Consistently one of the better life insurance companies intended for no exam policies each year here recently, Americo is a quite established company offering a variety of insurance products. Although not only a heavily branded and advertised company, don’t let that fool you; they use a huge market share. This Americo Financial Life and Annuity Insurance Company review showcases one of the best life insurance companies in the U.S., and is our opinion.
Our Americo Financial Life and Annuity Insurance Company Review
Started more when compared to a century ago, Americo is a small grouping of life insurance companies by acquisition. As the corporation expands, with its core companies having inceptions as far back as 1909, it continues to set value to its consumers in the forms of product, service, and innovation.
The carrier, based out of Kansas, Missouri, caters to independent agents who offer their products nationwide. The amount of policies currently in force has hit an astounding 640, 000 with a value greater than $31 billion, and assets totaling over $6 billion within the organization itself. While much associated with its growth has occur through acquisitions, Americo continues to grow by having products for just about any niche market.
Americo also holds an “A” rating by a. M. Best, one with the premiere rating agencies. It could be noted Americo was also ranked previously by Moody’s by having an “A3” before it had been withdrawn. Great ratings by the two of these top rating agencies tend due to solvent financial records, large admitted assets, and a portfolio greater than 95% safely backed resources.
Perhaps one of the important thing indicators of the creativity standards of Americo is its products of simplified issue term life insurance. Americo offers as much as a quarter million dollars within death benefit without even going through an exam, and other term policies with as high as $400, 000 in protection.
There are also solutions for universal, indexed universal and whole life insurance. This wide variety allows any consumer in order to meet virtually any need under $500, 000. All policies are established with a guarantee period, meaning so long as you pay your premiums, Americo will honor the promise set forth in the policy contract.
They even boast a variety of riders not typically available with other insurance coverage companies. For example, a refund of top quality (cash back option) should you outlive your term plan, and additional death benefit payouts for death brought on by certain types of injuries.
Last, Americo has any suite of annuities and financial planning tools intended for retirement, wealth transfer and estate planning, and a lot more.
Americo In A Nutshell
Americo Financial Life (and their acquisitions) may well not have a massive brand including MetLife, New York Life, or Prudential, but they’ve staked their claim to sectors with the market and established themselves as a highly reputable company here to keep.
As noted, you’ll need to work with an independent life insurance agent to have Americo.
|Company Name (and Subsidiaries)||Americo Life, Inc.
Americo Financial Life and Annuity Insurance Company
The Ohio State Life Insurance Company
Great Southern Life Insurance Company
United Fidelity Life Insurance Company
Financial Assurance Life Insurance Company
National Farmers Union Life Insurance Company
Investors Life Insurance Company of North America
|Company Ratings||A.M. Best (A)
Moody’s Investors Services (n/a)
Standard & Poor’s (n/a)
|Headquarters (Address, Phone, Web)||P.O. Box 410288
Kansas City, MO 64141-0288
|Policy Types Available||Term