Americo Life Insurance Company Review 2018

review of Americo Life Insurance Company

Review of AMERICO Life Insurance Company

The following review of Americo Life Insurance Company was created with one primary purpose—to help our client’s find the best life insurance policy based on each client’s unique need, health and lifestyle. Is Americo Life the right company for you?

If you are looking for Americo Life Insurance Company Reviews, you are in the right place! Americo Insurance is a top rated life insurance company and currently in our top ten no medical exam life insurance companies list and top ten best final expense and burial insurance companies list.

About AMERICO Financial

about Americo life insurance company Americo Insurance was established over 100 years ago. The Company boasts over 30 billion of life insurance in force. At the end of 2016, Americo Financial Life and Annuity Insurance Company had over $6.3 Billion in assets, with investment grade bonds making up 96% of the companies fixed income investments.

Americo Life Insurance Company’s Ratings

Any good review of Americo Insurance will address the Company’s rating. As of 2016, Americo Insurance has an A, excellent rating from A.M. Best Company, the premier rating agency for life insurance companies.

Pros of Americo Insurance

In the following section of this Americo Life Insurance Company review we will cover the pros to choosing Americo Insurance as your life provider.

Products Offered by Americo Life Insurance Company

Americo offers different types of life insurance policies including term life, universal life and final expense insurance.

Americo offers both simplified issue term and universal life under its HMS Plus product line.

Compare Exam & No Exam Life Insurance Quotes

Term Life Insurance
  • Level term life insurance with 15, 20, 25 and 30 year terms.
  • You can choose guaranteed for the full term or for five years.
  • cash back option offering return of premium
  • Face amounts available from $25,000 to $400,000.
Living Benefit Riders
If you are diagnosed with a qualifying Critical, Chronic, or Terminal Illness, the accelerated death benefit is payable in one lump sum.
Additional life insurance riders include:
Indexed Universal Life

Americo also offers an Indexed Universal Life policy that comes with a lifetime guarantee. The product is indexed to the S&P 500.

Indexed Universal Life, or IUL, is a permanent life insurance policy, similar to whole life insurance in that it builds cash value.

However, the way that interest is credited to IULs is different than whole life. You have an option with an IUL to allocate your funds to fixed accounts or indexed accounts. Although not directly investing in the market, you do earn interest based on the indexed performance of the particular indices.

Indexed universal life offer flexible premium payments and you can raise or lower your death benefit.

In addition, IULs offer potentially higher returns than whole life. Since you are participating in an indexed account that correlates to the stock market, you account can be potentially credited a much higher interest rate.

IULs offer a cap and a floor. The floor represents the minimum guaranteed return. The cap represents the maximum potential gain. Some IUL policies offer uncapped potential returns as well.

In addition to the above products, Americo offers the Ultra Protector Series. The main focus with Americo Ultra Protector products is final expense and burial insurance. All Ultra Protector Products are no medical exam and come in three flavors*:

Ultra Protector I- Full Death Benefit
  • Guaranteed Level Premiums
  • Face Amounts from $2,000-$30,000
  • Ages 50-85
  • Full death benefit right away
  • Accelerated Benefit Payment Rider
  • Optional Children’s Term Rider and Accidental Death Benefit
  • MIB and Prescription database check
  • Must answer NO to all questions on application
Ultra Protector II- Full Death Benefit
  • Guaranteed Level Premiums
  • Face Amounts from $2,000-$30,000
  • Ages 50-80
  • Full death benefit right away
  • Accelerated Benefit Payment Rider (UP TO 50% of the death benefit if diagnosed terminally ill).
  • Optional Children’s Term Rider and Accidental Death Benefit
  • MIB and Prescription database check
  • Must answer NO to all questions on part one of application
Ultra Protector III- 3 Year Graded Death Benefit
  • Guaranteed Issue
  • Guaranteed Level Premiums
  • Face Amounts from $2,000-$10,000
  • Ages 50-75
  • Graded Death Benefit year 1 = 5%; Year 2 = 10%; Year 3 = 75%

*Riders and Face amounts vary from state to state. Please give us a call  for information on the product in your state.

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Cons of Americo Insurance

In this section of our Americo Life Insurance Company review we will cover the cons to choosing Americo Insurance as your life insurance provider.

Americo Life is but One of Many

As with any carrier, Americo Insurance simply cannot meet the need of every client. When you apply for life insurance with Americo Insurance, you are choosing to go with one company.

That means if you have some sort of condition or lifestyle that would make you high risk life insurance you better hope that Americo Insurance specializes in that condition.For example, applying for diabetic life insurance.

However, each consumer looking for life insurance is better served by choosing among the bet options available and not focusing on only one company. That is where we come in.


We at TermLife2Go have a recommendation for anyone considering a life insurance policy from Americo Insurance. Give us a call and allow us to spend some time with you to help determine if Americo Life is the best company with the best price for your specific life insurance needs.

If the company happens to be the best fit for you then great. However, with dozens of the best life insurance companies to choose from, you might save thousands of dollars over the term of your insurance policy by going with another life insurance provider.

About TermLife2Go

We do not favor one life insurance company over another. Instead, we find out what you need and then we recommend the lowest priced, best life insurance company to meet your specific need. Therefore, if price matters to you, give us a chance to earn your business. We are here to serve you!

So, what are you waiting for?  Give us a call today or visit our Online Life Insurance Quotes page and see what we can do for you!

Thank you for reading our article, Americo Life Insurance Company Reviews. Please leave any questions or comments below.

12 comments... add one
  1. Derek B

    Hello, i been a member of Americo going on three years, i have a question about my policy. My question is if i was to cancel my policy would i get my money? That is something that I’m thinking about do is stop my coverage, how would i go about doing that?

    • TermLife2Go


      While we do offer Americo products, once our clients purchase a policy all payments and paper work is handled by Americo directly. For this reason, we’re not be able to answer any questions about your policy simply because we don’t have access to that type of information.

      That said however, you can give Americo a call directly at 800-752-1387 and they will be able to answer any questions you may have about your policy.



    • TermLife2Go


      We get asked this question all the time, and at the end of the day, it’s all going to come down to:

      – What “types” of life insurance policies your mother can qualify for?

      – How much life insurance coverage your mother is looking for?

      – And what state your mother lives in?

      So, if you’d like us to give you some suggestions on “which” life insurance companies might be best for our mother, just give us a call and we’d be happy to help.



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