Shuman Roy is an entrepreneur, business owner, and musician. He started RoysNoys, LLC in 2013 as a music production and education service company. He also offers small business consulting and advisory services to help businesses get from start-up mode to turn-key operations. Shuman earned his M.B.A from the Stern School of Business in 2001 and has an undergraduate degree from Manhattan College in ...

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Joel...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Aug 25, 2021

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Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different 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.

The Truth in a Nutshell

  • The Americo Financial Life & Annuity insurance company provides term life insurance, whole life insurance, universal life insurance, and final expense insurance
  • Some policies offer limited options and low coverage compared to other life insurance companies
  • Americo Financial has an A rating from AM Best and a 0.72 NAIC complaint index

Life insurance is an easy way to provide financial protection for your family and loved ones after you pass. It decreases stress in a difficult time and offers assurance that they can continue to support themselves.

Americo Financial Life & Annuity is one company that sells life insurance policies to meet the average person’s needs. They have been in business for over 100 years and have happy customers.

If you’re considering buying a life insurance policy from Americo, continue reading our review below to learn about Americo’s life insurance products, rates, industry ratings, contact information, and more.

If you’re unable to find affordable Americo Financial Life & Annuity insurance, enter your ZIP code into our free quote comparison tool above to get rates from companies near you.

What life insurance products does Americo Financial Life & Annuity offer?

Americo Financial Life & Annuity insurance company provides term life insurance, whole life insurance, and universal life insurance.

Term Life Insurance

Term life insurance is a non-permanent life insurance policy that you can typically purchase in 10-, 15-, 20-, or 30-year terms. Premiums are usually level, and they may be more affordable than other types of insurance.

Americo offers terms of 15, 20, 25, or 30 years with death benefits up to $400,000. These options are good for people looking for simple life insurance coverage, but they are limited compared to other term life insurance companies.

When you buy Americo Financial term life insurance, you can add riders to get extra benefits, such as having your premiums returned if you don’t use the death benefit during the term.

You can even convert your policy to permanent life insurance while keeping the same premiums.

Whole Life Insurance

Whole life insurance is a permanent policy that offers cash value, which you can access for large expenses. The growth of the policy’s cash value is guaranteed, meaning they offer little risk.

Americo Financial’s whole life insurance policies have level premiums, so they will never rise. The coverage is guaranteed as long as your pay your premiums. Americo will also never cancel your policy due to your age or health.

Universal Life Insurance

Universal life insurance is another type of permanent policy that has cash value, which grows based on interest rates. You can borrow against this cash value to be used for large expenses or retirement income.

Americo offers universal life insurance with death benefits between $25,000 and $400,000.

These policies are designed to pay off a mortgage, so they include 15- or 30-year level benefit terms. They may also come with a cash-back option.

Final Expense Insurance

Final expense life insurance is a type of whole life insurance that offers smaller death benefits to use for end-of-life expenses, such as burial or funeral costs.

Americo’s final expense insurance has death benefits up to $30,000. It is meant for people over 50, and it does not require a medical exam.

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How much is Americo Financial life insurance?

Unfortunately, Americo Financial Life & Annuity insurance rates are hard to find. However, let’s take a look at some average rates for super preferred policyholders to see what you might pay:

Average Term & Whole Life Insurance Rates by Gender and Age
Age20-Year-Term Life Annual Rates for Males20-Year-Term Life Annual Rates for FemalesWhole Life Annual Rates for MalesWhole Life Annual Rates for Females
30 years old$227$193$4,015$3,558
40 years old$341$289$6,042$5,413
50 years old$842$654$9,432$8,440
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Some Americo Financial Life & Annuity reviews claim that Americo offers affordable rates. However, you should keep in mind that policies that don’t require a medical exam are likely to be more expensive than those that do.

Your rates may vary based on the type of insurance policy, your age, your health, and more.

What are Americo Financial’s industry ratings?

Americo Financial Life & Annuity Company has an A financial strength rating from AM Best, meaning they have an excellent ability to meet their financial obligations, such as paying claims.

Americo Life Inc. has an A+ rating from the BBB.

Americo Financial has an NAIC complaint index of 0.72, which is lower than the national average of 1.00. This means that they get fewer complaints than companies of a similar size.

How can I get quotes and file claims?

Some Americo Financial Life & Annuity insurance quotes are available online, while others you must receive from an agent.

You can enter information on the company’s website to receive a whole life insurance quote or be contacted by an agent. You can also call (888) 220-7074.

Claims forms can be found on the Americo website. Some of the forms will have to be returned by mail to Americo Life at:

Attn: Claims, PO Box 410288, Kansas City, MO 64141 (or Americo Life, Attn: Claims, 300 W. 11th Street, Kansas City, MO 64105 for overnight mail).

Other documents may be faxed to (800) 395-9238 or emailed to [email protected] If you need help with the claims process, you may call (800) 231-0801.

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How can I contact Americo Financial Life & Annuity?

If you are already an Americo Financial policyholder, you can call them at (800) 231-0801. If you’re just considering Americo, you can call (888) 220-7074. Americo’s fax number is (800) 395-9238.

You can also send an email to [email protected] Americo’s mailing address is PO Box 410288, Kansas City, MO 64141.

Americo also lists all the phone numbers for its subsidiaries and other companies that it provides policies for on its website.

Should I buy Americo Financial Life & Annuity insurance?

Americo Financial offers a good variety of basic life insurance products. However, some of them offer limited death benefits compared to other companies.

While some reviewers cite affordable rates, this is not confirmed by Americo.

You should also consider the fact that whole life and universal life are likely to be more expensive than term life insurance, especially if they don’t require a medical exam.

Overall, Americo Financial Life & Annuity is a reputable company with good ratings.

You should still compare it to other companies and do full research before deciding which company to buy from.

Now that you have finished this Americo Financial Life & Annuity review, enter your ZIP code into our free quote comparison tool below to find companies in your area.