checks) to satisfy your particular requirements for the correct display and/or presentation of any material contained on this website.

Through this website, you may be able to link to other websites which are not under the control of AIL of New Zealand. AIL of New Zealand has no knowledge of or control over the nature, content, and availability of those websites. AIL of New Zealand does not sponsor, recommend, or endorse anything contained on these linked websites. AIL of New Zealand does not accept any liability of any description for any loss suffered by you by relying on anything contained or not contained on these linked websites.

Every effort is made to keep the website up and running smoothly. However, AIL of New Zealand takes no responsibility for, and will not be liable for, any loss you may suffer due to the website being temporarily unavailable either during its planned maintenance or due to technical or other issues beyond our control.

All materials on this website are protected by copyright and intellectual property laws and are the property of AIL of New Zealand unless otherwise explicitly stated. The website may also contain several trademarks, logos and symbols which are either owned by AIL of New Zealand or used with the approval of the trademark, logo, symbol owner. Nothing on the website should be construed as granting any licence to use any trademark without the permission of the trademark owner. Any material on this website that is identified as being subject to copyright of a third party, authorisation to use or reproduce such material must be obtained from that third party. Unless stated otherwise, you may access and download the materials located on this website only for personal, non-commercial use.

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Website Disclosure Statement

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Financial Information

American Income Life Insurance Company has been granted an A (Excellent)* financial strength rating from A.M Best Company, Inc. Effective from 31 August 2023.

* This rating refers only to the financial strength of the company and is not a recommendation of the specific policy provisions, rates, or practices of the company.

A.M. Best Company, Inc is a financial auditing company providing rating services to the global insurance industry.

For more information about A.M. Best Company, Inc you can visit the AM Best website here.

Guide to Financial Ratings

Rating	Descriptor	Definitions
SECURE
A++, A+	Superior	Assigned to companies that have, in our opinion, a superior ability to meet their ongoing insurance obligations
A, A-	Excellent	Assigned to companies that have, in our opinion, an excellent ability to meet their ongoing insurance obligations
B++, B+	Good	Assigned to companies that have, in our opinion, a good ability to meet their ongoing insurance obligations
VULNERABLE
B, B-	Fair	Assigned to companies that have, in our opinion, a fair ability to meet their ongoing insurance obligations. Financial strength is vulnerable to adverse changes in underwriting and economic conditions.
C++, C+	Marginal	Assigned to companies that have, in our opinion, a marginal ability to meet their ongoing insurance obligations. Financial strength is vulnerable to adverse changes in underwriting and economic conditions.
C, C-	Weak	Assigned to companies that have, in our opinion, a weak ability to meet their ongoing insurance obligations. Financial strength is very vulnerable to adverse changes in underwriting and economic conditions.
D	Poor	Assigned to companies that have, in our opinion, a poor ability to meet their ongoing insurance obligations. Financial strength is extremely vulnerable to adverse changes in underwriting and economic conditions.
E	Under Regulatory Supervision	Assigned to companies (and possible their subsidiaries/affiliates) placed under a significant form of regulatory supervision, control or restraint – including cease and desist orders, conservatorship or rehabilitation, but not liquidation – that prevents conduct of normal, ongoing insurance operations.
F	In Liquidation	Assigned to companies placed in liquidation by a court of law or by a forced liquidation.
S	Suspended	Assigned to rated companies when sudden and significant events affect their balance sheet strength or operating performance and rating implications cannot be evaluated due to a lack of timely or adequate information.

This information was sourced from http://www.ambest.com/ratings/guide.pdf

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Solvency Statement

The solvency position has been calculated in accordance with the RBNZ Interim Solvency Standard 2023, issued under the Insurance (Prudential Supervision) Act 2010, effective up to and including 30 June 2024.