American Amicable Life Insurance Review for 2021
American Amicable is a life insurance company based out of Waco, Texas, that was founded in 1910. The company has a long history of serving its community and currently offers both life insurance and annuities. American Amicable life insurance offers term and permanent policies and has an A rating with A.M. Best.
Free Life Insurance Comparison
Secured with SHA-256 Encryption
UPDATED: Mar 5, 2021
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 provider and cannot guarantee quotes from any single provider.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from top life insurance companies please enter your ZIP code on this page 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.
- American Amicable was founded in 1910 in Waco, Texas
- The company offers term, whole, and universal life insurance policies
- The company has an A.M. Best rank of A
Purchasing life insurance can be a long process, and looking at all the various providers can get overwhelming. To help you in making your decision, we’ve reviewed the insurance company American Amicable.
American Amicable is a long-standing insurance company based out of Waco, Texas. It offers several life insurance policies to customers, including term life insurance and permanent life insurance.
Keep reading to learn more about the individual policies that it offers and whether you should trust American Amicable with your future.
Do you want to research life insurance companies in your area like American Amicable? Enter your ZIP code above, and we will pull up rates to help you find more providers in your area.
What do you need to know about American Amicable?
American Amicable, also called the Amicable Life Insurance Company, is a long-standing company founded in 1909. It’s well known for its main office building in Waco, Texas, the ALICO building.
It is part of the American-Amicable Group of Companies, which offers life insurance and annuity products.
Currently, American Amicable offers both term and permanent life insurance, providing customers with many policies to suit their needs.
It provides a website where you can access your American Amicable login to see your policy and contact your agent to discuss policy adjustments.
This website is not as modern as those of other well-established companies, but it is serviceable.
American Amicable has a strong financial reputation, with an A.M. Best rating of A. This is one of the highest ratings available. A.M. Best also notes that American Amicable has a stable financial outlook.
According to the National Associate of Insurance Commissioners (NAIC), American Amicable life insurance has a current complaint index of 1.45.
This complaint score is curated by the NAIC based on the number of complaints compared to the number of premiums taken in by a company.
This particular method allows the NAIC and customers to judge companies against one another more easily, regardless of company size.
A good score on the complaint index would be one or below. With a 1.45, American Amicable shows a few more complaints than average.
Enter your ZIP code below to compare cheap life insurance rates.
Secured with SHA-256 Encryption
Are affordable American Amicable life insurance rates available?
The best way to know if a life insurance company will be affordable is to get a quote. The reasoning behind this is that life insurance rates depend entirely on individual circumstances.
Your age, weight, health, and even gender can raise or lower your expected monthly premiums.
According to the Insurance Information Institute, the industry is very competitive. This means the way pricing is decided varies greatly from company to company.
The only way to ensure you are getting the best deal when you are shopping for life insurance is to get as many quotes from as many companies as possible.
What types of life insurance does American Amicable offer?
American Amicable offers term life insurance, whole life insurance, and universal life insurance policies. It also offers specialized policies like burial insurance, sometimes called final expense insurance.
Term Life Insurance
American Amicable offers standard terms, ranging from 10 to 30 years, and providing coverage up to $250,00 or more depending on eligibility.
It also offers what is called express term insurance, which forgoes the medical exam. It maintains level premiums throughout the life of the policy as well.
American Amicable also offers group insurance. This is insurance provided to a workplace and can be signed up for by the employees. This can be an inexpensive way to get a life insurance policy, as group insurance policies often have reduced rates.
Whole Life Insurance
American Amicable Life Insurance Company offers many whole life policies with different features to suit each customer’s needs, though American Amicable life insurance quotes vary.
These features include adjustable death benefits, the return of premium riders, and policies that do not require medical exams.
Universal Life Insurance
American Amicable offers a fully underwritten policy that includes a medical exam and a non-medical policy that forgoes any medical exam prior to approval.
Both are indexed universal life policies, so you have the opportunity to increase your cash value over time. Both policies are also noted to have flexible premiums.
Specialty policies are policies designed for specific circumstances and may be whole or term policies depending on their purpose.
This particular type of policy is designed to allow you to plan and fund your own end-of-life services. This can include burials, cremations, memorial services, etc.
These policies are growing in popularity as they allow you to ensure your wishes are respected regarding your final resting place. They also remove the financial burden of this from your family.
Mortgage Term Life Insurance
Taking care of your loved ones after you’re gone is a big part of the reason anyone invests in life insurance. Mortgage term life insurance is perhaps one of the most efficient ways this can be done.
This policy allows you to ensure that part or all of your mortgage will be covered in the event of your death.
American Amicable Review
Given the wide range of policies that it offers, it is easy to see why so many customers trust American Amicbable with their money and their financial futures.
The main downside to working with American Amicable is its current complaint index rating being slightly above average and its less-than-modern website.
This can be a big deal for customers who crave the convenience that comes with an easy-to-use website.
However, American Amicable still provides a login that allows you to view your policy and contact an agent for assistance, so the site is serviceable, if not flashy.
All in all, If you’re looking for any life insurance, you may want to take the time to get a quote from American Amicable and see how it compares to other companies.
Do you want to find more insurance providers like American Amicable to add to your company comparison? Enter your ZIP code below, and we will pull up local rates to help you find the right company for you.