American Amicable vs. SBLI: Best Life Insurance Company in 2021

When comparing the American Amicable vs. SBLI life insurance rates, SBLI is consistently cheaper with rates starting under $9/month. The SBLI and American Amicable financial strength ratings via A.M. Best suggest that both companies are in good standing. The American Amicable vs. SBLI life insurance policy options are similar, with American Amicable offering greater flexibility.

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Jul 19, 2021

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Quick Facts

  • The American Amicable vs. SBLI financial strength ratings from A.M. Best are identical (A-)
  • SBLI consistently provides cheaper term life insurance to healthy adults
  • American Amicable and SBLI both offer term and whole life insurance policies

Looking for the best term life insurance quotes? Consider comparing smaller life insurance companies like American Amicable vs. SBLI. Both companies specialize in life insurance with over 100 years of operation.

To help you learn more about American Amicable and SBLI, we’ll highlight each company’s term life insurance rates, financial strength ratings, customer reviews, and more.

Ready to start comparing American Amicable vs. SBLI? Don’t forget to compare rates from other top insurance providers using our free quote tool above.

American Amicable vs. SBLI: What is the most reliable life insurance company?

American Amicable and SBLI are both considered lesser-known life insurance providers despite success from each. With larger companies like State Farm and Prudential leading the way, it’s easy to overlook smaller life insurance providers.

Is American Amicable legit? With over 100 years of service, the Texas-based company has a strong history of providing life insurance policies out of the iconic ALICO building.

Is SBLI good life insurance? SBLI, or Savings Bank Life Insurance, has also operated since the early 1900s while providing financial security to over one million families.

Both American Amicable and SBLI specialize in providing life insurance policies. How can you choose between American Amicable vs. SBLI life insurance? Let’s take a look at each company’s rates to start.

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American Amicable vs. SBLI: Which life insurance company is the cheapest?

Purchasing life insurance often requires a long-term commitment of at least 10 years. This means you’ll be agreeing to pay for something you might not technically use for quite some time, if at all.

For that reason alone, it’s important to get the best rates. Can you find affordable American Amicable vs. SBLI life insurance rates?

Sample American Amicable Life Insurance Average Monthly Rates by Age, Gender, and Coverage
Gender and CoverageAge 25 Average Monthly Rates Age 35 Average Monthly Rates Age 45 Average Monthly Rates Age 55 Average Monthly Rates
$100,000: 20-Year Term (Male)$14.67$15.57$27.99$57.51
$100,000: 20-Year Term (Female)$11.88$13.41$21.06$38.61
$250,000: 20-Year Term (Male)$25.65$29.25$59.85$132.75
$250,000: 20-Year Term (Female)$17.78$23.85$42.98$84.83
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American Amicable life insurance rates are affordable for younger adults, especially females. As always, life insurance rates increase for males and with age.

It does appear that American Amicable increases rates significantly for older adults.

Sample SBLI Life Insurance Average Monthly Rates by Age, Gender, and Coverage
Gender and CoverageAge 25 Average Monthly Rates Age 35 Average Monthly Rates Age 45 Average Monthly Rates Age 55 Average Monthly Rates
$100,000: 20-Year Term (Male)$9.50$9.72$17.14$36.31
$100,000: 20-Year Term (Female)$8.67$9.07$14.05$26.76
$250,000: 20-Year Term (Male)$12.80$14.75$27.78$79.76
$250,000: 20-Year Term (Female)$11.24$11.94$22.40$51.65
$500,000: 20-Year Term (Male)$19.53$22.68$48.58$151.09
$500,000: 20-Year Term (Female)$16.32$17.88$38.46$93.13
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SBLI life insurance rates are even more affordable to start. Young women can find rates under $9/month which is a few dollars per month cheaper than American Amicable.

Rates are more expensive for males and older adults with SBLI too. How is my term life insurance rate determined? Age and gender are a couple of factors that determine your life insurance rates.

Average American Amicable vs. SBLI Monthly Life Insurance Rates by Age, Gender, and Term Length for $250,000
Age and Gender10-Year Term (American Amicable) Average Monthly Rates10-Year Term (SLBI) Average Monthly Rates20-Year Term (American Amicable) Average Monthly Rates20-Year Term (SLBI) Average Monthly Rates
25 - Male$22.50$9.96$25.65$12.80
25 - Female$16.43$8.61$17.78$11.24
35 - Male$22.73$10.83$29.25$14.75
35 - Female$19.13$8.98$23.85$11.94
45 - Male$37.80$16.81$59.85$27.78
45 - Female$28.35$15.15$42.98$22.40
55 - Male$78.30$40.50$132.75$79.76
55 - Female $54.00$30.87$84.83$51.65
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For $250,000 worth of coverage, you can expect to pay nearly twice as much for American Amicable life insurance compared to SBLI life insurance.

Healthy, non-smoking adults would almost certainly pay cheaper rates with SBLI than American Amicable.

While the American Amicable vs. SBLI life insurance rates clearly show that SBLI is superior when it comes to cheap rates, this shouldn’t be your only focus when looking to buy life insurance.

Can you rely on both companies when the time to pay your death benefit comes?

American Amicable vs. SBLI: Which company has better reviews?

Before you decide to buy American Amicable vs. SBLI life insurance, you’ll want to know that they are financially stable and trustworthy so that your beneficiaries are provided the death benefit you’ve paid for.

Financial strength ratings help give us an idea of how stable a company is so we know whether they will be able to afford to pay our beneficiaries up to $500,000, depending on your policy.

Ratings Comparison for American Amicable vs. SBLI
Ratings AgencyAmerican Amicable RatingSBLI Rating
A.M. BestA-A-
Better Business Bureau (BBB)A+A+
Fitch's RatingsN/AA-
Standard & Poor's (S&P)N/AA-
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American Amicable and SBLI both have limitations on the number of ratings available. For example, neither company shows up on J.D. Power consumer satisfaction reports.

According to A.M. Best, SBLI and American Amicable are both financially stable companies but neither is considered superior. Each company holds an “A-” financial strength rating which is enough to provide comfort for policyholders.

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American Amicable has yet to be rated by other top rating agencies like Moody’s, Fitch, or S&P. Saving Bank Life Insurance reviews & complaints are more readily available than American Amicable’s.

Finding an American Amicable rating can be especially challenging.

Our American Amicable Life Insurance Company review helps break down more of the customer reviews and complaints. Each company is highly rated by the Better Business Bureau, though SBLI has better reviews from customers overall.

In short, SBLI and American Amicable share similar financial strength ratings while SBLI insurance reviews suggest superior customer satisfaction.

American Amicable vs. SBLI: What are the pros and cons?

When shopping for American Amicable vs. SBLI life insurance policies, you’ll find that each company offers term and whole life insurance options. What is SBLI term life insurance?

Term life insurance is the most popular life insurance option because it is typically the cheapest on a month-to-month basis. With term life insurance, you agree to pay a specific amount for a time frame of 10, 20, or 30 years.

Permanent life insurance includes both whole and universal life insurance options. In this case, SBLI offers whole life insurance while American Amicable products include both whole and universal life insurance.

Universal life insurance is designed to build cash value like whole life insurance but with more flexibility on payments. You can call the American Amicable phone number at 800-736-7311 to learn more.

Both companies also offer burial insurance which could be the cheapest option while providing the smallest death benefit. This is typically used to cover funeral costs.

What are the key takeaways when comparing American Amicable vs. SBLI life insurance company details?

Pros

  • Strong Financial Ratings (Both Companies)
  • Cheap Final Expense Insurance (Both Companies)
  • Affordable Rates (SBLI)

Cons

  • Poor Customer Service Ratings (American Amicable)
  • Expensive Rates (American Amicable)
  • Limited Policy Options (SBLI)

Choosing the right life insurance policy takes time. You’ll want to find an affordable policy with a reliable provider to be sure you’re beneficiaries are covered.

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American Amicable vs. SBLI: The Bottom Line

American Amicable and SBLI might be smaller life insurance companies, but each has a long history of operation. SBLI tends to have cheaper policies while maintaining strong financial ratings.

Excited about comparing American Amicable vs. SBLI life insurance quotes? Get instant rates from other top companies using our free quote tool below.

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