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As part of our series of reviewing the best final expense life insurance companies, we are pleased to offer this latest review of Americo Life Insurance Company.

We feel that knowing the insurer you are planning to do business with will help deliver the peace of mind you need when you are purchasing a lifetime promise from an insurance company.

 If it’s important for you to know more about your life insurance than just the monthly premium, read on to learn about Americo Life Insurance Company.


Americo, Then and Now


After establishing  the company more than 100 years ago, Americo significantly increased its footprint in the insurance industry by acquiring other insurance carriers who would add to company’s portfolio of life, health, and retirement products:

  • United Fidelity Life
  • The College Life Insurance Company of America
  • Great Southern Life
  • National Farmers Union Life
  • The Ohio State Life Insurance Company
  • Investors Life Insurance Company of North America
  • Financial Assurance Life

The management at Americo remain focused on the company’s mission to make their client’s financial security a priority and to make certain the company remains at the top of their game while striving to meet and exceed the highest industry standards,


Americo’s Financial Stability


We continually remind our clients and prospective clients that the financial stability of a life insurance company should be the most important purchase reason and that pricing should be secondary. When you purchase life insurance, you are purchasing a promise from the insurer that they will deliver the benefits of the insurance contract in exchange for your premium payment. Knowing that in many cases their promise must be kept for a lifetime is all the more reason to research a company’s financial stability.

Today, Americo maintains an insurance rating from A. M. Best of A (Excellent) which represents the third highest rating out of 15 total ratings. This very high rating should indicate that Americo and its subsidiaries will be able to pay claims and operating expenses going forward.


Life Insurance Products from Americo


Although Americo offers Life Insurance, Medicare Supplements, and retirement planning products, the purpose of this article is to do a deep dive into their comprehensive life insurance portfolio.


Term Life Insurance from Americo


Since term life insurance is the most affordable life insurance in the marketplace, most consumers use term insurance as a method to replace their income in the event of their death. Term life insurance is temporary and is offered in policy terms of 15, 20, 25, and 30 years.

The available face amounts are $25,000 to $400,000 and optional insurance riders like return of premium are available to broaden your policy’s coverage and offer living benefits to the policy.

Americo also specializes in mortgage protection products by offering several term policies designed specifically for paying off the mortgage if the policyholder dies during the term of the policy.


Universal Life Insurance from Americo


For consumers who prefer a life insurance product that will deliver a guaranteed death benefit and build cash value over time. Americo offers three flavors of universal life insurance:


Americo’s LifeCrest UL product was designed for consumers in the middle market or between ages 30 and fifty-years-old who are looking for lower premiums than whole life insurance but still have the ability to earn interest on cash value and a guaranteed death benefit. Like other universal life products, Americo’s LifeCrest has the flexibility to change the premium payments and face amount to accommodate life events.

LifeCrest SI

Americo’s LifeCrest SI is similar to their LifeCrest product but has a simplified issue underwriting process. In fact, most applications are turned around to an issued policy in about four days. LifeCrest SI also contains other benefits that make it an excellent choice for consumers:

  • No-lapse guarantee of 15 years
  • Accelerated Death Benefit rider included at no extra charge
  • Accidental Death Benefit rider included at no extra charge
  • Four other optional riders available to broaden policy coverage
  • Zero net loans against the policy cash value

LifeCrest Index Benefits

Americo’s Indexed Universal Life product was designed for consumers who are more concerned about creating an asset than a guaranteed death benefit. With Indexed Universal Life, the policyholder can earn significant cash value over the life of the policy by investing the cash value of the policy into fixed or equity accounts that typically pay higher interest than standard universal life policies.

Once your cash account builds sufficient funds, the policyholder can take non-taxable policy loans for any reason but they are especially helpful as supplemental retirement income. If you elect not to repay the loans, the outstanding loans will be deducted from the death benefit payable to your beneficiary.

Indexed Universal Life Insurance is especially helpful for retirement planning because there are no annual contribution limits and no required minimum distributions like you will find in a 401(k) or IRA.


Americo Final Expense Whole Life Insurance

Americo has solidified its position as one of the top insurance companies that provide affordable final expense insurance for seniors. Their Ultra Protector Series offers a choice of final expense insurance problems suitable for your circumstances. The highlights for Ultra Protector are as follows:

  • No medical exam or blood tests required
  • First-day coverage for Ultra Protector I and II
  • Face amounts from $2,000 to $30,000
  • Guaranteed coverage for your lifetime (as long as premiums are paid)
  • Level premiums – the company cannot increase your premiums for any reason
  • The policy builds cash value over time that can be accessed for any reason
  • Optional riders for covering your children and grandchildren
  • No charge for Accelerated Death Benefit rider (UltraProtector I and II)


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Affordable Rates for Americo Final Expense Insurance


As an independent insurance agency, we have found that Americo typically rates in the top five for most quotes that we offer to seniors.

 Here are their actual rates for a $10,000 final expense policy for a healthy male and female non-smoker: 


Age of Applicant

Male Non-Smoker

Female Non-Smoker








60 $43.68



$55.20 $42.80
70 $72.93



$99.51 $72.93
80 $145.65






We are providing a $10,000 insurance quote since the average cost of a funeral across America is about $8,000 to $10,000. For actual rates for your age, please use our instant quote form on the right side of this page.


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Check out our other Life Insurance Company Reviews:

AIG Guaranteed Issue Life Insurance

Mutual of Omaha

Lincoln Heritage Life

Colonial Penn

Globe Life


In Conclusion


Over the years, we have found Americo Life to be one of our go-to insures for final expense and burial insurance. They offer extremely affordable rates and exceptional claims service and customer service. Competitive rates coupled with an excellent rating from A.M. Best make them a great candidate for final expense and burial insurance.


We're Here To Help
For more information about Americo Life Insurance Company and to get a free and confidential quote, call the insurance experts at BurialPolicy360 at (800) 712-8519 during normal business hours, or contact us through our website at your earliest convenience.

Doug Mitchell Ogletree FinancialDoug Mitchell, President of Ogletree Financial, holds a BA degree in Finance from Auburn University as well as having obtained a Chartered Life Underwriter (CLU) designation from The American College in Bryn Mahr, PA. Doug has spent over 20 years in the life insurance industry and has also held licenses to sell securities, long-term care insurance, and home and auto insurance. For two years, Doug served as President of the Auburn Opelika Association of Financial Advisors and has been a member of the Million Dollar Round Table. He obtained Life Millionaire status at Horace Mann Insurance Company and was awarded the Life Agent of the Year Award. Later in his career with New York Life, he was an Executive Council Member. Doug currently serves as President of Ogletree Financial, a life insurance marketing organization with over 1000 life insurance agents. Today, Doug’s main focus is servicing 1000s of policyholders and growing his agency through the reach of several insurance-related websites.