Americo Financial Life & Annuity Life Insurance Review [2021]

Americo Financial Life and Annuity sells life insurance, supplemental medicare products, retirement resources, and vision insurance. Americo Financial Life and Annuity life insurance rates start at $19.95 per month for healthy 25-year-olds, and the company is licensed to sell life insurance in every state besides New York. Americo received an A (Excellent) financial outlook from A.M. Best and an A+ rating from the Better Business Bureau.

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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

  • Americo Financial Life and Annuity sells life insurance, supplemental medicare products, retirement resources, and vision insurance
  • Rates for Americo 20-year term life insurance start at $19.95 for healthy 25-year-olds of any gender
  • Americo is licensed to sell life insurance in every state besides New York

Headquartered in Kansas City, Missouri, the history of Americo Financial Life and Annuity goes back 100 years.

Americo sells life insurance, supplemental medicare products, retirement resources, and vision insurance.

You can get Americo Financial Life and Annuity life insurance quotes for permanent life, term life, and universal life insurance coverage.

Rates start as low as $19.95 per month for a healthy 25-year-old.

Keep reading to compare real Americo Financial Life and Annuity life insurance rates, discover what insurance products this company sells, and determine if Americo is right for you.

The Americo Financial Life and Annuity life insurance company might not be active where you live; enter your ZIP code into our free quote tool above to receive rates from the top providers in your area.

What are the Americo Financial Life and Annuity rates?

Rates start at $19.95 for Americo’s 20-year term life insurance policy with a $100,000 death benefit for healthy 25-year-olds.

Many factors influence your life insurance rates, including your occupation, lifestyle habits, age, and medical history.

However, through Americo, your gender does impact your premiums.

The table below compares the average monthly term life insurance quotes for Americo for different term lengths and benefit levels by age.

Ratings Comparison for AIG vs. MassMutual
Ratings AgencyAIG RatingMassMutual Rating
A.M. BestAA++
Better Business Bureau (BBB)FB-
Fitch's RatingsA+AA+
J.D. Power742769
Moody'sA2Aa3
Standard & Poor's (S&P)A+AA+
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As you can see, younger, healthy individuals can quickly secure affordable Americo Financial Life and Annuity life insurance premiums.

However, Americo doesn’t sell 10-year term lengths, and there are age limits to the policies.

You can buy Americo Financial Life and Annuity life insurance through the company website by clicking the ‘Request Info Form’ button.

Folks who prefer talking directly to a representative can call the company customer service line to purchase a new policy: 888.220.7074.

However, to make changes or updates to an existing policy, the customer service line is 800.231.0801. You can also go through the company website by filling out a request form, but an agent will still contact you directly.

Claims can also be filed through the website, although there is no customer portal for you to access.

Americo mostly uses contact or request forms and interpersonal connections, such as emails or phone calls, to conduct business.

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What insurance products does Americo offer?

Americo sells term, whole, and universal life insurance policies. Death benefit amounts range from $25,000 to $400,000.

Different types of term life insurance policies typically last 10, 20, 0r 30 years; however, Americo does not sell 10-year term length policies.

Whole life insurance policies last the duration of your lifetime, as long as you continue to pay the premiums on time.

You can also purchase final expense or burial insurance through Americo. Death benefits range from $2,000 to $30,000.

You must be at least 50-years old to qualify for Americo’s final expense coverage.

Other insurance products offered by Americo include vision insurance and medicare supplemental insurance. Vision plans start at $17 per month.

Retirement options through Americo include fixed indexed annuities and multi-year guaranteed annuities.

The wealth transfer products ensure your finances go wherever and to whomever you choose.

Product specifics for Americo are currently not publicly advertised.

For detailed information about Americo’s services, you must contact their agents or customer service representatives directly.

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What are the Americo ratings and reviews?

It’s essential you understand and trust the provider’s financial stability from whom you choose to purchase a life insurance policy.

You want to feel confident that when the time comes, your company can payout your beneficiary even in the event of an economic downturn.

Fortunately, Americo received an A (Excellent) financial outlook from A.M. Best, proving that this company is economically reliable.

Customer experience is another crucial factor to consider when buying life insurance.

Is the provider you choose personal and comforting, or is it hard to contact an agent with a slow claims process?

Despite not being accredited by the Better Business Bureau (BBB), Americo still received an A+ rating from the BBB for closing 23 customer complaints in the past 12 months.

Americo’s complaint index, calculated by the National Association of Insurance Commissioners (NAIC), is also better than average at 0.70.

Any score below 1 means the company receives fewer complaints than average.

Overall, Americo Financial Life and Annuity is a financially stable company with happy and satisfied customers.

What is the history of Americo Financial Life and Annuity?

Originally called The College Life Insurance Company, Americo Financial Life and Annuity started in 1946.

Today, Americo Financial Life and Annuity is a subsidiary of America Life, Inc., one of the country’s largest privately-held insurance companies.

Americo Financial and Life Annuity underwrites all insurance products sold by the Americo family of companies along with the Great Southern Life Insurance Company.

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Americo Financial Life and Annuity: The Bottom Line

While it might not be the cheapest life insurance provider, Americo products and services are worth comparing, especially for younger, healthy individuals.

Even though Americo life insurance rates are higher than the industry average, customer reviews and experiences remain overwhelmingly positive.

Americo receives most of its business through agent sales. Connecting directly with an agent may be appealing to some customers.

However, there’s no company mobile application or online user portal.

Therefore, those hoping for online features and a mobile app may be disappointed by the company’s lack of technology.

Americo is also licensed to sell life insurance in every state besides New York.

If you require life insurance coverage less than $500,000 total, add Americo to your list of companies to consider.

Americo Financial Life and Annuity insurance might not be active where you live; discover what companies are available in your area by entering your ZIP code into our free quote tool below.

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