Americo Life Insurance Review

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Americo Life Insurance

Overall Rating


Bottom Line

Americo Insurance uses a network of independent agents across the country to sell and service their life insurance policies. However, they also use online applications to expedite the process.


  • Available Nationwide
  • Financial Stability
  • Variety of Coverage Options


  • No Sample Quotes
  • Smaller Company



Coverage Options


Financial Strength


Sample Quotes


No one is ever ready for someone they love to pass. But that doesn’t mean that you shouldn’t prepare financially.

Life insurance is an often-overlooked financial product. It is meant to cover any expenses that would become vulnerable if a breadwinner passes away. The company you choose to purchase your life insurance through matters, so it’s important that you do your research up front.

While they don’t advertise as heavily as some of their competitors, Americo Financial Life & Annuity is a life insurance company that holds a tremendous market share. If you’re looking for term or permanent life insurance, it is important that you consider them in your search.

Check out our review of Americo to find out if they are the best option for you.

About Americo Life Insurance

Americo is a life insurance company with a long history in the industry. They were founded in 1906 as College Life Insurance Company, but they eventually changed their name to Americo Financial Life & Annuity to become more identifiable with their parent company, Americo Life Inc.

Americo uses a network of independent agents across the country to sell and service their life insurance policies. However, they also use online applications to expedite the process. Americo also houses over 350 associates in their headquarters in Kansas City, MO.

To date, Americo has more than $6 billion in assets and over 650,000 written policies.

Financial Ratings

Financial ratings are useful in deciphering an insurance company’s financial standings and stability. It’s important to check with major insurance rating bureaus to determine a company’s financial outlook.

A.M. Best is a global insurance rating bureau that focuses on financial security and overall outlook. They are a great organization to look at if you want to know how strong a company is financially. A.M. Best also rates companies based on their ability to pay claims.

Americo has an A-Excellent rating with A.M. Best, which indicates that they have a strong financial outlook and are capable of paying claims.

Another organization to check for ratings is the Better Business Bureau. The Better Business Bureau, or the BBB, focuses on a company’s relationship with its customers. A BBB rating can give you an idea of how a company handles disputes with its customers.

Americo Financial Life & Annuity does not have a BBB rating, but their parent company does. Americo Life Inc. has a B- rating. This is slightly lower than ideal due to some unresolved complaints regarding customer service and claims.

Life Insurance Products Offered

Many people don’t know where to start when it comes to shopping for life insurance. The best place to start is to figure out what type of insurance product you need. This usually means understanding what you would like your policy to cover and for how long.

Luckily, Americo has a variety of life insurance products to choose from. They also allow you to customize your policies with various riders. No matter what your situation is, the odds are that Americo has a policy to meet your needs.

Here are the life insurance products offered by Americo:

Term Life

Term life insurance is the most popular type of life insurance. It provides coverage for a specific period of time, known as a term. If the insured does not pass away during the term, the policy will lapse or can be converted to a permanent policy.

If you are interested in lower rates or believe that your need for life insurance will expire, term life insurance is a good option. Americo has several different term life insurance policies to choose from.

HSM Plus 125 CBO

The first term life policy offered by Americo is their HSM Plus 125 CBO product. This policy offers term options of 15, 20, 25, 30 years as well as a cashback option at end of term. This means that the accumulated value of your premium payments will be paid back to you at the end of the term. This is pretty unique for a term life policy.

The Plus 125 includes an accidental death benefit rider, which will pay out your death benefit if you pass away as a result of an accident. It offers coverage from $25,000 to $400,000, and the age range for this product can change with coverage amounts. An Americo agent can discuss your options with you.

HSM Plus 100 CBO

Another term life product offered by Americo is the HSM Plus 100 CBO. It is exactly the same as the Pluss 125 with the exception of the accidental death benefit rider. This means that the premiums will be slightly lower without the additional coverage.

HSM Plus ADB with ROP

The final term product offered by Americo is the HMS Plus ADB with ROP. This product only offers one term option of 30 years. If you don’t pass away by the end of the term, all of your premiums will be paid back to you.

This product also includes accidental death benefit rider, but you cannot purchase other riders like you can with the other two term products. It offers coverage from $25,000 to $400,000, and it is only available to insureds between ages 20 and 50.

Whole Life

Whole life coverage stays in place for an insured’s entire life. As long as you continue to make your premium payments, your beneficiary will receive a death benefit.

This type of policy is more expensive than a term life policy, because the company is guaranteed to pay a death benefit. However, this may be necessary if you would like to cover estate planning or have a simplified transfer of wealth. Be sure to discuss your coverage options with an Americo agent to find out how much you qualify for.

Mortgage Protection

Mortgage protection insurance is exactly what it sounds like; it will cover the cost of your mortgage when your financial stability is in question.

The concept of mortgage protection insurance is relatively straightforward. Premiums are paid throughout the life of the mortgage, and the policy will typically cover the remaining amount on your mortgage.

If someone in your household passes away or you become disabled and unable to work, mortgage protection insurance can ensure that you don’t lose your home.

Final Expense

Finally, Americo offers final expense insurance, which is coverage that covers costs associated with a funeral and burial.

This coverage is meant to take the pressure off of loved ones during a difficult time of dealing with a loss. There are no restrictions on how the funds are used, so the beneficiary can use them as they please.

Americo offers two final expense products: Eagle Premier and Eagle Guaranteed.

Eagle Premier

The Eagle Premier product is the more sophisticated of the two. This is because coverage can be paid in full from day one. Coverage options for final expense insurance are typically pretty low. In the case of Eagle Premier, the coverage maximum is $30,000.

Eagle Premier is available to applicants from 50 to 80 years old. Acceptance is not guaranteed, but you can apply easily over the phone or online. You can also purchase additional riders if you would like to customize your coverage further.

Eagle Guaranteed

The Eagle Guaranteed product is more ideal for higher risk insureds because it is guaranteed acceptance.

Much like Eagle Premier, Eagle Guaranteed is also available to applicants from 50 to 80 years old and involves an online or phone application.

Eagle Guaranteed coverage is much lower than Premier with a maximum of $10,000. Coverage is also graded, which means that if you die within the first three years of your policy, you will only get a portion of your death benefit.

Here is a breakdown of the coverage grading with Eagle Guaranteed:

  • Year one: return of premium plus 5% of the death benefit
  • Year two: return of premium plus 10% of the death benefit
  • Year three: return of premium plus 75% of the death benefit
  • Year four and over: 100% of the death benefit

Americo Quotes

Everyone is interested in one thing when it comes to life insurance: how do I get the best rate?

While some insurance companies offer sample rates, Americo keeps their cards close to their chest in this regard. They do not disclose rates online, and you will need to talk with an agent to learn what sort of rates you qualify for.

Despite this, there are some overall basics to know when it comes to how life insurance companies price their policies.

Insurance companies underwrite based on individual circumstances, and there are several factors that can influence your rates. The most important factors are your medical background, your demographic, your occupation, and your lifestyle.

Medical Background

Your personal health and your family medical history have the most drastic effect on your rates. This is why many companies require a medical exam before issuing a policy. Personal or familial history of certain diseases can ping an underwriter that you present a possible risk and raise your rates. It’s best to stick to a healthy lifestyle and manage existing illnesses to help keep your rates in line.


Your demographic information can also influence your life insurance rates. Information such as your age, gender, income, and even state of residence can inform how an underwriter prices your policy.


Occupation is another important factor in life insurance rates. High risk or high-stress jobs can raise your rates. Anything that could possibly impede a healthy lifestyle, such as working in a warehouse or driving rigs, could cause an underwriter to give you a higher rate.


Finally, underwriters are interested in what kind of lifestyle you lead. Your day-to-day activities can tell a lot about who you are and how well you take care of yourself. If you have any high-risk hobbies, such as scuba diving or skydiving, this can raise your rates.

Customer Support

Americo has a network of independent agents, so you will mostly work with your insurance agent to hash out the details of your policy. But this doesn’t mean that you are out of luck once they leave the office. With over 350 associates at their headquarters, Americo can assist customers whenever they need.

Customers can find basic information, such as details about products and ways to access agents on Americo’s site. They also have an online application that can be accessed through the site.

If you can’t find what you need on the website, you can reach out to Americo’s customer support team. The customer support team can be reached by phone (888.220.7074) or email ( ) during normal business hours.

Pros and Cons

It’s good to understand the good and the bad of an insurance company before you commit to buying your life insurance from them. Here are some of the pros and cons of Americo.


  • Available nationwide: Americo has a network of insurance agents across the US, which means that you can access them no matter where you live. Some insurance companies aren’t available in some states, but Americo has agents all across the map.
  • Variety of coverages: Some life insurance companies only offer a few types of life insurance. Americo has a diverse range of products, including affordable options. This means that you can almost certainly find a policy that meets your needs.
  • Financial stability: Knowing that your life insurance company isn’t going anywhere is important. According to insurance rating bureaus like A.M. Best, Americo is going to be around for a long time.


  • No sample quotes: It’s hard to compare prices when you don’t have a basic understanding of rates. Without sample quotes, Americo limits its ability to prove their value among life insurance customers.
  • Smaller company: Some people like the security of knowing that their life insurance company has large market share. Americo is a smaller insurer and has even lost some market share since 2016, so they may not be the right choice for everyone.
  • Longer graded period: Most insurance companies have a graded period of two years, whereas Americo has a graded period of three. This means that it could take you longer to qualify for a full benefit than it would elsewhere.

Alternatives to Americo

Life insurance isn’t a one size fits all, so it’s important to shop around. If you are interested in Americo, here are some other life insurance companies to consider.


Some parents like the idea of getting a life insurance policy for their children. It is a good way to ensure a stable rate for life and teach them the importance of financial planning. If this sounds like you, you should check out Gerber Life.

From the namesake baby food brand, Gerber Life Insurance company offers life insurance products to children and adults of all ages. You can choose between term, whole, and young adult life insurance. They even have a product that can help you save for your child’s college expenses.

Learn More: Read our full Gerber Life Insurance Review.

American National

If you are looking to opt-out of a medical exam, American National can offer you some of the best rates on the market.

American National, also known as ANICO, offers various term, whole, and universal life products. They are best known for their no-exam term life policy. Their accelerated underwriting system allows you to skip the medical exam to expedite the process. This is great for anyone that would rather keep their medical history out of the hands of an underwriter.

Learn More: Read our full American National Life Insurance Review.

Is Americo Life Insurance For You?

Having been in the business for over 100 years, Americo is considered a reputable and stable life insurance company. Even though they aren’t as well known, they have a stake in the ground when it comes to life insurance offerings.

Understanding your options is important to the life insurance shopping process. Be sure to have a clear understanding of what you’re looking for and what companies specialize in that policy. This can help you pay the lowest rate on life insurance for years to come.

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