American Amicable Life Insurance Review [2022]

American Amicable life insurance has been available since 1910 and doesn't appear to be going anywhere based on the company's "A" A.M. Best Rating. American Amicable's customer service may need some improvement based on the company's NAIC Complaint Index. The American Amicable life insurance rates might be a bit higher than some competitors, however, American Amicable offers a handful of complementary policy features that most competitors don't.

UPDATED: Jun 29, 2022Fact Checked

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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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Written by Rachael Brennan
Licensed Insurance Agent Rachael Brennan

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 Benji Carr

UPDATED: Jun 29, 2022

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Quick Facts

  • American Amicable is a long-standing life insurance company that has operated since the early 1900s
  • American Amicable has strong financial strength ratings although its customer service ratings could use improvement
  • American Amicable’s life insurance policies appear to be reasonably priced when considering the complimentary policy features

If you’re sifting between different types of term life insurance and looking for the best options, you may want to consider American Amicable life insurance. Sometimes it’s better to choose less popular insurance providers over the standard brand names.

To make your life insurance buying process easier, this article will cover the American Amicable ratings, reviews, rates, and everything you’ll need to know to determine whether or not American Amicable is the right company for you.

Excited to learn more about American Amicable life insurance? Keep scrolling to read more or take advantage of our free quote tool above to get quotes from the top life insurance companies near you.

Is American Amicable life insurance good?

American Amicable isn’t as popular as brands like State Farm and Allstate, however, the company does have a long-standing history in the life insurance industry. Based out of Waco, Texas, American Amicable has been operating for over a century.

American Amicable Life Insurance Company of Texas is part of the American Amicable Group of Companies. American Amicable is affiliated with other small life insurance companies such as Occidental Life Insurance Company of North Carolina and Pioneer American Life Insurance Company.

It’s clear that American Amicable has been a successful insurance company, but are they consumer-oriented?

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What are the American Amicable life insurance ratings?

Just because a life insurance company is successful doesn’t mean that the company is worth investing in. Life insurance policies require long-term commitments and a lot of trust to protect your beneficiaries.

It’s important to review a company’s financial strength and customer service ratings to be sure that the company won’t collapse and so that your death benefit will actually be received by your beneficiaries. Below, you’ll find the top ratings for American Amicable.

  • A.M. Best: A
  • Fitch: A
  • Better Business Bureau (BBB): A+
  • NAIC Complaint Index: 2.66

The ratings above have some good and bad. Based on American Amicable’s A.M. Best and Fitch ratings, the company appears to be financially stable as each organization reinforced its financial strength.

There does appear to be some concern surrounding American Amicable’s customer service, however. The NAIC Complaint Index indicates that the company fields more than double the number of complaints by volume than other life insurance companies.

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On the positive side, the Better Business Bureau rating does suggest that American Amicable is at least proactive in resolving these complaints. In any case, it is at least worth considering before you make any final decisions when shopping for a life insurance policy.

Unfortunately, there is a limited supply of ratings for American Amicable because the company isn’t as noteworthy as other popular providers. Standard & Poor (S&P) and J.D. Power have yet to rate American Amicable.

What life insurance products does American Amicable offer?

American Amicable offers a nice assortment of term and permanent life insurance options. It helps to know the difference between term vs. permanent life insurance to understand if and when you should buy each policy type.

American Amicable’s life insurance policy options include:

  • Term life insurance
  • Whole life insurance
  • Universal life insurance

These are the standard policy options that offer a little bit of something for everyone. Term life insurance is typically the most popular because it tends to be more affordable from month to month.

With American Amicable, you’ll be able to choose between 10, 15, 20, 25, or 30-year term life insurance policies. Otherwise, you can choose one of American Amicable’s permanent life insurance options.

One of American Amicable’s mottos is “Term Made Simple” in which they suggest that policyholders will be afforded a handful of complimentary policy features that are usually added for an additional cost.

These features include:

  • Conversion features
  • Renewable terms
  • Living benefits for critical illness

The company also offers an assortment of other life insurance riders for purchase. These include a waiver of premium rider, disability benefit rider, children’s insurance rider, and more.

In short, American Amicable’s life insurance policy options are strong and might be more affordable in the long run if you consider the added policy features.

American Amicable Life Insurance Rates for a 20-year, $250,000 Policy
AgeMale, Non-smokerFemale, Non-smokerMale, SmokerFemale, Smoker
65$330.53$238.73$1,062.00 $658.80
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Above, you can get a general idea of how much American Amicable life insurance costs for a 20-year policy. Nowadays, $250,000 is a common option considering the price of homes and other major expenses nationwide. How do these rates compare to other companies?

Average American Amicable vs. Prudential 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 (Prudential) Average Monthly Rates20-Year Term (American Amicable) Average Monthly Rates20-Year Term (Prudential) Average Monthly Rates30-Year Term (American Amicable) Average Monthly Rates30-Year Term (Prudential) Average Monthly Rates
25 - Male$22.50$18.16$25.65$19.03$31.50$20.35
25 - Female$16.43$15.53$17.78$16.41$22.95$17.94
35 - Male$22.73$19.25$29.25$20.78$39.15$23.19
35 - Female$19.13$15.53$23.85$17.72$31.05$21.00
45 - Male$37.80$23.63$59.85$29.97$80.78$49.44
45 - Female$28.35$22.75$42.98$29.10$63.00$40.03
55 - Male$78.30$42.88$132.75$71.53$183.38$148.53
55 - Female $54.00$34.35$84.83$53.82$137.48$105.44
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Prudential is one of the more prevalent life insurance companies and they tend to offer competitive rates. American Amicable does tend to be more expensive in comparison, however, you don’t want to forget about the additional policy features that are offered.

This is a great example of why you should get specific quotes from an assortment of companies with all of the policy features you deem necessary.

More About American Amicable Life Insurance

American Amicable life insurance appears to be a fair option based on the company ratings, rates, and policy features. The final variable you should consider when shopping for life insurance policies is the user experience for yourself and your beneficiaries.

Again, you wouldn’t want to pay into a policy that your beneficiaries can’t access when the time comes. For starters, American Amicable doesn’t have a mobile app, so you will need to have access to a computer if you need to change policy information such as your address.

Additionally, the claims process might not be as easy as it could be in this day and age. It appears that American Amicable still accepts claims documents, found on the company website, by mail and possibly email.

Online claims are becoming more popular due to the ease of tracking but American Amicable hasn’t made that transition yet. In essence, this simply means that your beneficiaries will need to be attentive when submitting the claims forms to be sure nothing is lost in transit.

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American Amicable Life Insurance: The Bottom Line

While American Amicable might not carry the same popularity as other life insurance companies, it appears that the company should be at least considered when shopping for a life insurance policy.

We hope you enjoyed learning more about American Amicable life insurance. Before you go, take advantage of our free quote tool today to get instant rates from the best life insurance companies in your area.

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