Pioneer American Life Insurance Review [2024]
Pioneer American sells term and permanent insurance to customers in 36 states. Customers can find affordable Pioneer American insurance with no medical exam. The company offers several riders that customers can add to a policy and is rated an A by A.M. Best.
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Brad Larson
Licensed Insurance Agent
Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...
Licensed Insurance Agent
UPDATED: Apr 15, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Apr 15, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Pioneer American provides term and permanent life insurance
- Pioneer American offers several riders
- Pioneer American has been rated an A by A.M. Best
Pioneer American provides term and permanent life insurance to customers in 36 states. The company has affordable rates and offers several options to add to a policy. Additionally, the company has been rated an A by A.M. Best.
Knowing more about Pioneer American Insurance will help you determine if it’s the best choice for you.
Before jumping into this Pioneer American Insurance review, enter your ZIP code to get free life insurance quotes in your area.
What are the rates of Pioneer American Insurance?
A common concern for buyers of life insurance is the cost of coverage. Examining the average rates of a company will help you determine if a plan is affordable. Customers’ rates depend on various factors, including:
- Tobacco use
- Age
- Criminal history
- Health
- Occupation
- Lifestyle
The following chart shows the average affordable Pioneer American life insurance monthly rates for a male 10-year term at $100,000 and $250,000 in value.
| Age | Average Monthly Rates for a $100,000 Term Life Policy | Average Monthly Rates for a $250,000 Term Life Policy |
|---|---|---|
| 25 | $14.04 | $22.50 |
| 35 | $13.86 | $22.73 |
| 45 | $18.99 | $37.80 |
| 55 | $35.37 | $78.30 |
| 65 | $87.57 | $206.33 |
The following chart shows the same information for females.
| Age | Average Monthly Rates for a $100,000 Term Life Policy | Average Monthly Rates for a $250,000 Term Life Policy |
|---|---|---|
| 25 | $11.52 | $16.43 |
| 35 | $12.51 | $19.13 |
| 45 | $15.93 | $28.35 |
| 55 | $25.83 | $54.10 |
| 65 | $61.38 | $139.28 |
As you can see, Pioneer American life insurance rates are lower for $100,000 plans than for $250,000 plans. Additionally, when comparing life insurance rates by age and gender, you’ll discover rates are lower for females than males, and rates increase as policyholders age.
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What products are provided by Pioneer American Insurance?
Pioneer American Insurance provides term, whole, and universal life insurance. All policies are available as no medical exam term life insurance plans, allowing customers to avoid an exam and receive quick acceptance.
The next step is knowing and understanding the difference between term vs. whole life insurance. The company has two term life options. The simplified issue plan ranges from 10- to 30-year terms with values ranging from $25,000 to $250,000. These plans are convertible to whole life insurance after the initial period ends.
The company also offers association term life policies available for specific groups. These 10-year renewable plans are for customers between 18 and 65 and feature no medical exam. Members and groups eligible for these plans include:
- Government employees (all levels)
- First responders
- Employees of state-funded educational institutions
- Railroad employees
- Hospital employees
- Spouses of anyone in the above groups
In addition to term life policies, Pioneer American provides two types of permanent life insurance. Compare term vs permanent life insurance to decide which is best for you. Whole life insurance policies feature fixed rates, and universal plans have flexible rates to fit changes in your life.
The company provides two universal life policies. The simplified issue plan doesn’t require a medical exam and has a death benefit between $25,000 and $250,000. Additionally, this option includes a 15-year no-lapse guarantee if all policy payments are complete.
Unlike the simplified issue plan, the fully underwritten version of universal coverage requires a medical exam for acceptance. However, this plan doesn’t have a maximum death benefit, allowing customers to choose the value that fits their needs.
Does Pioneer American Insurance offer riders?
Most life insurance companies offer options that customers can add to a policy. These options are known as riders and allow policyholders to customize their policies. While companies provide some riders with policies, most are available for an additional fee. See what are life insurance riders? for more details.
Pioneer American Insurance provides two riders at no cost and with all policies. The terminal illness accelerated death benefit rider allows policyholders to access their life insurance with living benefits if they have a terminal illness.
The company also offers an accelerated death benefits rider for customers in confined care. This rider is for customers confined to a nursing home for at least 30 days after the policy is issued.
In addition to these no-cost riders, Pioneer American offers options that customers can add to a policy. The optional riders offered by Pioneer American include:
- Accidental death benefit
- Grandchild rider
- Nursing home waiver of premium
- Children’s insurance agreement
Adding optional riders to an insurance policy increases Pioneer American life insurance quotes.
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How is Pioneer American Insurance rated?
Credit rating agencies review and rate insurance companies based on financial strength. These ratings indicate the company’s ability to provide a payout when customers file a claim.
Pioneer American Insurance has been rated an A by A.M. Best. This rating is the same as its parent company, American Amicable Life Insurance, and indicates that Pioneer American has solid financial backing.
Read our American Amicable Life Insurance review to learn more about this company.
The Better Business Bureau (BBB) also rates insurance companies based on their business practices. The BBB has rated Pioneer American Insurance an A+, indicating that the company is trustworthy and transparent when working with customers.
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Does Pioneer American Insurance have any complaints?
The Better Business Bureau (BBB) and the National Association of Insurance Commissioners (NAIC) review complaints made about insurance companies. These reviews inform customers about the quality of service that they can expect to receive.
At the time of this review, the BBB has received 15 complaints about Pioneer American over the past three years. The majority of these complaints are about the company’s products and billing services.
According to the NAIC, Pioneer American has received two complaints and has a complaint index ratio of 1.77. These numbers indicate that the company has slightly more complaints than the average competitor of a similar size.
How can you contact Pioneer American Insurance?
Customers looking to buy Pioneer American life insurance or find information can contact the company by phone, email, or fax. The company has one phone number but different fax numbers and email addresses for the departments.
You can reach the company by phone at 800-736-7311. Following the menu options will allow you to find the correct department. Additionally, you can fax the company if you need to send additional information. The fax numbers for Pioneer American are:
- Main: 254-297-2105
- Claims: 254-297-2756
- Sales: 254-297-2709
You can also email the company with questions or information. The email addresses for Pioneer American Insurance are:
- General: [email protected]
- Claims: [email protected]
- Complaints: [email protected]
The contact information for Pioneer American is through the company’s parent organization, the American Amicable Group.
What is Pioneer American Insurance?
The Pioneer American Insurance Company began in 1961 in Waco, Texas, where it remains today. The company has since become a subsidiary of the American Amicable Group, which has multiple other subsidiaries, including:
- American Amicable Life Insurance Company
- Pioneer Security Life Insurance Company
- Occidental Life Insurance Company
- IA Life Insurance Company
After starting in Texas, Pioneer American is now available in 36 states. If the company doesn’t sell coverage in your state, you can contact American Amicable to learn which subsidiary offers insurance in your area.
Read our Occidental Life Insurance Company Review for more information.
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Pioneer American Insurance: The Bottom Line
Pioneer American Insurance provides term and permanent life insurance in 36 states. The company has affordable rates and has been rated well by A.M. Best. However, the company has more complaints than the average similarly-sized competitor.
Learning more about Pioneer American Insurance will help you decide if the company is best for you.
Now that you know about Pioneer American Insurance, enter your ZIP code to find free life insurance rates in your area.
Frequently Asked Questions
What is Pioneer American Insurance?
Pioneer American Insurance is an insurance company that provides a range of insurance products and services to individuals and families. They offer various types of policies, including term insurance, whole insurance, and universal insurance.
What types of insurance policies does Pioneer American Insurance offer?
Pioneer American Insurance offers term insurance, whole insurance, and universal insurance policies. Term insurance provides coverage for a specific period, while whole insurance offers lifelong coverage with a savings component. Universal life insurance combines a death benefit with an investment component.
How can I apply for insurance with Pioneer American Insurance?
To apply for insurance with Pioneer American Insurance, you can contact their customer service or visit their website. They will guide you through the application process, which typically involves providing personal and health-related information, undergoing a medical examination, and completing the necessary paperwork.
What factors affect the cost of insurance with Pioneer American Insurance?
The cost of insurance with Pioneer American Insurance is influenced by various factors, including your age, gender, health condition, lifestyle choices (such as smoking or non-smoking), coverage amount, and policy type. Generally, younger and healthier individuals tend to have lower premiums.
Can I customize my insurance policy with Pioneer American Insurance?
Yes, Pioneer American Insurance provides options for customization. Depending on the policy type, you may have the flexibility to choose the coverage amount, policy duration, premium payment schedule, and additional riders or endorsements to enhance your coverage.
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
Brad Larson
Licensed Insurance Agent
Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
