How to get the best value for your money with Pledges of America
The world’s largest insurance company says its latest insurance product will save consumers up to $1,500 on their mortgage and unemployment insurance premiums, while also boosting the number of insured by an average of 2.4%.
The American Family Insurance (AIF) insurance products are aimed at lower-income individuals, families and individuals who are at risk of losing their home or a significant amount of money.
They are available in 30 states.
Pledges are the cheapest insurance products available, but the company says they will also save consumers money in the long run.
“In the future, Pledging America will be able to offer policies that cover a greater variety of consumers,” the AIF said in a press release on Wednesday.
“For example, the new Premium Policy will cover people in their 30s and 40s, while Premium Insurance will cover everyone from college students to retirees.
These are important consumer choices that we can all support.”
In the press release, AIF’s head of insurance marketing, Peter Novelli, said the premium savings are because AIF plans to keep premiums affordable by offering policies that are designed to work together.
Pledging American will also help the company save on its costs and expand coverage in areas like healthcare, the Aif said.
The American family insurance plan offers policies for individuals, businesses, and households.
The American Mortgage Insurance Association (AMA) also released a statement on Wednesday that says the A&M premium savings would be significant.
“”It’s a win-win for consumers, and the AMA applauds the American Family insurance plan for taking this important step to help consumers with their mortgage insurance needs,” said Michael D. Smith, president and CEO of the AMA.
AMA also noted that Pledged America is a “strong supporter of affordable housing.””
A&=M says its new premium products are expected to save consumers $1 in 2018, $1 for 2019, and $1 through 2021. “
The new Pledger Policy will help consumers and their families avoid additional out-of-pocket expenses as they transition to a new policy, saving homeowners, renters, and employers an average $1.50 per month on mortgage payments.”
A&=M says its new premium products are expected to save consumers $1 in 2018, $1 for 2019, and $1 through 2021.
AIF says it expects the Premium Policy and Premium Insurance to save homeowners an average total of $1 per month through 2021, a saving of $400 million annually.
There are more than 9.6 million people enrolled in the Pledgers of America program, and that number is expected to grow in the future.