Purchasing life insurance is an important financial decision that can provide protection and peace of mind for you and your loved ones. As you shop for coverage, you’ll likely come across American Amicable life insurance.
In this comprehensive review, we’ll provide an in-depth look at American Amicable, the policies they offer, customer feedback and more to help you determine if their products are the right fit for your needs.
Overview of American Amicable
Founded in 1910, American Amicable Life Insurance Company of Texas has over 100 years of experience providing insurance products. They offer term, whole and final expense life insurance as well as annuities.
The company is headquartered in Waco, Texas and has an A (Excellent) financial strength rating from AM Best, indicating excellent ability to pay out claims
Here are some quick facts about the company:
- Founded in 1910, over 100 years in business
- Rated A (Excellent) by AM Best
- Offers term, whole and final expense life insurance
- Headquarters in Waco, Texas
- Strong focus on final expense/burial insurance
American Amicable Life Insurance Products
American Amicable offers several types of life insurance policies. Here’s an overview of what they provide:
Term Life
- Offers 10, 15, 20 and 30 year term lengths
- Policy amounts up to $150,000
- Convertible to permanent insurance
- Available for ages 18-65
Whole Life
- Lifelong protection
- Level death benefit and premiums
- Builds cash value
- Underwriting required
Graded Death Benefit Whole Life
- For ages 50-85
- No medical exam required
- Graded death benefit during first 2 years
- Afterward, full face amount pays out
Final Expense/Burial Insurance
- Issued ages 50-85 years old
- Coverage from $2,500 to $35,000
- No medical exam required
- Immediate or graded death benefit options
As you can see, American Amicable has a strong focus on final expense and burial insurance for seniors. They offer policies with limited underwriting to make it easy to get coverage.
American Amicable Reviews: What Customers Say
Understanding customer feedback can provide useful insight into any insurance company. Here’s an overview of American Amicable reviews:
Better Business Bureau (BBB)
- A+ rating with BBB since 2011
- 20 complaints closed in last 3 years
- Most complaints related to policy and billing issues
Online Reviews
- Very limited online reviews available
- Where found, reviews are overwhelmingly positive
- Most praise customer service and claims payment
Our Take
Overall, American Amicable has very positive reviews from customers regarding claims, customer service and value. They have an excellent rating and accreditation with the BBB with relatively few complaints.
The biggest downside is limited reviews available online. However, when reviews are found, they tend to be very favorable.
Is American Amicable Right For You?
When considering American Amicable, here are some key factors to think about:
Best for burial/final expense insurance – This is the main focus of their product lineup. Their streamlined underwriting is ideal if you want burial coverage without a medical exam.
Strong financials – The AM Best A rating indicates excellent ability to pay claims. This gives added peace of mind.
Positive customer feedback – The predominantly positive reviews are reassuring regarding customer experience.
Limited policy options – American Amicable offers just the basics. Those wanting a wide array of products may want to look at other insurers.
Minimal online presence – They seem to work mainly through independent agents vs direct-to-consumer. This results in limited online reviews.
Overall, American Amicable is a great option specifically for burial/final expense insurance. Their financial strength, positive reviews and simplified underwriting for seniors make them worth considering.
Those wanting a variety of policy types or an easy online purchasing process may prefer other insurers. However, American Amicable delivers on providing easy, affordable burial insurance for older adults.
Bottom Line
When it comes to american amicable life insurance reviews, the feedback is quite positive overall. Customers praise their excellent customer service, timely claims payments and affordable burial/final expense options.
The company has over 100 years of experience, strong financial ratings and a focus on meeting senior needs. While they offer just core life insurance products, they deliver well on simplified underwriting burial insurance.
For the right customer, American Amicable can be an excellent choice. We hope these reviews and key considerations help you determine if their straightforward policies fit your needs. Carefully weighing your specific situation is the best way to find the right life insurance company.
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4 Reasons American Amicable is the BEST Final Expense Carrier
FAQ
Is American amicable legit?
Is amicable a good brand?
How long has American Amicable been in business?
What is the rating of American life insurance?
Does American amicable sell funeral insurance?
American Amicable sells a number of life insurance policies. This review will focus on their best burial insurance offerings. The Company has three types of final expense insurance policies: American Amicable’s funeral insurance policies are available to adults ages 50-85.
Is American amicable a good life insurance company?
Yes, American Amicable is a highly-rated and financially sound life insurance company. A.M. Best, a third-party ratings agency, has given them an A (Excellent) rating for their financial strength, operating performance, and ability to pay claims. They have an excellent final expense product that can offer value to seniors broadly.
How much is American Amicable Life Insurance?
American Amicable offers terms of 10, 20, and 30 years. The company also offers whole life insurance, but for simplicity’s sake in comparing rates, we will focus on term rates. The cheapest rate provided would be for a 25-year-old female non-smoker looking for $100,000-coverage for a 10-year term. Yearly premiums are $138.24.
Is American able a good life insurance company?
American Amicable is generally considered by experts across the industry to be a dependable life insurance company with some competitive products. With a simple yet standard application process and no medical exam requirement, American Amicable could be advantageous for applicants.