Americo Life Insurance Company Review

Company History, Ratings, & Policies Offered
Americo Life Insurance Company logo

Contact Information for Americo Life Insurance

1055 Broadway
Kansas City, Missouri 64105
(816) 391-2000

About Americo Financial Insurance Company

For over 100 years, Americo Life, Inc. and its family of insurance companies have provided insurance and financial products.

Today, Americo Life, Inc. is one of the largest independent, privately-held insurance groups in the United States, with nearly one million policyholders.

Americo has more than $44 billion of life insurance in force according to the insurance companies’ combined annual statements for year-end 2001.

Americo Life Insurance Company History

Americo is a company with a rich history dating all the way back to 1909.

110 Years in the life insurance industry is certainly one of the positive aspects of Americo and a reason to have some trust with the company.

Currently, Americo is headquartered in Kansas Missouri and operates on the independent agent model.

This simply means that the agents that represent Americo, also represent dozens of other life insurance companies as well that they can offer and propose life insurance products to the consumer with.

In 2019, Americo is sitting on more than 600,000 total life insurance policies in force and has current assets sitting at 31 billion dollars.

Americo is known for a wide variety of products and currently shows strength in the term life insurance market as well as the final expense life insurance market.

This is one of the factors that makes Americo somewhat unique.

The fact that they tailor and are so well known in two different markets sets Americo apart from the competition.

Don’t be confused however, this doesn’t necessarily mean that they are the company you should choose.

Americo Financial Strength and BBB Rating

Americo is currently a life insurance company with a strong financial backbone.

In 2019, Americo is representing an A rating from A.M. best which is tasked with judging the financial strength of insurance companies across the globe.

To achieve these ratings, life insurance companies need to prove total assets, financial liquidity, and a strong financial outlook.

From this standpoint, Americo is certainly doing a great job.

Life Insurance Products Offered from Americo

Like stated previously, Americo is known for having a wide range of products to consumers and can tailor to several different markets.

Here’s the current product lineup with Americo Life.

  • Traditional Term Life Insurance
  • Final Expense Life Insurance
  • Medicare Supplements
  • Annuities
  • Mortgage Protection Insurance

Americo currently offers life insurance products that make the life of the consumer very easy to navigate.

Americo offers great no-exam policy options for coverage amounts up to 250,000 in coverage.

While some companies may offer more coverage in this situation, it’s still a great product to consider and gives you the option to undergo the pesky medical exam.

Additionally, Americo offers ROP term life insurance as well as accidental life insurance products that consumers can opt to purchase due to certain situations.

Americo Life insurance also offers other popular product options such as the following.

  • Universal Life Insurance
  • Indexed Universal Life Insurance
  • Whole Life Insurance

These products are good options but one area that Americo really stands out to the consumer is with their final expense life insurance lineup.

Americo Final Expense Life Insurance

Final Expense life insurance is a growing market that can help individuals over the age of 50 effectively cover and protect their loved ones and give them the ability to cover the end of life expenses.

Americo offers a good product for individuals searching for this form of life insurance.

Americo offers products that are both graded benefits (time frame and waiting period stipulations) and level benefits which means your coverage is full and in force from day 1.

While Americo doesn’t necessarily offer the cheapest final expense life insurance, they certainly offer a product that can tailor towards unique underwriting niches and provide your family with some financial security.

Advice: Compare Americo Life Insurance to Other Companies

At Spectrum Insurance Group, we don’t necessarily have anything bad to say about Americo Life Insurance.

They certainly have many positives and a unique range of products to consider.

However, we do believe that Americo is one of the more expensive products consumers can purchase and we always recommend considering all option before pulling the trigger.

Always be sure to work with an independent life insurance agent to ensure you are getting the best possible life insurance policy for your hard-earned dollars.