Americo Life Insurance 2025 Review

About Americo

Based in Kansas City, Americo Life, Inc., is the parent company of numerous smaller companies specializing in life insurance—most notably Americo Financial Life and Annuity Insurance Company.

The family of companies date back to the turn of the 20th Century and are privately held, which is somewhat rare among the top life insurance companies in the U.S.

Americo markets policies through a nationwide network of independent agents and also accepts applications directly online. The company offers a wide variety of life insurance products, including term, whole, and universal life insurance, along with annuities.

Americo Life is one of the top no exam life insurance companies in the marketplace, specializing in simplified issue policies with straightforward underwriting processes.

Financial Ratings & Strength

Rating Agency	Rating	Category
A.M. Best	A (Excellent)	Strong financial security
S&P Global	BBB (Stable)	Upgraded December 2023
Fitch	Not Rated	N/A
Moody’s	Not Rated	N/A
Comdex Ranking	Not Rated	N/A
Better Business Bureau	Low Rating	Not BBB accredited

Although Americo is only rated by one of the “big three” credit rating agencies, it generally has a strong financial position with very little chance of failing to pay claims. The company maintains an A (Excellent) rating from A.M. Best and was upgraded to BBB (Stable) by S&P Global in December 2023.

Over 95% of Americo’s corporate investments are held in low-risk bonds, and its investment strategy is fairly conservative, leading to strong capital adequacy and liquidity with a stable outlook for 2025.

Americo currently has a low rating with the Better Business Bureau and is not BBB accredited. The actual number of recent BBB complaints is not particularly high, though, and is lower than some insurers with higher ratings, so the low grade may have more to do with Americo’s failure to respond to BBB complaints than with its actual customer service.

2025 Updates & News

Rate Changes

Effective January 1, 2025, the Guaranteed Minimum Value Interest Rate (GMVIR) on certain fixed indexed annuities will decrease to 2.85% for new contracts. This adjustment reflects ongoing changes in the broader interest rate environment.

Competitive Annuity Rates

As of early 2025, Americo is offering competitive rates on its annuity products, with the two-year fixed annuity providing a 4.80% rate. The company continues to position itself as an attractive option for retirement planning with its range of fixed index and multi-year guaranteed annuities.

Digital Underwriting Focus

Americo has increased its utilization of digital underwriting capabilities to provide instant decision-making for many of its insurance products. This improvement in technology supports the company’s commitment to simplified issue policies and efficient customer service.

Products Overview

Americo offers a diverse range of insurance and financial products:

• Life Insurance
  • Term Life Insurance
  • Whole Life Insurance
  • Indexed Universal Life Insurance
  • Final Expense Insurance
  • Mortgage Protection Insurance
• Annuities
  • Fixed Index Annuities
  • Multi-Year Guaranteed Annuities (MYGA)
• Other Insurance Products
  • Medicare Supplement Insurance
  • Individual Vision Insurance

Life Insurance Policies

Final Expense Insurance

Americo Eagle Premier

Final expense or burial insurance is permanent life insurance intended to cover costs associated with funerals and burial, estate debts and administration expenses, and final healthcare bills.

As with whole life, premiums for final expense policies are fixed for as long as a policy remains in place, and policies accrue cash value.

Coverage amounts for Americo’s Eagle Premier final expense policies range from as little as $2,000 to as much as $30,000, and riders are available extending coverage to children and grandchildren up to 25 years old.

New applicants must be between ages 50 and 85, and policies are simplified issue, so no medical exam is necessary for coverage.

However, the application process does include a medical history questionnaire, and any negative responses to any of the screening questions will disqualify the applicant from coverage.

Americo Eagle Guaranteed

This is a guaranteed-issue final expense policy, which means there is no medical screening and all applicants between ages 50 and 75 will be approved.

As a guaranteed-issue policy, coverage is limited to $10,000 and includes a three-year graded waiting period.

Like most final expense coverage, the waiting period is inapplicable if the insured’s cause of death is an accident.

Whole Life Insurance

AdvantageWL

As Americo’s whole life insurance offering, AdvantageWL is straight-forward, permanent life insurance with the features that come standard with most whole life policies.

Premiums and death benefit amounts are fixed, and policies accrue cash value that builds over time and earns tax-deferred interest.

Universal Life Insurance

Americo offers three universal life insurance variations:

Product	Type	Key Features
LifeCrest	Fully Underwritten VUL	Flexible premium structure, optional riders for accidental death, disability, or extending coverage to a spouse or children
LifeCrest SI	Simplified Issue UL	Similar to LifeCrest but with simplified underwriting process
LifeCrest Index	Indexed Universal Life	Cash-value focused IUL policy, interest linked to S&P with guaranteed minimum of 4%, zero net cost policy loans

Term Life Insurance

Americo offers several term life insurance options:

HMS Plus 100 and HMS Plus 125

These are very similar level-term policies with coverage amounts ranging from $25,000 to $400,000.

Available terms are between 15 and 30 years, in five-year increments.

Premiums and the available death benefit are fixed throughout a policy’s term. HMS Plus 125 comes with a standard accidental death rider that is not available with HMS Plus 100.

HMS Plus ADB with ROB

This term policy is available to new applicants between ages 20 and 60 and provides fixed premiums for either a 30-year term (for applicants from 20-50) or a 20-year term (for applicants between 51 and 60). An accidental death rider comes standard.

A similar policy, HMS Plus ADB with ROP, features a full premium refund at the end of the term if the policy is not triggered.

HMS Plus CBO

HMS Plus CBO is a simplified-issue universal life policy with features of level term coverage. This product’s stand-out feature is the cash-back option, available at periods between 15 and 30 years, that allows policyholders to recover premiums if a policy reaches the conclusion of its option period without being triggered.

The cash-back amount is measured as the total premiums paid in during the life of the policy, so it will be higher or lower depending upon the premium rates.

Applicants must be between age 20 and 60, with longer cash-back terms reserved for younger applicants.

Mortgage Protection Insurance

HMS Plus Payment Protector

Americo offers specialized term coverage designed to pay off an insured’s mortgage in the event of untimely death. As with regular term, coverage amounts range from $25,000 to $400,000.

Mortgage protection policies are “simplified issue,” so no medical exam is required when applying. Proof of mortgage is not necessary to apply. Americo’s HMS Payment Protector Plus pays out death benefits in regular increments, mirroring mortgage payments, rather than as a lump sum. New applicants must be between age 20 and 75, with longer terms reserved for younger applicants.

HMS Plus Payment Protector Continuation

Available in terms from 15 to 30 years, this policy adds a conversion option allowing the policyholder to transition the policy to permanent, whole life coverage at the term’s conclusion. When the conversion occurs, the death benefit is reduced to 10% of the original amount.

Available Life Insurance Riders

Americo offers various riders to customize your life insurance policy:

Rider	Description
Children’s Term	Provides up to $15,000 in term coverage for an insured’s children; available with most policies
Accidental Death Benefit Rider	Increases death benefit if death is caused by a qualifying “accident”; comes standard with some policies
Disability Income Rider	Pays a small percentage of the death benefit at regular intervals if insured becomes permanently disabled
Waiver of Premium Riders	Waives policy premiums if policyholder sustains a long-term disability or involuntary unemployment
Living Benefits Riders	Allows early payout of up to 50% of death benefit if insured is diagnosed with terminal illness, critical illness, or chronic illness
Income Term Rider	Provides supplemental monthly income death benefit in addition to regular death benefit; payments continue through conclusion of income coverage period (15-30 years or until age 70)

Contact Information

Contact Type	Information
Customer Service Phone	800-231-0801
Email	customer.service@americo.com
Corporate Address	300 W. 11th Street Kansas City, MO 64105-1618
Website	www.americo.com

Conclusion

Americo Life Insurance Company presents a solid option for consumers seeking simplified issue life insurance coverage with minimal underwriting requirements. The company’s strong A.M. Best rating and conservative investment strategy provide confidence in its financial stability and ability to meet policy obligations.

While Americo may not have the same name recognition as some larger insurers, it compensates with competitive products in key areas such as final expense insurance, term life with return of premium options, and flexible universal life policies. Its focus on digital underwriting and simplified issue policies makes it particularly appealing for those seeking quick coverage without extensive medical examinations.

The company’s wide range of products allows for customization to meet various needs, from basic term coverage to more complex indexed universal life policies with cash value growth potential. However, consumers should be aware of the company’s limited BBB rating and consider how this might impact customer service experiences.

For those seeking straightforward, no-exam life insurance coverage or competitive annuity rates, Americo deserves consideration alongside other providers in the market.