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Americo Senior Life Final Expense Insurance Review


ConsumersAdvocate.org Rating: 4.7 / 5 (Excellent)
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Founded in 1991, American Senior Life offers seniors final expense, whole life, and term life insurance policies. Final expense insurance is available with no medical exam required and guaranteed level premiums for as long as you pay into the policy. Located in Kansas City, Missouri, Americo Senior Life is a subsidiary of American Life, Inc. and its policies are underwritten by Americo Life and Annuity, a company that has been in business for over a century.
 
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How is Americo Senior Life rated?

Breakdown

4.9/5
Policy Features
4.5/5
Qualifications
4.7/5
Financial Strength
4.8/5
Customer Experience

Overall Rating: 4.7 / 5 (Excellent)

Americo Financial Life and Annuity, the underwriter of Americo Senior Life's final expense insurance policies, is a company with over 100 years in business and more than $1 billion of in-force life insurance policies. That makes the company a significant player in the life insurance category.

Customers seeking a final expense policy can choose from a range of benefit limits to suit their anticipated expenses and bring their premiums in line with their budgets.

There is no medical exam required when purchasing a policy and you can complete an application quickly and easily online. Once you purchase a policy, your premiums are guaranteed never to rise.

Overall, Americo Senior Life is a solid, straightforward choice for final expense insurance that offers customers flexibility and peace of mind.

Americo Senior Life Policy Features

Policy Features - 4.9 / 5

You can purchase an Americo Senior Life final expense policy with benefits ranging from $2,000 to $30,000. Once you've bought a policy your premiums are guaranteed never to go up. Policy proceeds can be used by your beneficiaries for any expenses they choose.

Policy Coverage Maximum

30,000

Types of Insurance Products

  • Whole Life
Types of Premiums
Fixed
Restrictions on Benefit Usage
No
Accidental Death Coverage
Yes
Cash Value Accumulates
Yes

Americo Senior Life Qualifications

Qualifications - 4.5 / 5

Americo Senior Life doesn't require a medical exam before issuing you a policy, but you will be asked a few health-related questions before you're provided with a quote. Rates will be determined based on the medical underwriting process. The company doesn't discuss any age or health disqualification factors on its site.
Medical Exam Required
No

Americo Senior Life Financial Strength

Financial Strength - 4.7 / 5

Americo Financial Life Group receives an A (excellent) rating from AM Best*. Americo Senior Life is not rated separately by the organization. Neither Americo Senior Life nor its underwriting company, Americo Financial Life and Annuity, are rated by Moody's or Standard & Poors.

*A.M. Best rating for Americo Financial Life and Annuity Insurance Company (Americo), September 2019. Americo Financial Life and Annuity Insurance Company has a financial strength rating of A (Excellent, 3rd out of 15 rating categories.) A.M. Best’s rating is assigned after a comprehensive quantitative and qualitative evaluation of a company’s balance sheet strength, operating performance, and business profile. A.M. Best uses a scale of 15 ratings, ranging from “A++” to “F.”
Year Founded
1991
Company Type
Underwriter
Underwriter
Americo Financial Life and Annuity
A.M. Best Financial Rating
A

Americo Senior Life Customer Experience

Customer Experience - 4.8 / 5

Americo Senior Life provides several ways to get a quote on a final expense insurance policy. You can call the company directly, fill out an online form, or use the website's chat feature. When we entered the system, the online form submittal process halted midway through and we couldn't get it started again. So we turned to the online chat feature and were met by a live, friendly, representative who was able to answer specific questions and provide a quote. The process took less than five minutes. We were given an estimated range and told that the exact rate would depend on the medical underwriting process. We appreciated that transparency and the non-pushy demeanor of the representative we spoke with. It was a pleasant experience, but we hope that Americo Senior Life will get its online bugs worked out soon.
BBB Rating
A+
Trustpilot Rating
4.4 out of 5
NAIC Complaint Ratio 2018
0.7
NAIC Total Complaints 2017
42
Date Collected
2021-03-04

Company Profile

Full Name
Americo Senior Life Final Expense Insurance
Company Website
https://americoseniorlife.com/about.php
Headquarters
1055 Broadway Blvd., Kansas City, MO, 64105

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Top Rated
Our Partner
  • Final expense benefits from $2,000 to $30,000
  • Guaranteed rates for the life of your policy
  • Policies accumulate value as you pay premiums
  • No medical exam required
  • No restrictions on how policy proceeds are spent
  • Request a free quote by phone or online
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