Americo Financial Life & Annuity Insurance Review (2024)
Americo Financial Life & Annuity Insurance Company Inc. has an "A" with A. M. Best. The lowest available term life insurance rate costs $20 per month. However, life insurance rates vary for each person. Although Americo life insurance quotes differ for each person, you can secure cheaper rates if you're a non-smoker.
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Mary Martin
Published Legal Expert
Mary Martin has been a legal writer and editor for over 20 years, responsible for ensuring that content is straightforward, correct, and helpful for the consumer. In addition, she worked on writing monthly newsletter columns for media, lawyers, and consumers. Ms. Martin also has experience with internal staff and HR operations. Mary was employed for almost 30 years by the nationwide legal publi...
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UPDATED: Aug 28, 2024
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Direct Premiums: $821 Million / Total Assets: $5.5 Billion
- United Fidelity Life Insurance Company
- Financial Assurance Co Ltd
- Americo Investment Advisors, Inc.
- Landmark Mortgage Company
- Skystar LLC
- Americo Life Inc., Asset Management
Were you looking for a life insurance policy with Americo Financial Life & Annuity? Look no further – you’ve come to the right place.
Americo Insurance is a Missouri-based insurance company that provides annuities, life insurance, and Medicare supplement insurance. But how much is Americo life insurance?
Our Americo life insurance review has everything you need to know about the Kansas City insurance company. We’ll explore Americo’s products, life insurance rates, and third-party ratings.
Before learning more about Americo Financial Life & Annuity, enter your ZIP code in the free comparison tool above to compare rates from a multitude of companies.
What products does Americo Financial Life & Annuity offer?
Americo Financial Life & Annuity provides several products and annuities (retirement products) and life insurance. Here’s a list of products you can buy from Americo Financial Life & Annuity:
- Fixed Indexed Annuities
- Multi-Year Guaranteed Annuities
- Term Life Insurance (10-, 15-, 20-, and 30-year terms available)
- Universal Life Insurance
- Whole Life Insurance
- Medicare Supplement Insurance
- Vision Insurance
- Mortgage Protection
Americo insurance annuities are known as Future Provider Series, Ultimate One Index Series, Platinum Assure 5, and Platinum Provider.
Each annuity program carries a fee and return of investment. However, earnings vary for each person. You should also look at the estate planning laws of your state to make sure your money goes to the right place if you pass away.
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How much are Americo Financial Life & Annuity life insurance rates?
Term life insurance for a 25-year-old non-smoker at Americo is about $20 per month for a 20-year term and $100,000 death benefit. However, Americo’s term life insurance for a 25-year-old smoker is $30 per month for a $100,000 death benefit.
Americo Financial Life & Annuity doesn’t have any known life insurance discounts.
What about the other terms and ages? Let’s look at some sample rates and compare non-smoker and smoker life insurance for Americo Financial Life & Annuity life insurance quotes.
Americo Financial Life & Annuity Monthly Term Life Insurance Rates by Age, Smoker Status, and Policy Term| Age and Health of Policyholder | Monthly Term Life Rates for a 20-Year Term and $100,000 Death Benefit | Monthly Term Life Rates for a 30-Year Term and $100,000 Death Benefit | Monthly Term Life Rates for a 20-Year Term and $250,000 Death Benefit | Monthly Term Life Rates for a 30-Year Term and $250,000 Death Benefit |
|---|---|---|---|---|
| 30-Year-Old Non Smoker | $24 | $30 | $48 | $63 |
| 30-Year-Old Smoker | $35 | $47 | $77 | $106 |
| 40-Year-Old Non Smoker | $38 | $50 | $84 | $112 |
| 40-Year-Old Smoker | $67 | $92 | $155 | $218 |
| 50-Year-Old Non Smoker | $75 | $110 | $176 | $265 |
| 50-Year-Old Smoker | $139 | $198 | $336 | $484 |
| 60-Year-Old Non Smoker | $199 | $282 | $486 | $694 |
| 60-Year-Old Smoker | $352 | $500 | $869 | $1,238 |
Life insurance rates for smokers are much more expensive, and policyholders older than 40 years old pay the most for life insurance.
Americo’s website mentioned some burial insurance and final expense insurance perks, also. Ask for details before you buy Americo Financial Life & Annuity life insurance.
Streamlining Experience With Americo Financial Life & Annuity Insurance Claims Process
Ease of Filing a Claim (Online, Over the Phone, Mobile Apps)
When it comes to filing a claim with Americo Financial Life & Annuity Insurance Company Inc., policyholders have the convenience of multiple options. Whether you prefer to handle your claims online, over the phone, or through mobile apps, Americo offers a user-friendly approach to the claims process. This flexibility ensures that you can choose the method that suits your preferences and needs.
Average Claim Processing Time
One crucial aspect of the claims process is the speed at which claims are processed. Americo strives to provide efficient service to its policyholders. While the exact processing time may vary depending on the nature of the claim and specific circumstances, Americo aims to minimize delays and expedite the processing of claims to provide timely assistance to its customers.
Customer Feedback on Claim Resolutions and Payouts
Customer feedback is often a valuable indicator of an insurance company’s performance in handling claims. While Americo Financial Life & Annuity has received positive ratings for its financial strength from A. M. Best, customer reviews regarding claim resolutions and payouts have been mixed. It’s important to consider both the company’s financial stability and customer experiences when evaluating its claims process.
Unleashing Innovation With Americo Financial Life & Annuity Insurance Digital and Technological Features
Mobile App Features and Functionality
Americo provides a mobile app that offers policyholders a range of features and functionalities for managing their insurance policies. Through the app, users can view policy details, make premium payments, and even initiate claims. The app is designed to make it convenient for customers to access their insurance information and take action on their policies on-the-go.
Online Account Management Capabilities
In addition to the mobile app, Americo offers robust online account management capabilities. Policyholders can log in to their accounts on the Americo website to access a wide array of services. These services may include reviewing policy documents, updating personal information, making policy changes, and monitoring the status of claims.
Americo’s online portal provides policyholders with a centralized platform for managing their insurance policies effectively.
Digital Tools and Resources
To assist policyholders in making informed decisions and staying informed about their insurance, Americo provides digital tools and resources. These resources may include educational materials, calculators, and FAQs to address common insurance-related queries. Utilizing these digital tools can help policyholders better understand their coverage and make informed choices regarding their insurance needs.
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Americo Financial Life & Annuity Insurance Reviews
You’ve got a glance at the Americo Financial Life & Annuity products and cost, but what are Americo’s ratings? Before you dig into retirement planning tips and small business ownership, review Americo’s insurance financial strength and customer review ratings.
- A.M. Best – A (Excellent)
- J.D. Power – No Rating
- Better Business Bureau (BBB) – A+ (1.94/5.00 Customer Reviews)
- National Association of Insurance Commissioners (NAIC) Complaint Index – 1.03 (Above Average)
A. M. Best says Americo has an excellent rating, which means the company has stable financial strength.
Although Americo doesn’t have a J.D. Power rating, it has a BBB rating of A+. However, the customer reviews are lower than average.
The NAIC complaint index reflects the rate at which Americo received complaints. In 2020, Americo received 23 complaints, which is higher than average.
What’s Americo Financial Life & Annuity Insurance Company’s history?
The Americo Financial Life & Annuity Insurance Company, Inc. was founded in 1946. It’s currently based in Kansas City, Missouri, and the company has several subsidiaries.
Americo was formerly known as The College Life Insurance Company. Throughout the years, Great Southern Life Insurance Company, United Fidelity Life Insurance Company, National Farmers Union Life Insurance Company, and Investors Life Insurance Company of North America became a part of Americo.
Americo Financial Life & Annuity: The Bottom Line
There’s plenty of products to choose from at Americo, but the company doesn’t have many credit ratings outside of A. M. Best. Smokers will face higher than average life insurance rates, but non-smokers can save hundreds of dollars per year.
Now that you know more about Americo Financial Life & Annuity, you’re ready to start comparing multiple companies in your local area. Use our free online quote tool to find affordable insurance companies in your local area.
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Frequently Asked Questions: Americo Financial Life & Annuity
Let’s take a closer look at some more FAQ.
#1 – How do I file an Americo Financial Life & Annuity claim?
If you want to file an Americo Financial Life & Annuity claim, follow these steps:
- Step 1 – Visit https://www.americo.com/policy-holder/
- Step 2 – Click on “Make a Claim” under the [Service Your Policy] menu
- Step 3 – Choose a life insurance policy claim form or annuity contract claim form
- Step 4 – Contact Americo and let them know you want to file a claim
Americo’s phone number is 1-800-231-0801, and its email is [email protected]. The fax number is 800-395-9238.
#2 – Does Americo Financial Life & Annuity have discounts?
Americo doesn’t have any known discounts.