American Amicable vs. Securian Financial: Best Life Insurance Company in 2021

Comparing American Amicable vs. Securian Financial life insurance is like comparing local farm apples to supermarket apples. Securian Financial life insurance starts at $8/mo, while American Amicable life insurance starts at $12/mo. However, your rates will vary. Compare American Amicable vs. Securian Financial life insurance to secure an affordable premium and a reliable policy.

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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

  • American Amicable and Securian Financial life insurance have more than three life insurance policies
  • Minnesota Life Insurance Company is now a part of Securian Financial
  • Securian Financial life insurance has a stronger A.M. Best rating and cheaper life insurance rates

You want to compare American Amicable vs. Securian Financial life insurance quotes, but this may be challenging.

Don’t worry — our guide explains everything you need to know about term life and permanent life insurance policies at both companies.

Continue reading to compare American Amicable vs. Securian Financial life insurance rates, insurance products, and third-party ratings. Enter your ZIP code in the free quote tool above to compare the best companies near you.

American Amicable vs. Securian Financial Life Insurance: Which company has more life insurance policies?

Securian Financial has more life insurance policies. American Amicable products are more flexible than most companies’, but Securian Financial is more versatile.

Before choosing between American Amicable vs. Securian Financial life insurance, take a moment to review policy options at both companies to secure the policy you need.

Let’s compare American Amicable and Securian Financial policies to see which company has more coverage options.

American Amicable vs. Securian Financial Life Insurance Policies
American Amicable Life Insurance PoliciesSecurian Financial Life Insurance Policies
Whole Life InsuranceIndividual/Group Term Life Insurance
Term Life InsuranceIndividual/Group Universal Life Insurance
Universal Life InsuranceIndividual/Group Whole Life Insurance
Final Expense Burial InsuranceVariable Group Universal Life
(AD&D) Accidental Death and Dismemberment Insurance
Business Travel Accident Insurance
Critical Illness insurance
Accident insurance
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American Amicable has the bare essentials of reliable life insurance options, but Securian Financial (affiliated with Minnesota Life Insurance Company) provides more, giving you the chance to choose exactly what you want.

For more information about these companies, visit our American Amicable life insurance review and Minnesota Life insurance review.

Remember, Minnesota was purchased by Securian Financial, so the information about Securian can be found in that guide.

Read on to learn more about Securian Financial and American Amicable quotes.

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American Amicable vs. Securian Financial: How much are their life insurance rates?

American Amicable life insurance rates are private, which means you’ll have to go through an agent to get an accurate quote.

Securian Financial has a calculator on its website, allowing visitors to estimate the cost of life insurance premiums.

However, we managed to get our hands on some sample American Amicable life insurance rates. Let’s compare term life insurance rates from both companies to see which is cheapest.

American Amicable vs. Securian Financial 20-Year Term Average Monthly Life Insurance Rates by Age, Gender, and $100K Death Benefit
Age of Non-Smoking PolicyholdersAmerican Amicable Monthly Rates (Male)American Amicable Monthly Rates (Female)Securian Financial Monthly Rates (Male)Securian Financial Monthly Rates (Female)
25$14.67$11.88$8.71$8.10
30$14.40$12.15$8.81$8.21
35$15.57$13.41$9.12$8.31
40$19.98$16.20$11.04$9.83
45$27.99$21.06$15.80$13.27
50$39.06$28.08$22.17$17.31
55$57.51$38.61N/AN/A
60$88.47$59.40N/AN/A
65$136.80$100.17N/AN/A
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The Securian Financial life insurance company has more affordable premiums and more coverage options. Male policyholders at both companies pay more than females.

Meanwhile, older policyholders pay significantly more per month. Why? Older people have shorter life expectancies, so life insurance companies charge more to offset the risk.

Do American Amicable and Securian Financial have good financial strength ratings?

The answer is yes. According to A.M. Best, Securian Financial has an “A+,” and American Amicable has an “A.” Also, Securian Financial made J.D. Power‘s 2020 Life Insurance Customer Satisfaction Study.

American Amicable life insurance reviews aren’t listed under J.D. Power’s study. S&P, Moody’s, and Fitch’s all have Securian Financial reviews, but nothing for American Amicable.

When assessing the pros and cons of insurance companies, ratings are one of the critical factors. The lack of ratings for American Amicable lowers some customers’ confidence in the company.

How do I cancel an American Amicable or Securian Financial life insurance policy?

Any insurance policy will require you to call an agent to cancel. Most life insurance providers won’t allow you to cancel online.

Therefore, you’ll have to contact American Amicable or Securian Financial customer service and let them know that you want to cancel your insurance policy.

It may be better to pick a date rather than canceling immediately. This will give you time to reconsider or enough time to find another policy.

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Can I file an American Amicable or Securian Financial life insurance claim online?

The short answer is yes. One of the most frequently asked questions on search engines is how to file a claim online.

Securian Financial makes it easy for customers to file a claim online or check the status of an existing claim.

Visit the Securian Financial website and click the “Claims” link at the top right of the webpage. The link will take you to a menu where you can start a new claim or check a current claim.

American Amicable doesn’t offer that option on its website, but there are claims forms you can download to get the process started. To file a claim at American Amicable, contact American Amicable customer service for more details.

American Amicable vs. Securian Financial Life Insurance: What’s the bottom line?

So, should you buy American Amicable vs. Securian Financial life insurance?

Securian Financial is a much better company than American Amicable. It is more transparent with life insurance costs and financial strength ratings.

However, American Amicable does provide final expense burial insurance and reasonable prices.

Now that you’ve compared affordable American Amicable vs. Securian Financial life insurance, it’s time to compare more companies. Use our free online quote tool to secure a reliable life insurance policy from a company in your area.

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