Americo Financial Life and Annuity

• Free Look Period
• Unchanging Premiums
• Quick Approval Online Application
• Competitive Final Expense Insurance
• Rider Benefits

Free Look Period

Americo Financial Life and Annuity provides customers with a free-look period. Depending on the customer’s location, they can receive a free look at insurance policies between 10 and 30 days. In addition, the company offers a 30-Day Satisfaction Guarantee, allowing customers to obtain a full refund if they are unhappy with their policy.

Unchanging Premiums

With most life insurance policies, the monthly premium rises as you age. With Americo Financial Life and Annuity, that is not the case. The premium will be calculated by your current age and health status, but it does not change year over year.

Quick Approval Online Application

Getting a quote from Americo Financial Life and Annuity is relatively easy. Through the company’s website, you fill in some basic information including location, gender, birthday, and some questions relating to your health. From there, it only takes a few minutes for the pre-approval process.

Competitive Final Expense Insurance

Americo Financial Life and Annuity offers Term, Whole, Final Expense, and Universal Life Insurance. However, the Final Expense Insurance is what sets the company apart. When applying for Final Expense insurance through Americo Financial Life and Annuity, there is no medical exam required, and a quote can be available to you instantly. 

Rider Benefits

Rider Benefits are add-ons to an insurance policy that can better tailor it to your needs. Americo Financial Life and Annuity offers five rider benefits:

• Accelerated Death Benefit — If a customer is diagnosed with a terminal illness, this benefit allows them to access their death benefit while still living.
• Accidental Death Benefit — If a death occurs by accident, the beneficiary on the policy can redeem an additional benefit.
• Disability Income — This benefit can replace income and provide monthly payments if the customer becomes unable to work as a result of sickness or injury.
• Return of Premium — On a term life insurance policy, this benefit gives customers the option to retrieve a portion of the premiums they already paid, but is only possible if the customer outlives the term period.
• Waiver of Premium — If a customer becomes disabled or sick, they can obtain a waiver allowing them to temporarily stop paying the premium on their life insurance policy.

While customers can use rider benefits to their advantage, it is important to know that these benefits are available with additional costs. Many life insurance companies have options for rider benefit options--but Americo Financial Life and Annuity only has five options. 

• Traditional Life Insurance Plans Lacking
• Limited Plan Information on Site

Traditional Life Insurance Plans Lacking

Many of the good things about Americo Financial Life and Annuity only apply to Final Expense Insurance. For example, when obtaining a quote through the website, there are only quotes available for Final Expense Insurance. Another drawback is that only those who are over the age of 50 qualify for Final Expense Insurance.

The company does offer Term, Whole and Universal Life Insurance as well. However, quotes for these services must be obtained through an agent. It is unclear if the 30-Satisfaction Guarantee or the Rider Benefits are available for these types of plans. Click here to learn more about different types of insurance plans.

Limited Plan Information on Site

The company’s website has very little information about what its insurance plans entail. Without speaking to an agent, it is difficult to know exactly what can be offered to you. As mentioned above, there is especially limited information about the various plan types the company offers.