About Americo Financial Insurance Company
For over 90 years, Americo Life, Inc. and its family of insurance companies have been committed to providing the insurance and financial products you need for your mortgage, family, and future.
We listen to what you want from an insurance policy or annuity and do our best to provide the ideal solution for your situation.
Innovative thinking has helped us build a strong financial foundation for our business.
Today, Americo Life, Inc., our holding company, 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.
Another reason to take Americo Life Insurance Co. seriously.
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
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
- 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.
Here’s a look at it.
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.
Americo is Well Known but Better Options Are Available
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 policy for your hard earned dollars.
Spectrum Insurance Group is made up of professional life insurance agents who are licensed in all 50 states and the District of Columbia. Spectrum Insurance Group has helped 1000’s of people purchase life insurance online & over the phone.
All content on this site has been written by life insurance experts & licensed life insurance agents.