American Amicable Life Insurance Review [2024 Update]

  • 93 Companies reviewed
  • 50 Features considered
  • 4,650 Data points analyzed

We collected 4,650 data points from 93 life insurance companies to measure financial stability, customer satisfaction, product and feature variety, and the overall buying experience. We then evaluated each company based on 50 metrics to develop unbiased, comprehensive reviews.

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Who Is American Amicable?

For individuals aged 60 and seeking reliable coverage options, reviewing the American-Amicable Ins. Draft may provide valuable insights into affordable life insurance plans tailored to senior needs.

Founded in 1910, American Amicable Life Insurance Company of Texas is an innovative life insurer, offering life insurance and annuities to a wide variety of clients.

Anchored on a foundation of financial integrity, prudent management, and a commitment to policyholders, American Amicable is set to grow in the life insurance industry.

Attribute Details
Founded 1910
Address P.O. Box 2549
Waco, TX 76702
Email [email protected]
Phone (800) 736-7311
BBB Rating A+
A.M. Best Rating A (Excellent)

Check Out: Whole Life Insurance from Mutual of Omaha

American Amicable Life Insurance Products

Understanding the specifics of a graded benefit whole life insurance Mutual Omaha policy can provide peace of mind to a 60-year-old looking for reliable coverage without the need for a medical exam.

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:

  • Immediate Death Benefit
  • Graded Death Benefit
  • Return of Premium

Issue Age & Coverage

American Amicable’s funeral insurance policies are available to adults ages 50-85.

The minimum amount of coverage you can buy is $2,500 ($5,000 in the Washington state).

The maximum amount of coverage you can buy varies by policy type and age.  If you are looking for an immediate death benefit, or level benefit, policy, you can get up to:

  • $35,000 of coverage if you are between the ages of 50-75
  • $20,000 of coverage if you are between the ages of 76-85

For American Amicable’s graded death benefit whole life insurance and their return of premium whole life insurance, the maximum coverage you can buy is $20,000.

American Amicable Ratings & Customer Reviews

American Amicable holds an A (Excellent) rating from A.M. Best.  This is the third-highest rating out of 15 categories.

A.M. Best is a third-party company that rates insurance companies on the basis of their financial strength, operating performance, and ability to pay claims.

BBB Rating & Customer Complaints

American Amicable has been accredited with the Better Business Bureau (BBB) since 2011 and holds an A+ rating.

The Company has a relatively low number of complaints.  In the past three years, it has had a total 0f 20 customer complaints through the Better Business Bureau.  The majority of them have to do with the policy itself and with billing.

American Amicable BBB Customer Complaints Summary

Check Out: TruStage Life Insurance Products

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American Amicable FAQs

Is American Amicable legit?

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.

Where Is American Amicable Located?

American Amicable is headquartered in Waco, Texas in the ALICO building.

Can I buy an American Amicable life insurance policy online?

No, to buy a burial insurance policy from American Amicable, you have to get in touch with an independent life insurance agent.


We hope you enjoyed this review of American Amicable life insurance. If you’re exploring other options, you might also consider looking into GTL whole life insurance as a comparison.

If you’re between the ages of 50 and 85, we believe you would highly benefit from burial insurance.  And among burial insurance companies, it’s hard to beat American Amicable from a price perspective and from an ease of underwriting perspective.

Warm Regards,
The GetSure Team

Article Sources
  1. Life Insurance Basics. American Amicable Life Insurance Company
  2. American Amicable Life Insurance Company of Texas. Better Business Bureau