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American Amicable Life Insurance Review [2023 Update]

American Amicable Burial Insurance: 60-Second Review

0
4.0/5
GetSure Rating
American Amicable excels at smoker rates and rider availability. If those interest you, then they are going to serve you well. If that is not the case, you will probably be better off by going with another insurance company.
American Amicable Pros & Cons

American Amicable Customer Reviews

No-Exam, Cash Value
Burial Insurance
Gender
Tobacco

15 companies competing for your business

97% of the time we beat Colonial Penn

30 days to get your money back, no questions asked

* Based on website quote requests, through 2/28/23.
(Check your rate to see their rates vs. ours)

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    Who Is American Amicable?

    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.

    Company 101Details
    Founded1910
    AddressP.O. Box 2549
    Waco, TX 76702
    Email[email protected]
    Phone(800) 736-7311
    Websitehttps://www.americanamicable.com/
    BBB RatingA+
    A.M. Best RatingA (Excellent)

    American Amicable Life Insurance Products

    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

    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.

    Conclusion

    We hope you enjoyed this review of American Amicable life insurance.

    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

    Research Cited
    1. Life Insurance Basics.  (n.d.).  American Amicable Life Insurance Company
    2. American Amicable Life Insurance Company of Texas.  (n.d.).  Better Business Bureau
    No-Exam, Cash Value
    Burial Insurance
    Gender
    Tobacco

    15 companies competing for your business

    97% of the time we beat Colonial Penn

    30 days to get your money back, no questions asked

    * Based on website quote requests, through 2/28/23.
    (Check your rate to see their rates vs. ours)