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Use American Family’s Life Needs Calculator on amfam.com. Then, contact your American Family agent to discuss.

The plan is subject to OCI review and approval, as well as approval of existing policyholders of American Family Mutual Insurance Co.

 

American Family operates as a mutual company and is owned by its policyholders. A mutual holding company would be the group’s new parent company, with American Family Mutual Insurance Co. (AFMIC) becoming a stock subsidiary with 100 percent of the stock ultimately controlled by the mutual holding company.

Policyholders of American Family Mutual Insurance Co. would exchange their membership rights for similar membership rights in the mutual holding company. A mutual holding company structure would also better position American Family to consider future potential mergers and acquisitions with other mutual insurance companies, the company said.

Source: American Family Insurance Co.