Business Details
50+ Years
experience
Secure Life Insurance & Annuity Solutions
Founded in 1954, American Savings Life Insurance (ASL) has built a legacy as a family-managed, Arizona-based insurer specializing in niche life insurance and annuity products. With over 1,000 shareholders and 70 years of continuous operation, we prioritize conservative investment principles that ensure exceptional financial strength and solvency. Our unique asset-to-liabilities position provides policyholders with unmatched security, backed by a 3% lifetime minimum guaranteed interest rate on annuities and a 7% first-year return on select products. We maintain a 10-year annual growth rate of 8.9% and $71 million in invested assets, reflecting our commitment to long-term stability. Our team combines decades of industry expertise with personalized service, offering products like youth life insurance starting at $25/year and multi-year guaranteed annuities with penalty-free withdrawal options.We operate with full transparency, evidenced by our BBB accreditation and zero complaints history, while maintaining a 30-day free look policy for all annuity contracts. Our low-overhead business model enables us to offer above-market rates, with annuities available in 15 states and youth policies in Arizona and Utah. We provide 24/7 customer support through multiple channels, including toll-free phone and online payment systems, while maintaining a 98% client retention rate through consistent performance and ethical practices. Our 20-year average 8.7% return on equity demonstrates our ability to balance profitability with policyholder security.
Services
Life Insurance
Annuities
Youth Life Insurance
Guaranteed Interest Account
Loans
Details
- Year established: 1954
Highlights and features
- 70 years of continuous operation with conservative investment principles
- 3% lifetime minimum guaranteed interest rate on annuities
- 10-year annual growth rate of 8.9% with $71 million in assets
- BBB accredited with zero complaints history in Utah and Arizona
- Penalty-free withdrawal options for chronic illness and nursing home confinement
Associations and certifications
- BBB Accredited Business
What people say
Timely interest payments
40+ year relationships
Smooth claims processing
Competitive rates
Exceptional service
Services
Life Insurance
We offer permanent whole life insurance policies for children and adults with guaranteed rates. Our youth policies start at $25/year and provide lifetime coverage with no medical exams required. Policyholders benefit from a 6-month money-back guarantee and optional guaranteed interest accounts that earn 2.5% minimum annually. All policies include chronic illness riders and penalty-free withdrawals.
Annuities
Our multi-year guaranteed annuities provide secure retirement income with fixed rates from 5.00% to 5.25%. Available in 1-5 year terms, these contracts include 10% annual penalty-free withdrawals and lifetime minimum 3% interest guarantees. We offer traditional IRA, Roth IRA, and non-qualified options with premiums ranging $10,000-$100,000 per individual.
Youth Life Insurance
This specialized product provides permanent coverage for children aged 15 days to 17 years. Starting at $25/year, it locks in lifetime rates with death benefits of $5,000-$20,000. The plan includes a guaranteed interest account option that grows savings at 2.5% minimum annually, with funds accessible for education or emergencies through penalty-free withdrawals.
Guaranteed Interest Account
This optional rider with youth life policies provides a secure savings vehicle earning 2.5% minimum annual interest. Account holders can use funds to pay premiums automatically or withdraw for education, medical expenses, or other needs. The maximum balance varies based on death benefit amount, up to $20,000 for $20,000 policies.
Loans
Through our subsidiary American Life Financial, we provide 'Not So Hard Money' mortgage loans. These commercial real estate loans leverage our conservative investment principles to offer competitive rates backed by 70 years of financial expertise and $71 million in assets.
Questions
What annuity options are available?
We offer multi-year guaranteed annuities with 1-5 year terms at fixed rates from 5.00% to 5.25%, including penalty-free withdrawal options and lifetime 3% minimum guarantees.
Do you offer life insurance for children?
Yes, our youth life insurance starts at $25/year for permanent coverage with no medical exams, available for children aged 15 days to 17 years in Arizona and Utah.
How are your financial ratings?
We maintain an 8.7% 20-year average return on equity, $71 million in assets, and a solvency ratio exceeding industry standards with BBB accreditation and zero complaints history.
Can I access funds early?
Yes, our annuities allow 10% annual penalty-free withdrawals and full surrender waivers for chronic illness, nursing home confinement, or terminal illness.
What states do you serve?
Our annuities are available in 15 states: AZ, AR, IA, KS, LA, MO, MT, ND, NM, NV, OH, OK, TX, UT, and WI. Youth policies are available in AZ and UT.
Do you offer a free look period?
Yes, all annuity contracts include a 30-day free look period with 100% refund if canceled for any reason.
Reviews (4)
Brittany Van Der Salm
Dec 08, 2019
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Byron Allen from American Savings Life Insurance has patiently worked with me over several months as I've figured out what my needs are. He's worked with me through periods of intense, quick-paced action, and periods of almost no contact. He was never once pushy or rude, even when my needs changed and it caused him extra work. I've been truly impressed by his responsiveness, professionalism, and willingness to roll with the punches with me. Highly recommend!
Jacob Lausen
Jun 05, 2018
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This company is great!. They have very high integrity and treat you as if you are family. I have no problems at all referring my friends to American Savings Life Insurance Company!
Kelli Shipp
Apr 03, 2018
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These landlords are just plain nice people! How refreshing it is to meet and work with kind folks that want the best for their tenants. We are very happy to rent office space from them.
Bret Peterson
Feb 24, 2018
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Very Very happy! These guys came through when other did not. Every time I have had to communicate with these guys It was easy and felt like I was communicating with real people. Would do business with them in a heart beat.
