Is American Income Life Legit?

Is American Income Life Legit?


American Income Life promo

Product Name: American Income Life

Price: $490 to have the license to recruit

Rating: 6.8 out of 10

Verdict: Honestly, there are better MLM money-making opportunities out there. That being said, the utility of their products are truly valuable – it’s life insurance after all. The real potential of this money-making opportunity really lies in your ability to sell items. This being an insurance product can be a valuable quality when selling the item.


Because of the recent economic crisis, more and more people are becoming aware of their financial situations and wanting to improve it. One of the best things that they could do is to make sure that they are investing their money the right way.

That is the main reason why many companies are pushing all kinds of investments. They come in all sizes, shapes, or forms, depending on your needs. One of the most overlooked kinds of investment is life insurance. A lot of people view it as morbid and would never even consider getting one. However, when viewed in a financial sense, getting life insurance really makes a whole lot of sense.

In today’s article, we’re going to look into an insurance company that claims to hire many independent workers to help them earn money on the side. The name of the company is American Income Life. We’re going to look at all of their claims to learn if you really can make money selling insurance. Let’s start now, shall we?


What Is American Income Life?

American Income Life is an international insurance company that was founded in 1951. Apart from offering life and other types of insurance, it also sells supplementary health products like vitamin and mineral supplements.

At first glance, it is an insurance company. However, upon closer inspection, you will learn that it is also an MLM company. It’s not marketed that way because they don’t want the MLM side of their business to become their main image. They want to maintain their insurance company reputation because let us be honest, the MLM industry does have a lackluster reputation.

American Income Life has been doing business for 68 years which means that it is indeed a legitimate company. The financial products they offer appear to be legitimate and with actual value, too, which makes it a somewhat easier sell compared to other products.


Who Can Use American Income Life?

The first types of people that can use American Income Life are people looking to get life insurance for themselves. Getting life insurance is considered a luxury for some because of the somewhat pricey premiums but it’s a good financial assist when something unexpected happens.

Other types of people that can use American Income Life are those wanting to make a career out of it. Becoming a financial advisor in the insurance industry seems to be a popular choice for many working professionals.

For the purpose of this review, we’re going to look at it from the perspective of financial advisors. After all, this website is all about online money-making. We’re also going to compare this company to other insurance companies out there but as I’ve said, we will focus more on reviewing it as a business opportunity.

american income life opportunity


How Can You Make Money On American Income Life?

American Income Life is an insurance company, through and through. It functions just the same as other insurance companies out there. You pay a premium and reap a lump sum in case an event you’re insured against happens. It really is an insurance company.

Its main difference from other insurance companies lies in the MLM component that is woven into its structure. It is added to entice other users to become members and promote it through traditional marketing methods.

Earning money from this company is very simple. You work on a commission basis. If you refer someone successfully into the program, you are entitled to a percentage of what they pay their premiums. It’s a neat way to make money on the side especially if you have a talent for convincing people to buy something that they may or may not need.


What Are The Types Of Insurance Offered?

The two main insurance policies are Term Life Insurance and Whole Life Insurance.

For the Term Life, you are ultimately just buying an insurance policy for a number of years. The maximum duration is 30 years. This means that your recipients/dependents will get a lump sum in case something happens to you when the policy is active.

This policy includes many terms and regulations which is a bit difficult to go over one by one. But to summarize, it really is built just like any other insurance policy you may be familiar with. As with all these types of insurance, the premium becomes more expensive as you grow older.

Whole Life insurance is an insurance that will cover you for the rest of your life. There is no ‘active’ connotation because it remains effective as long as you keep up with your premiums.


Quirks Of American Income Life Insurance

Their insurance policy is a bit different in that it allows you to build cash value over time. Many insurance companies have started incorporating a bit of investment into their policy. In a way, you can also make money while paying for your premiums if you select the right policy for yourself.

They also have other add-ons that you won’t find elsewhere. They have cancer protection which pays out when you are diagnosed with cancer. They also have a critical illness policy that will cover hospital bills due to sickness or accidents.


American Income Life Compensation Plan

Now that we already know the type of insurance that you can get from this program, let’s discuss their compensation plan. Let’s see if this company is indeed worth checking out.

To make it easier for you to understand their compensation plan, let’s make the figures a whole round number. The figures do not mean that these are the values of the policy.

For every successful referral, you will get 50% commission. A $1000 policy would net you $500. But you won’t get paid outright. You will only be given 65%. The remaining 35% will be paid after 6months.

american income life MLM

The reason it is designed this way is to have a percentage of the commission be considered residual income.

But you can’t just refer someone. You need some sort of license to become a certified insurance agent. It’s actually pretty easy. All you have to do is $490.


Honest Thoughts On American Income Life


  • It is a legitimate insurance company. It works just like any other insurance company.
  • It is highly rated in BBB and other finance publications which means that its products are highly rated.
  • Their compensation plan is pretty straightforward and easy to understand.
  • Even without the MLM component, it is still a solid insurance company.


  • It suffers from the same issues exclusive to MLM companies which are mostly about the recruitment process.
  • They make it seem like their MLM work opportunities are legit job openings, jobs that require you to work on their offices, but it’s very different.
  • You have to pay about $500 to be able to recruit people into the program.
  • You are encouraged to attend conferences and conventions which can be costly really fast.
  • You may come across an upline that is more focused on recruitment rather than selling insurance policies.


The Verdict – Is American Income Life Legit?

American Income Life is a legit company, there’s no doubt about it. The fact that it’s been operating for 68 years is nothing short of remarkable. It has paid a lot of policies during the course of its operation and from what I’ve read about it, it does not appear to be slowing down.

Its MLM component can be hit or miss depending on the culture of the group you’ve joined. The best MLM companies don’t put most of their effort into recruitment. It’s a balancing act between selling and recruiting. The best ones to do the job offers a good balance between the two.

Overall, selling insurance for this company is a good side hustle. If you are a good salesman, you will definitely find that you can earn good money from it. The opposite is also true if you are not a fan of the sales business.

Honestly, there are better MLM money-making opportunities out there. That being said, the utility of their products are truly valuable – it’s life insurance after all. The real potential of this money-making opportunity really lies in your ability to sell items. This being an insurance product can be a valuable quality when selling the item.


Alternative To Selling Insurance

If you are not a fan of selling insurance or selling in general, you may find this product more trouble than its worth. It really depends on your outlook.

Now, if you are looking for a good alternative, perhaps you would want to check affiliate marketing. Affiliate marketing is one of the main pillars of internet money-making which means that it’s an industry that you can thrive in. To learn more about this opportunity, you can check my #1 most recommended program. See you there!

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