American Public Life Insurance – An Overview

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American Public Life Insurance, commonly known as APL, is a leading provider of life insurance coverage to individuals and families across the United States. With over 70 years of experience in the insurance industry, APL has earned a reputation for quality products and exceptional customer service.

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History and Background

APL was founded in 1949 with a mission to provide affordable life insurance coverage to public employees. Over the years, the company expanded its product offerings to include both group and individual policies, and today serves customers in all 50 states.

As a subsidiary of Torchmark Corporation, APL is part of a Fortune 500 company that specializes in life and health insurance products. Torchmark Corporation is listed on the New York Stock Exchange under the ticker symbol TMK.

Products and Services

APL offers a range of life insurance products to meet the needs of individuals and families. These include:

Product
Description
Term life insurance
Provides coverage for a specified time period, typically 10 to 30 years.
Whole life insurance
Provides coverage for the entirety of the insured’s life and builds cash value over time.
Universal life insurance
Offers flexible premiums and death benefit amounts, as well as the potential to build cash value.

In addition to life insurance, APL also offers accidental death and dismemberment insurance, disability insurance, and critical illness insurance.

FAQ

What is the underwriting process for APL policies?

When applying for an APL policy, you will be asked to complete a health questionnaire and may be required to undergo a medical exam. This information is used to determine your eligibility for coverage and to set your premiums.

Can I adjust my coverage amounts over time?

Yes, many APL policies offer the ability to adjust your coverage levels as your needs change. This can include increasing your death benefit amount, changing your premium payments, or altering your policy’s duration.

What happens if I miss a premium payment?

If you miss a premium payment, your policy may lapse, which means your coverage will end. However, many APL policies offer a grace period of 30 days or more, during which you can still make a payment before your policy is terminated.

How quickly can I get covered by an APL policy?

Most APL policies can be approved and issued within a few weeks of your application. However, this timeline can vary depending on your individual circumstances and the specific policy you are applying for.

What happens to my policy if I move to another state?

APL policies are typically portable, meaning you can take your coverage with you if you move to another state. However, you should check with APL to ensure that your policy is still valid in your new location.

Conclusion

If you are in the market for life insurance coverage, APL is a provider worth considering. With a wide range of products to choose from, competitive pricing, and a commitment to customer service, APL can help you protect yourself and your loved ones against the unexpected.

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