The company known as American Amicable provides various forms of life insurance. Situated in Waco, Texas, this insurer has its main office. Operating since 1909, American Amicable has a long history and issued its initial life policy in 1910. As of 2010, the company has become a subsidiary of Industrial Alliance Insurance and Financial Services, Inc.
Are you interested in finding out if Amicable American is a legitimate life insurance provider? If so, I can help you by discussing its ratings and reviews, costs, and products.
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American Amicable Life Insurance Costs
Now that you have gained more knowledge regarding American Amicable life insurance, are you curious about its pricing?
We compared the rates for monthly premiums and immediate death benefits of $10,000 for senior life insurance with Amicable American and other carriers, and found that non-smokers and healthy individuals receive better rates.
|
Company |
50-year-old male non smoker |
50-year-old female non smoker |
60-year-old male non smoker |
60-year-old female non smoker |
70-year-old male non smoker |
70-year-old female non smoker |
|
American Amicable |
$32 |
$27 |
$47 |
$38 |
$79 |
$60 |
|
Liberty Bankers Life |
$31 |
$26 |
$46 |
$35 |
$73 |
$55 |
|
Mutual of Omaha |
$29 |
$25 |
$43 |
$33 |
$74 |
$53 |
Particularly with Mutual of Omaha, the greater amount of savings you can observe, the more advanced in age you are. American Amicable possesses slightly reduced rates compared to Liberty Bankers Life and Mutual of Omaha, as you can perceive.
Consider how long you could possess your life insurance policy, as the rates are close. Over a period of ten years or more, the accumulated savings could truly amount to substantial savings that you can utilize for other purposes.
If you have health issues including being overweight, you could potentially get a better rate with Bankers Liberty, which means they have generous underwriting guidelines. Additionally, if you want to cover your children or grandchildren, Life Bankers Liberty has a cheap rider that you can add, and it will also include an amicable American rival.
Similar to American Amicable, Mutual of Omaha provides a simplified issue and guaranteed issue alternative. It is among the most affordable companies for senior life insurance and provides coverage of up to $40,000 for funeral expenses.
Our goal is to provide you with peace of mind by making the process of life insurance easy and quick. Almost everyone ends up with an approved life insurance policy after making a call. We can help you find the best rate based on your coverage needs and health and age. Get ready to call us today and receive a quote for senior life insurance at Direct Expense Final.
American Amicable Life Insurance Final Expense Insurance
Amicable American offers three final options for senior life insurance expenses. Although there is no medical exam, there are 8 health questions to answer on the application.
If you respond affirmatively to any of the initial three questions, you will not qualify for American Amicable Senior Choice plans. The product that you qualify for will depend on your responses to the yes or no inquiries.
American Amicable Senior Choice Immediate Death Benefit
The Senior Amicable American Choice policy is available to all seniors who can answer all 8 health questions on the application, with no serious health concerns and immediate benefit upon death.
Highlights:…
American Amicable Senior Choice Graded Death Benefit
Seniors who answer affirmatively to the final inquiry on the application can only receive the death benefit of the American Amicable Senior Choice graded whole life policy if their demise occurs within the initial two years of the policy.
Highlights:…
American Amicable Senior Choice Return of Premium Benefit
The American Amicable Senior Choice return of premium benefit whole life policy is applicable for senior individuals who respond negatively to the initial three inquiries but affirmatively to questions 4 through 7.
Highlights:…
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Final expense.
American Amicable Life Insurance Funeral Insurance
Prior to purchasing funeral insurance from American Amicable life insurance, take into account the inquiries stated on the application.
If you respond affirmatively to any of these inquiries, your request will be rejected.
Are you currently hospitalized, confined to a bed, wheelchair, or nursing home due to a chronic illness, using oxygen, receiving care at home or in a hospice, experiencing an amputation caused by a disease, have any type of cancer other than basal cell skin cancer, or in need of assistance with Activities of Daily Living (ADL)?
Have you been diagnosed with a terminal illness or end-stage disease, mental incapacity, respiratory or liver failure, ALS, dementia, Alzheimer’s, congestive heart failure, kidney dialysis, or medically advised for an organ transplant in the last year?
Have you ever been diagnosed or treated for AIDS, HIV, AIDS-related complex, or any other condition that compromises the immune system?
If you have any of these health conditions, saying yes will qualify you for return of premium coverage.
Have you ever been medically diagnosed or treated for diabetes, kidney failure, kidney insufficiency, renal disease, chronic kidney disease, diabetic coma, diabetic neuropathy, retinopathy, or any other complications of diabetes, before the age of 50, requiring insulin or lifelong management?
In the past two years, you have not received medical treatment or undergone surgery for counseling or treatment advised for excessive alcohol or drug use, circulatory or brain issues such as an aneurysm or heart attack, or chronic respiratory conditions like bronchitis, emphysema, or COPD. Furthermore, you have not been diagnosed or received medical attention for chronic pancreatitis or hepatitis, cirrhosis, cardiomyopathy, systemic lupus, stroke, or angina.
American Amicable Life Insurance For Seniors
The policy offered by Choice Senior Solutions Golden Amicable American is a life insurance for seniors aged 85 to 50, where the premiums pay out either upon reaching the age of 110 or upon death.
In case of emergencies and other urgent requirements, you have the ability to utilize the accumulated cash value of the Senior Choice whole life policy over time and secure your rate, similar to other life insurance policies designed for seniors.
American Amicable Life Insurance Burial Insurance
American Amicable offers burial insurance life insurance for seniors with Final expense. needs. However, not everyone will qualify. To get a quote from American Amicable, you have to call them directly or fill out a form online and have an agent call you.
We work with a broker, Direct Expense Final Company, that has a long list of excellent insurance companies for burial. This means that we only work with one company, making us a captive agency. We have amicable American agents working with us.
Why does it matter if you work with a captive agent or a broker, when you can get quotes from multiple companies with just one agent?
In order to compare with the quote you receive from American Amicable, obtain quotes from other sources to determine if you can secure a more advantageous offer; this is the sole method by which you will be able to ascertain.
American Amicable Life Insurance Products
American Amicable offers a selection of three life insurance options: term, universal, and whole life.
American Amicable’s Simple Made Term life insurance policy offers the option to convert term policies, which range in coverage from $250,000. You can also choose a premium return option on the 30-year and 20-year term policies. Additionally, there is no medical exam required for the 30-year, 20-year, or 10-year term policies.
The policy comes with terminal illness coverage, ensuring that riders are protected and free from any financial burden. This policy can be issued to individuals as old as 75-years-old, with a maximum coverage of $300,000. Additionally, the insurer also offers a Life Universal Simple option, which does not require a medical exam.
American Amicable Life Insurance Reviews and Ratings
If you decide that you want to buy life insurance from American Amicable company, they can help you by checking third-party ratings and customer reviews. Customers who are happy are much more likely to create an online review than unhappy customers, so keep that in mind.
American Amicable Life Insurance Reviews and Ratings: BBB
American Amicable Life Insurance Company of Texas has been accredited and holds an A+ rating with the Better Business Bureau (BBB) since 2011. Despite being a large insurer, it has received a relatively small number of complaints filed with the BBB over the past 3 years, amounting to 28. Out of these 28 complaints, 15 have been resolved in the last year.
In regards to life insurance, an excessive amount of phone calls and dissatisfaction with agents are primarily the reasons for receiving low ratings. American Amicable has a BBB rating of 2.81 out of 5 stars based on 16 customer reviews.
American Amicable Life Insurance Reviews and Ratings: Yelp
Yelp has 8 reviews for Amicable American life insurance with a 2-star rating. Most complaints are about young members taking advantage of high surrender charges and fees, but there are also 2 positive reviews. However, there are at least 2 reviews from customers who received a different type of product than they were expecting.
American Amicable Life Insurance Reviews and Ratings: Google
There are 64 reviews on Google, with some customers being satisfied with the service provided by Amicable American, while giving it 2.7 out of 5 stars. However, many customers complain about the long processing times and the inability to get their claims processed, as well as the higher prices quoted for policies compared to other providers.
American Amicable AM Best Rating
This financial strength rating demonstrates that Amicable American, the carrier, has an outstanding ability to meet its financial obligations, including paying life insurance claims. Amicable American is rated A by Best AM.
American Amicable Life Insurance NAIC Complaint Index
The National Association of Insurance Commissioners’ Complaint Index shows how many complaints a life insurance company receives compared to Amicable’s American Insurance Company, which gets over two times the number of complaints as other competitors in the industry.
While a few individuals may appear content with American Amicable, the vast majority have valid grounds for worry.
Conclusion
While American Amicable has a longstanding reputation in the life insurance industry, its reviews and ratings suggest there may be better options out there. If you’re looking for the best Final expense. life insurance for seniors at a great rate, contact Final Expense Direct. We work with a long list of the best Final expense. life insurance companies in the industry, helping people just like you get the best rates for senior life insurance.
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