Today Solutions - Tomorrow Needs
Life of Alabama products are designed for middle-income America. Our product portfolio integrates with other insurance to “fill the gap.” The benefits from our products are paid directly to the insured during their time of need.

Our Products

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Life Insurance

What Is Life Insurance?

That's a big question! The most basic answer is this: life insurance is a financial tool that helps you safeguard your family's future.

It's not something you buy for yourself. It's something you buy so your family is protected after you pass away. It keeps them from having to struggle to pay the bills, or pay for funeral and burial expenses. If you're the primary breadwinner for your home, it can also help your family stay afloat financially.

How Much Does It Cost?

Life insurance isn't a one-size-fits-all kind of product. Everyone will pay a slightly different rate based on how big a policy you want and the type of Life Insurance you need.

Term or Permanent: Which is best for you?

No matter which stage of life you’re enjoying, we have life insurance to fit your needs.

Whether you’re looking for the affordability of term insurance or the lifelong protection and cash value of permanent insurance, or a combination of both, we have options to fit your needs and budget.

Term life insurance can be purchased for large amounts with an initially low premium and may be appropriate for short-term coverage for needs, such as:

  • Home mortgage
  • Outstanding debt
  • Educational expenses
  • Auto loan

Permanent life insurance offers a level premium for a coverage amount you choose and is best for lifelong needs, such as:

  • Loved one’s financial needs
  • Final expenses
  • Estate planning
  • Contributions to charity
  • Business legacy
  • Access to accumulated cash value

Let us help you select the coverage which best fits your needs.

Dental Insurance

Dental Insurance

The best way to maintain a healthy and beautiful smile is the path of prevention. You will save a fortune over your lifetime by properly brushing, flossing and seeking professional dental cleanings and regular exams. Regularly scheduled visits to your dentist can do more than help you maintain your oral health. Dentists are usually among the first healthcare providers to identify early stages of diabetes, heart disease, and even various types of cancers. Another thing to consider is this: having a healthy smile can boost your confidence and show others that you care about your health and hygiene.

LICOA Dental plans include:

  • 100% coverage for many preventive services like cleanings, X-rays and oral exams.
  • No Network Restrictions. Choose any Dentist you wish.
  • Coverage for the entire family.

Cancer Insurance

Cancer Indemnity Insurance

The Need for Cancer Insurance

What's worse-being diagnosed with cancer or discovering that your health insurance won't go the distance in covering your treatment? These days, with earlier detection and better therapies, cancer isn't the death sentence it once often was. But treating it is expensive, and health plans are increasingly placing caps on the maximum benefits they will pay, as well as other restrictions on coverage that hit cancer patients particularly hard.

What Are the Costs of Cancer?

Paying for the costs of treatment is not usually the first concern that comes to mind when someone is diagnosed with cancer, but for many, it becomes an important one. Some individuals with modest incomes and no health insurance are able to obtain Medicaid or other forms of assistance after diagnosis, and most individuals with health insurance will have a substantial portion of their costs covered. Nonetheless, many individuals face cancer without adequate health insurance, and even those with standard private insurance policies may face high out-of-pocket costs associated with deductibles, co-pays, and annual or lifetime caps.

Benefits from LICOA’s Cancer Indemnity plans are paid directly to the insured. Coverage is available for the insured, the insured's spouse and all dependent unmarried children under age 19, age 24 if attending an accredited school as a full time student.

Accident Insurance

Accident Insurance

What is Accident Insurance?

Accident insurance pays benefits when you’re injured. It’s a way to stay ahead of the medical and out-of-pocket expenses that add up so quickly after an accidental injury - not just for emergency treatment, hospital stays and medical exams, but for other expenses you may face, such as transportation needs.

Why Do I Need Accident Insurance?

If you’re in an accident, your major medical plan may cover most of your expenses. But you’re likely to be responsible for out-of-pocket expenses such as deductibles and co-pays, plus medical appliances and transportation.

In addition, your regular bills, such as the mortgage or rent, car payments and utility bills don’t stop when you’re laid up after an accident. LICOA’s accident insurance benefits are paid directly to you, so you can use them to help with your normal bills as well.

Important Accident Facts

Across the US, accidents happen at an alarming rate. Every second of every day, someone is disabled from an accidental injury. And 1 in 9 Americans – nearly 34.3 million people – receive medical attention for an injury annually. According to the National Safety Council, falls are the #1 cause of all accidental injuries in the U.S.

The cost of hospitalization and emergency-room care can cost more than an average family earns in a month, yet millions of Americans are not prepared to pay for any expenses that major medical insurance will not.

Disability Insurance

Short Term Disability Insurance

For many people, losing just one paycheck can be difficult, but when accident or illness keeps you from working for an extended period of time, difficulty can turn into disaster. Without short-term supplemental disability insurance, families can be forced to cut back on even the basics, like food, clothing, transportation and housing.

Protect one of your most valuable assets – your income.

If you’re unable to work due to a sickness or injury, disability income insurance can help you meet expenses and maintain your standard of living. It can help you pay bills like your mortgage, tuition and car payments. By replacing a portion of your income, disability income insurance can help provide financial security until you get back on your feet and return to work.

Critical Illness Insurance

What is Critical Illness Insurance?

A critical illness insurance policy provides a lump-sum cash benefit to you if you’re diagnosed with a critical illness. The critical illness benefit is triggered by covered serious health condition such as:

  • Heart Attack
  • Stroke
  • Kidney Failure
  • Cancer
  • Major Organ Transplant
  • Heart Surgeries

Why Do I Need Critical Illness Insurance?

Surviving a critical illness is becoming increasingly common with advances in medical technology. However, the costs of fighting these illnesses or keeping up with everyday bills can be more than most are prepared to deal with.

While you, or a covered family member, are being treated for or are recovering from a critical illness, there’s a good chance that you will be facing deductibles, co-pays, and even costs for travel and lodging. The security of knowing that you’ll receive a lump sum cash benefit from LICOA will allow you to concentrate on your recovery, not your finances.

With supplemental critical illness insurance, you’ll receive a lump-sum cash payment upon diagnosis of a covered condition. If you have a health plan, critical illness insurance will provide benefits in addition to your other coverage.

Do you need Critical Illness Insurance if you have other types of insurance?

Medical treatment is more advanced than ever, but it’s also more expensive. People today can experience financial hardship because of the expense their insurance does not cover.

Critical Illness Insurance is designed to help meet the additional expenses associated with a serious illness or condition. They may help pay some of your hospital and doctor charges, or even replace part of your lost income. You may use your critical illness insurance to help pay for other unexpected expenses such as:

  • Experimental treatment
  • Travel expenses to and from treatment
  • Out-of-network doctors and hospitals
  • Childcare and eldercare
  • Insurance deductibles and co-payments

Vision & Hearing Insurance

Vision Insurance

There's an old saying that the eyes are the windows to the soul. Whether this overstates the case or not, it's true that the eyes can relay much about a person. Regular eye checkups can not only identify such problems as glaucoma, but also can reveal the state of a person’s cholesterol, blood pressure, and blood sugar levels, among other things. Even brain tumors can, occasionally, be detected. Over 11 million Americans have some type of visual impairment that lowers the quality of their lives, yet recent studies show that 1 in 4 adults haven't had an eye exam in the past two years. If your vision is important to you, it just makes sense to schedule regular eye checkups.

Hearing Insurance

Have you ever considered what it would be like to lose your hearing? Maybe you’ve already found or are now suspecting that your ears aren’t picking up sounds as well as they did when you were younger. But hearing loss can mean a lot more than just not hearing well. The fact is, hearing loss can be injurious to your personal relationships, your career, and your overall emotional well-being. More than 35 million children and adults bear the scars of hearing loss to some extent. Most of them would benefit greatly from having a hearing aid. And insurance that offers hearing-aid coverage could be most helpful.

Hospital Indemnity Insurance

Inpatient + Outpatient Medical Expense Plan

What is hospital indemnity insurance?

Hospital indemnity insurance is a type of plan that pays a set amount – per day, per week, per month, or per visit – when you’re sick or injured and require medical care. The Hospital Confinement Indemnity Plan is a hospital indemnity insurance plan.

How is the Hospital Confinement Indemnity Plan different from a traditional medical plan?

Medical insurance reimburses the insured, or provider, for covered and approved medical services, procedures, equipment, and prescription drugs. The Hospital Confinement Indemnity Plan pays benefits directly to the insured for a covered hospital confinement, emergency accident or sickness.

How is the Hospital Confinement Indemnity Plan benefits paid?

When you experience a hospital confinement, emergency accident or sickness, you submit a claim form along with the required documentation for services received. You will receive a payment as described in the policy. You can use the cash for whatever you choose.