Jeffrey Wade
American Fidelity Assurance (AFA) is a US-based private, family-owned life and health insurance company. It was co-founded by C.W. and C.B. Cameron and is currently run by their grandson, Bill Cameron. The company has a rich history of serving the US military and first-responder communities, and today provides benefits solutions for employers in the education, public sector, automotive, manufacturing, and healthcare industries. AFA offers voluntary supplemental health insurance products (including cancer, disability, life, and hospital indemnity insurance) and tax-deferred annuities to its customers.
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What You'll Learn
American Fidelity Assurance (AFA)
AFA provides voluntary supplemental health insurance products, including cancer, disability, life, and hospital indemnity insurance. They also offer tax-deferred annuities to a diverse range of professionals, including education employees, auto dealership workers, healthcare providers, and municipal workers across the United States. AFA serves approximately 1 million customers across 49 states and has consistently received an "A+" rating from A.M. Best since 1982.
AFA has been recognised for its commitment to its employees and has been ranked on Fortune magazine's "100 Best Companies to Work For" list 15 times, including in 2021. The company prioritises customer service and strives to offer tailored solutions to meet the unique needs of its clients. AFA representatives work closely with their clients' employees, providing informative guidance to help them navigate the complexities of insurance benefits.
In addition to its focus on customer satisfaction, AFA also emphasises financial security and safe investments. AFA differentiates itself from other insurance companies by investing only in strong, safe assets such as high-interest government notes and bonds. This approach aligns with the company's values of integrity and trust, ensuring that the financial interests of its customers are protected. AFA also offers permanent life insurance policies, guaranteeing death benefits regardless of the policyholder's lifespan.
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Life and health insurance
American Fidelity Assurance (AFA) is a private, family-owned life and health insurance company that was co-founded by C.W. and C.B. Cameron. It provides voluntary supplemental health insurance products, including cancer, disability, life, and hospital indemnity insurance. AFA also offers tax-deferred annuities to education employees, auto dealerships, healthcare providers, and municipal workers across the United States. The company has a strong focus on serving the military community, including first responders, active-duty officers, and veterans, by providing them with secure investments and life insurance options.
Fidelity's life insurance products are designed to provide financial security for loved ones in the event of the policyholder's death. They offer term life insurance, which covers the policyholder for a selected period, such as 10 or 20 years, and allows them to choose a benefit amount. Term life insurance is typically the most affordable and straightforward type of life insurance. Fidelity also provides hybrid life insurance options, which include long-term care planning solutions from highly-rated insurers.
The cost of life insurance is influenced by various factors, including the death benefit amount, type of policy, age, gender, health, and lifestyle. Fidelity recommends considering a range of factors when determining the appropriate coverage amount, such as annual income, mortgage payments, rent, childcare, and future goals like college education.
Fidelity also emphasizes the importance of long-term care insurance, which covers a wide range of personal care services for short or long periods. While Medicare may cover skilled nursing facility care for a limited time, most health insurance plans do not pay for long-term care. Therefore, individuals should evaluate long-term care insurance as part of their overall financial plan to ensure they can afford the care they need without placing a strain on their finances.
Fidelity's insurance products are issued by Fidelity Investments Life Insurance Company (FILI) and, in New York, by Empire Fidelity Investments Life Insurance Company. These companies are licensed in all states except New York and Virginia.
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Military and first-responder insurance
American Fidelity Life Insurance is a family-owned business that provides life insurance to military personnel, first responders, and their families. The company was founded in 1956 by Charles Woodbury, a decorated WWII Marine pilot, with the aim of serving the highest-risk members of the military whose needs were not being met by other insurance companies. Today, American Fidelity continues to cater to the unique needs of military and first-responder communities, offering flexible coverage options with a focus on security and trust.
Members of the military and first responders face unique challenges and risks, and American Fidelity recognises the importance of providing tailored insurance solutions to these heroes. The company offers permanent life insurance policies that provide death benefits regardless of when the insured person passes away. This provides peace of mind and financial security for their families.
American Fidelity's life insurance products are designed to be simple and accessible. They do not require medical exams or blood tests, and the approval process can be completed online in under 10 minutes. The company also offers flexible coverage options to match different budgets and specific needs.
In addition to life insurance, American Fidelity also provides supplemental health insurance products, including cancer, disability, hospital indemnity, and tax-deferred annuities. These products are available to education employees, auto dealerships, healthcare providers, and municipal workers across the United States.
First responders, including law enforcement, correction officers, firefighters, and emergency medical service providers, can also benefit from group level term life insurance offered by American Fidelity. This insurance provides coverage amounts ranging from $50,000 to $500,000, ensuring financial protection for their families in the event of their passing.
American Fidelity is committed to serving those who serve their country and communities, providing them with the security and protection they need to focus on their important roles.
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Voluntary benefits
American Fidelity offers a range of voluntary benefits solutions for employers and their employees. These solutions are tailored to meet the specific needs of different industries, including education, the public sector, automotive, manufacturing, and healthcare.
One key benefit of American Fidelity's services is the ability to connect all benefits on a single secure platform, AFenroll®. This platform simplifies the enrollment process for employees, allowing them to enrol in all their benefits, including core benefits, in one place. It eliminates the hassle of dealing with multiple vendors and provides a comprehensive range of supplemental insurance options, enrollment platforms, and tailored administrative services.
American Fidelity emphasizes the importance of educating employees about their available benefit options before enrollment. They offer a variety of communication resources and personalized guidance to help employees understand their benefits and make well-informed decisions that align with their individual needs. This includes one-on-one enrollments to ensure that employees have the support they need to navigate the complexities of benefits effectively.
Additionally, American Fidelity offers an online account and mobile app that enables employees to efficiently manage their benefits. Through this platform, employees can easily file claims and manage their coverage, setting them up for success. American Fidelity is known for its quality customer service, ensuring that employees feel comfortable and supported in utilizing their benefits.
Overall, American Fidelity's voluntary benefits solutions provide a dynamic and flexible approach to meeting the diverse needs of employers and their workforce. By offering a wide range of benefits options, personalized guidance, and user-friendly platforms, they enhance employee engagement and satisfaction while simplifying the complex world of benefits enrollment and management.
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Term life insurance
Fidelity offers term life insurance with various increments, allowing you to choose the duration of coverage that best suits your needs. The application process is straightforward and can be completed online. You will be asked questions about your identity, contact information, employment status, health, and lifestyle. Fidelity also provides a quote tool to help you estimate your coverage needs and the associated costs.
It's important to note that term life insurance is typically the most affordable and simple type of life insurance. The premiums remain fixed for the duration of the policy, and your loved ones will receive the full benefit amount without any income tax.
American Fidelity Life Insurance, a family-owned business with a strong history of serving the community, specializes in providing term life insurance. They offer flexible coverage options that cater to your budget and specific requirements. Their plans start at \$9 per month, making it an accessible option for many.
When considering term life insurance, it's essential to evaluate your financial situation and future goals. By doing so, you can ensure that your loved ones will receive the necessary support and protection, even in your absence.
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Frequently asked questions
American Fidelity Assurance (AFA) is an American private, family-owned life and health insurance company. It provides voluntary supplemental health insurance products and tax-deferred annuities to education employees, auto dealerships, health care providers, and municipal workers across the United States.
American Fidelity Life Insurance provides permanent life insurance policies with no medical exams or blood tests required. They cater to first responders, active-duty officers, and veterans. They also offer flexible coverage options to match different budgets and needs.
American Fidelity provides benefits solutions for employers in various industries, including education, public sector, automotive, manufacturing, and healthcare. They offer tailored offerings, comprehensive education for employees, and high-quality customer service.
