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

A comparison of American Amicable vs. Transamerica life insurance rates shows that Transamerica consistently offers cheaper term life insurance. The American Amicable and Transamerica burial insurance rates are comparable, with Transamerica being slightly cheaper. Financial strength ratings for Transamerica and American Amicable suggest both companies are in good financial standing.

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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: May 26, 2021

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Quick Facts

  • The American Amicable vs. Transamerica life insurance rate comparison comes out strongly in favor of Transamerica for term life insurance
  • Both insurers have strong financial ratings, with Transamerica being rated superior by A.M. Best
  • American Amicable and Transamerica burial insurance is the most affordable policy option

Finding the best term life insurance quotes often involves researching and comparing unfamiliar life insurance providers, like American Amicable vs. Transamerica.

To make matters easier, we’ll simplify and compare each company’s term life insurance rates, financial strength ratings, reviews, policy options, and more.

Comparing companies like American Amicable vs. Transamerica can save you money. See which other top providers can give you great rates using our free quote tool above.

American Amicable vs. Transamerica: Which life insurance company is the best?

American Amicable and Transamerica are both smaller life insurance providers that seem to be growing in popularity.

American Amicable is a provider that focuses solely on life insurance products. Is American Amicable legit?

Operating for more than 100 years, American Amicable appears to be a trustworthy insurer that provides common life insurance products.

Is Transamerica a good life insurance company? While Transamerica doesn’t have American Amicable’s long history, it does offer an assortment of insurance and wealth management solutions.

Which is the most reliable life insurance company when comparing American Amicable vs. Transamerica? We’ll start by comparing each company’s life insurance rates.

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American Amicable vs. Transamerica: Which company has the cheapest life insurance?

For most people, life insurance rates are the primary factor that persuades them to buy a life insurance policy from a specific company.

Here, we’ll compare American Amicable vs. Transamerica life insurance rates for different policies and demographics.

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’s life insurance rates start around $13 per month and increase as age and policy coverage amounts increase. Males can expect to pay a bit more than females with any life insurance company, including American Amicable.

Sample Transamerica 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)$13.50$13.07$19.87$40.85
$100,000: 20-Year Term (Female)$10.06$11.87$17.72$33.71
$250,000: 20-Year Term (Male)$13.98$19.14$35.26$78.05
$250,000: 20-Year Term (Female)$11.40$17.20$28.60$65.15
$500,000: 20-Year Term (Male)$23.22$30.10$62.35$147.49
$500,000: 20-Year Term (Female)$16.77$26.23$49.45$116.96
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Transamerica also shows increases in life insurance rates for older adults and with greater coverage amounts; however, its rates start closer to $12 per month.

Average American Amicable vs. Transamerica 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 (Transamerica) Average Monthly Rates20-Year Term (American Amicable) Average Monthly Rates20-Year Term (Transamerica) Average Monthly Rates
25 - Male$22.50$12.90$25.65$13.98
25 - Female$16.43$10.11$17.78$11.40
35 - Male$22.73$12.47$29.25$19.14
35 - Female$19.13$11.40$23.85$17.20
45 - Male$37.80$21.93$59.85$35.26
45 - Female$28.35$18.06$42.98$28.60
55 - Male$78.30$50.53$132.75$78.05
55 - Female $54.00$40.21$84.83$65.15
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When comparing American Amicable vs. Transamerica life insurance quotes, you’ll see that Transamerica tends to be the cheaper of the two companies.

For younger adults, both male and female, Transamerica is substantially cheaper than American Amicable. The gap is less noticeable for older adults although it is still significant.

For those looking for the most affordable American Amicable vs. Transamerica life insurance policy, burial insurance could be a suitable option. Both American Amicable and Transamerica offer burial insurance at reasonable rates.

Who has the best final expense insurance? You’ll learn more by comparing Transamerica and American Amicable’s final expense rates below.

Average American Amicable vs. Transamerica Average Monthly Burial Insurance Rates by Age, Gender, and Coverage Amount
Age and Gender$10,000 (American Amicable) Average Monthly Rates$10,000 (Transamerica) Average Monthly Rates$20,000 (American Amicable) Average Monthly Rates$20,000 (Transamerica) Average Monthly Rates
60 - Male$45.76$43.81$88.88$84.05
60 - Female$37.22$33.72$71.81$63.87
65 - Male$58.08$56.53$113.52$109.48
65 - Female$45.76$41.62$88.88$79.68
70 - Male$76.57$74.66$150.50$145.74
70 - Female$58.70$53.99$114.75$104.41
75 - Male$104.94$100.03$207.24$196.49
75 - Female $79.42$72.89$156.20$142.21
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Since the prices appear to be comparable between the two companies, it might be worthwhile to spend more time on an American Amicable burial insurance review.

Compare it to Transamerica life insurance reviews to see if this company offers anything special that Transamerica does not.

If you’re looking to make a choice between American Amicable vs. Transamerica life insurance solely based on price, your best bet would probably be Transamerica.

While price is important, you’ll want to be sure you can trust your insurance provider. So which company has better financial and customer service ratings?

American Amicable vs. Transamerica: Which company has better ratings?

We know that price is important, but just because you get cheap rates doesn’t mean that the insurer has your best interest in mind. It’s valuable to also look into a company’s financial stability and its reputation with customers.

See below for American Amicable ratings and Transamerica ratings stacked up against other companies.

Ratings Comparison for American Amicable vs. Transamerica
Ratings AgencyAmerican Amicable RatingTransamerica 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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Since American Amicable is a smaller company, there are limited ratings from top agencies. It could help to browse through a comprehensive American Amicable life insurance company review to get more information.

Even with limitations, we can note that A.M. Best rated American Amicable as the inferior option when comparing American Amicable vs. Transamerica.

Both companies do appear to be in a financially stable position. What does the Better Business Bureau (BBB) have to say?

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The BBB has rated American Amicable slightly higher than Transamerica based on customer communication and satisfaction. However, both companies have strong ratings.

Even so, customer reviews through the BBB aren’t particularly strong for either company. You may not have as much luck calling the American Amicable phone number as you will resolving complaints through the BBB.

Overall, it appears that Transamerica may have slightly better financial ratings, while the BBB ratings suggest you might get a better customer experience with American Amicable.

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

Comparing life insurance companies might seem tedious but it’s an important step in protecting your assets and family. Each company has something different to offer prospective policyholders.

As for the Transamerica and American Amicable products, you’ll be able to purchase term life insurance, whole life insurance, universal life insurance, and burial insurance or final expense insurance from either company.

Transamerica offers even more options, including annuities. Annuities are somewhat like life insurance policies but with a greater emphasis on savings.

Transamerica long-term care insurance is another option that American Amicable doesn’t offer.

With so much to consider, let’s quickly highlight the pros and cons of this American Amicable vs. Transamerica life insurance company comparison.

Pros

  • Strong financial ratings (both companies – edge to Transamerica)
  • Cheap final expense insurance (both companies – edge to Transamerica)
  • Affordable term life insurance (Transamerica)

Cons

  • Subpar customer reviews (both companies)
  • Expensive term life insurance rates (American Amicable)
  • No mobile app (American Amicable)

Knowing the pros and cons should help you make an informed decision between American Amicable vs. Transamerica life insurance.

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American Amicable vs. Transamerica: The Bottom Line

So should you buy American Amicable vs. Transamerica life insurance?

Although neither company is well-known for a large market share or flashy ad campaigns, both American Amicable and Transamerica can be useful life insurance companies for a variety of policyholders.

Before you compare your American Amicable vs. Transamerica life insurance quotes, don’t forget to shop rates from other top companies. Use our free quote tool below to get personalized rates in minutes.

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