Chelsey Tucker graduated with a Bachelor of History degree from Metropolitan State University in 2019. She now writes about insurance with her specialty being life insurance and has been quoted on Help Smart Phone and MEL Magazine.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com.

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Jul 19, 2021

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Company Details
President: No President Known
Address: 425 Austin Avenue
City: Waco
State: TX
ZIP Code: 76701
Phone Number: (800) 736-7311
Toll Free: No Toll Free Number Known
Year Founded: 1910
AM Best Rating: A (Excellent)
Company Rating 0 (0 reviews)

Choosing a life insurance provider is a crucial decision. It’s important to gather as much information as possible about the life insurance companies you’re considering. The American Amicable group of companies is in line to help you get the insurance you need.

This life insurance company, based in Waco, Texas, has been in operation since 1910 and provides basic life insurance policies such as universal life insurance, whole life insurance, and term life insurance.

Continue reading to discover more about American Amicable and see whether it’s the perfect fit for you. Before you begin reading, enter your ZIP code into our free quote comparison tool above to find affordable insurance near you.

What kinds of insurance does American Amicable offer?

The American Amicable insurance company offers a few different types of insurance, including term and whole life insurance, universal life insurance, final expense insurance, and mortgage term insurance.

Term life insurance plans offer coverage for a defined period. Payouts range from $25,000 to $250,000 or more with terms of 10, 20, and 30 years. There is a variety of term insurance available from American Amicable, including group plans, level premium policies, and no-exam policies.

Whole life insurance covers the policyholder for the rest of their life. Whole life insurance plans have fixed premiums and often include riders that allow for early access to money or other benefits.

One such option available from American Amicable is a premium return death benefit. This benefit allows the premiums paid on insurance to be refunded in certain situations, such as when the policyholder dies within a particular time frame or at a certain age.

Whole life insurance plans are a smart investment, even if they are costly, since they often offer larger payouts and enable you to tailor your coverage with unique riders.

American Amicable provides two types of universal policies: one that is non-medical and the other that is fully underwritten. To be accepted for a non-medical policy, no doctor’s exam or blood testing is required. For individuals who have health problems, this may be a viable choice.

Before approval, the fully underwritten insurance requires a comprehensive medical exam, including blood testing. Although this may seem excessive, there is an advantage to filling out a comprehensive life insurance application.

According to the Insurance Information Institute, the healthier you are based on your test findings, the more affordable your insurance will be. To obtain the best prices, it may be a good idea to apply for plans that include this medical test if you can.

Final expense coverage, or burial coverage, is available as term insurance and is intended to assist you in planning and paying for your funeral or other last costs in advance. Final expense insurance may be helpful because it enables you to put away money with precise instructions.

Mortgage term life insurance is a wonderful alternative to consider if you’re concerned about your loved ones having to pay off the mortgage after you pass away.

Regardless of which insurance you select, make sure you communicate with your beneficiaries. According to the National Association of Insurance Commissioners (NAIC), lack of communication among Americans results in a significant amount of money being unclaimed. Dividends from life insurance policies should not be ignored.

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How much is American Amicable insurance?

Gender, age, policy type, and death benefits (policy limit) all play a part in how affordable American Amicable insurance rates will be for you. Let’s look at how American Amicable life insurance stacks up against the competition.

The table below explores prices for a $25,000 whole life policy for males:

American Amicable vs. Other Companies Monthly Rates: $25,000 Whole Life Policy for Males
CompanyAge 50 Average Monthly RatesAge 60 Average Monthly RatesAge 70 Average Monthly Rates
Security National$82.09$132.98$248.69
American Amicable$88.29$139.15$250.47
Gerber Life$94.65$140.25$218.39
Assurity$102.70$150.94$261.40
Grange$106.38$151.11$253.66
Fidelity Life$106.86$164.28$250.63
United Home Life$109.03$162.12$280.81
AIG$126.81$154.92$229.85
Transamerica$187.06$266.14$416.82
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The next table explores prices for a $25,000 whole life policy for females:

American Amicable vs. Other Companies Monthly Rates: $25,000 Whole Life Policy for Females
CompanyAge 50 Average Monthly RatesAge 60 Average Monthly RatesAge 70 Average Monthly Rates
Gerber Life$68.98$114.81$170.50
Security National$70.51$105.23$188.53
Fidelity Life$79.30$113.58$172.30
AIG$86.57$109.84$173.03
American Amicable$86.83$145.05$259.40
Assurity$90.64$124.76$198.09
Grange$90.65$117.23$179.94
United Home Life$98.68$134.81$206.93
Transamerica$153.89$205.68$313.54
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For males, American Amicable has more affordable rates than many other companies. However, American Amicable seems to be mid-range for females, with policies getting much more expensive for older policyholders.

What are the industry ratings for American Amicable?

A.M. Best is regarded as the most reliable and well-known insurance business rating agency. The company has given American Amicable an “A” (Excellent) grade. This “A” grade, which was received in April 2021, is the third-highest of fifteen potential rating categories.

The American Amicable A.M. best rating acknowledges the company’s financial strength, honesty, and capacity to manage claims for its policyholders in the future.

How can I get quotes or file claims?

The best place to start when looking for American Amicable insurance quotes is on the company website. The webpage offers all the tools you’ll need to get started on your quote.

To find an agent, go to the “Find an Agent” tab. Enter your contact details and wait for a response from an agent. American Amicable will contact you shortly to discuss your life insurance coverage, thanks to an easy-to-use system.

There doesn’t seem to be an app available for your phone to download. The website, however, is mobile-friendly, and that includes the application process. As a result, getting American Amicable mobile quotes is still straightforward.

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How can I contact American Amicable?

You may reach American Amicable, which is open Monday through Friday from 8 AM to 5 PM, directly at (800) 736-7311. You may also reach out through email at [email protected]

American Amicable headquarters is located at 425 Austin Avenue, Waco, TX 76701. The mailing address is PO Box 2549, Waco, TX 76702.

Should I buy American Amicable insurance?

Many potential customers will profit from American Amicable’s policies. Term and whole life insurance plans for parents are available, which may assist your children or spouse in the case of a tragic life event that results in death.

Burial and final expense insurance are some of the best life insurance plans for seniors who want to assist their families with the financial burden of a funeral.

Since the prices are more adjustable over time, universal life insurance may be a good option for couples.

Buying American Amicable life insurance may be a smart option for you if you’re searching for a reliable business that provides term, whole, and universal life insurance at a fair price.

American Amicable may be a good option, but you should still shop around. Do you want to compare life insurance prices from different companies? Enter your ZIP code in our free quote comparison tool, and we’ll help you discover the lowest prices from local insurance providers.

American Amicable Insurance Review [2021] Additional Information

 

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