American Amicable offers no-medical-exam life insurance policies including final expense, term life, and universal life coverage with simplified underwriting. Founded in 1910 and rated “A” (Excellent) by A.M. Best, the company specializes in making life insurance accessible through policies that don’t require medical exams, with coverage available for ages 0-85 and face amounts from $2,500 to $100,000+.
When it comes to securing your family’s financial future, choosing the right life insurance provider is important. American Amicable has built its reputation on making life insurance accessible, especially for people who want to avoid the hassle of medical exams. In this review, we’ll cover their product offerings, company history, financial ratings, and what makes them stand out in the crowded life insurance market.
American Amicable Life Insurance Products
American Amicable offers a range of life insurance products tailored to meet the needs of individuals across different age groups and financial situations. Their specialty is simplified issue policies, which means you can often get coverage without a medical exam. Here’s what they offer.
Final Expense Insurance
American Amicable’s Final Expense Insurance is designed to cover funeral and burial costs, making it easier for families to handle these expenses during tough times. This is whole life coverage with guaranteed premiums that never increase.
Affordable Senior Life Insurance—Peace of Mind for You & Your Loved Ones
No Medical Exam. Guaranteed Coverage. Easy Approval.
Protect your family from unexpected expenses with a simple, affordable final expense plan. Get the coverage you need to ensure funeral costs don’t burden your loved ones.
🔹 Guaranteed Approval (Ages 50-85)
🔹 Fixed, Affordable Monthly Rates
🔹 Covers Funeral, Medical, & Other Final Expenses
For ages 50-85: Whole life coverage with face amounts ranging from $2,500 to $50,000. Simplified issue underwriting means there’s no medical exam required. You answer a few health questions, and if you qualify, you’re covered. The policy builds cash value over time and includes a Terminal Illness Rider at no extra cost.
For ages 0-49: Similar coverage is available with face amounts up to $35,000. This option works well for younger adults who want guaranteed coverage without the exam process. Parents can also purchase coverage for children that can be converted later without additional health questions.
These policies provide immediate coverage in most cases. If you pass away from natural causes, your beneficiaries receive the full death benefit. Some policies have a two-year waiting period for natural death claims, but accidental death is covered from day one.
Universal Life Insurance
American Amicable offers two flexible Universal Life policies that combine death benefit protection with cash value growth potential. Universal life gives you more control over your premiums and death benefit compared to traditional whole life.
Express UL: Available for individuals aged 15 to 75, this policy features flexible premiums and no-medical-exam underwriting for coverage up to $99,999. You can adjust your premium payments within limits, and the cash value grows based on current interest rates. This flexibility makes it useful if your income varies or if you want to increase coverage over time.
SecureLife Plus: This policy offers a 20-year minimum guarantee on the death benefit, which means your coverage won’t lapse during that period as long as you pay the minimum required premiums. You can take policy loans after the first year, which can be helpful for emergencies or opportunities. Coverage is available from ages 0 to 80 with varying underwriting requirements based on the coverage amount.
Both universal life products offer optional riders including Waiver of Premium (which pays your premiums if you become disabled) and Accidental Death Benefit (which doubles or triples the death benefit if death results from an accident).
Want to compare? See how American Amicable ranks among the best indexed universal life companies.
Term Life Insurance
American Amicable’s Term Life Insurance provides temporary coverage at affordable rates. Term policies are the least expensive type of life insurance because they only provide coverage for a specific time period without building cash value.
Easy Term: Offers 10, 20, or 30-year terms with face amounts starting at $25,000. This policy requires no medical exam and uses simplified underwriting. You can add valuable riders like the Critical Illness Rider (which pays a lump sum if you’re diagnosed with cancer, heart attack, or stroke) and Children’s Insurance Agreement (which provides coverage for all your children under one rider).
Term Made Simple: Provides simplified underwriting for terms of 10, 15, 20, and 30 years with coverage starting at $50,000. This is one of their most popular products because it combines the affordability of term insurance with the convenience of no medical exams. Available riders include Terminal Illness, Confined Care, and Chronic Illness benefits.
Term life works well if you need coverage for a specific period, like until your mortgage is paid off or your kids finish college. You’re not building cash value, but you’re getting maximum death benefit protection for your premium dollar.
Specialized Products
American Amicable also offers specialized products designed for specific needs. Home Protector is designed for mortgage protection and decreases over time to match your declining mortgage balance. Financial Lifeline is a modified whole life policy with an annuity rider that provides living benefits along with death benefit protection.
Riders Available with American Amicable Life Insurance Policies
American Amicable offers several riders that can be added to their life insurance products to provide enhanced coverage. Riders are optional benefits you can purchase for an additional cost. Here are the main ones:
Critical Illness Rider: Provides a lump sum payout upon diagnosis of a critical illness such as cancer, heart attack, or stroke. The benefit is typically 25-50% of your death benefit and can be used for any purpose. You can use it to pay medical bills, replace lost income, or cover travel costs for treatment.
Disability Income Rider: Protects your income in the event of total disability. If you become disabled and can’t work, this rider pays you a monthly benefit, typically 1-2% of your face amount. This helps ensure your family’s bills get paid even when you can’t earn income.
Terminal Illness Rider: Allows policyholders to access a portion of their death benefit early if diagnosed with a terminal illness (typically defined as life expectancy of 12 months or less). Most American Amicable policies include this at no additional cost. You can use these funds for medical care, end-of-life expenses, or to create final memories with family.
Children’s Insurance Agreement: Offers coverage for children (typically all children in the household under age 18) under one rider. The coverage can be converted into a permanent policy without additional proof of insurability when the child becomes an adult. This locks in insurability at a young age regardless of health changes.
Waiver of Premium: Waives your premium payments if you become totally disabled. Your coverage continues without payments as long as you remain disabled. This prevents your policy from lapsing during times when you can’t work.
Accidental Death Benefit: Provides an additional death benefit if death results from an accident. This typically doubles or triples the base death benefit. It’s relatively inexpensive because accidental death is less common than death from illness.
Comparison of American Amicable Life Insurance Products
| Product | Policy Type | Issue Ages | Face Amounts | Underwriting | Riders Available |
|---|---|---|---|---|---|
| Final Expense (Older Ages) | Whole Life | 50-85 | $2,500 to $50,000 | Simplified Issue, No Medical Exam | Terminal Illness, Accidental Death Benefit |
| Final Expense (Younger Ages) | Whole Life | 0-49 | Up to $35,000 | Simplified Issue, No Medical Exam | Terminal Illness, Accidental Death Benefit |
| Express UL | Universal Life | 15-75 | $25,000+ | No Medical Exam up to $99,999 | Waiver of Premium, Accidental Death Benefit |
| SecureLife Plus | Universal Life | 0-80 | $10,000+ | No Medical Exam for certain limits | Waiver of Premium, Terminal Illness |
| Easy Term | Term Life (10, 20, 30 years) | 18-70 | $25,000+ | Simplified Issue, No Medical Exam | Critical Illness, Disability Income, Children’s Insurance |
| Term Made Simple | Term Life (10, 15, 20, 30 years) | 18-75 | $50,000+ | Simplified Issue, No Medical Exam | Terminal Illness, Confined Care, Chronic Illness |
History of American Amicable Life Insurance
American Amicable has been providing life insurance solutions since 1910, making it one of the older insurance companies still operating today. Headquartered in Waco, Texas, the company has grown from a local provider to one of the recognized names in simplified issue life insurance across the United States.
The company’s focus has consistently been on making life insurance accessible to people who might not qualify for traditional fully-underwritten policies. This means people with minor health issues, older individuals, or those who simply don’t want to go through the medical exam process can still get coverage.
In 2010, American Amicable was acquired by Industrial Alliance Insurance and Financial Services Inc., a large Canadian insurer with over $200 billion in assets under management. This acquisition strengthened American Amicable’s financial standing and provided additional resources for product development and customer service.
Today, the company operates several subsidiaries that expand its reach and product offerings. These include Occidental Life Insurance Company of North Carolina, IA American Life Insurance Company, Pioneer Security Life Insurance Company, and Pioneer American Insurance Company. This network allows American Amicable to offer products across different states with varying regulations.
Over the decades, American Amicable has maintained its commitment to simplified underwriting and accessible life insurance. The company has adapted to changing markets and customer needs while keeping its core mission of serving people who want straightforward, no-hassle life insurance products.
American Amicable Life Insurance Ratings
A.M. Best Rating: A (Excellent)
American Amicable holds an “A” (Excellent) rating from A.M. Best, the leading independent insurance rating agency. This rating reflects the company’s strong financial stability and ability to meet policyholders’ claims. A.M. Best’s rating scale ranges from A++ (Superior) down to F (In Liquidation), so an “A” rating places American Amicable in the upper tier. You can verify this rating on the A.M. Best rating page.
This rating is important because it indicates the company’s financial strength. When you buy life insurance, you’re making a long-term commitment. You want to know the company will still be around in 20, 30, or 40 years to pay your claim. The “A” rating suggests American Amicable has the financial resources and management practices to meet its obligations.
A.M. Best evaluates companies based on their balance sheet strength, operating performance, business profile, and enterprise risk management. American Amicable’s consistent “A” rating over the years demonstrates stable financial management.
Better Business Bureau (BBB) Rating: A+
American Amicable is accredited by the Better Business Bureau with an A+ rating, the highest possible score. This rating indicates excellent customer service and a strong record of resolving customer complaints. The BBB rating considers factors like complaint history, transparency in business practices, and responsiveness to customer issues.
The A+ rating suggests American Amicable handles customer concerns professionally and works to resolve issues when they arise. This is reassuring because even the best insurance companies occasionally have disputes over claims or policy terms.
Customer Complaints and Feedback
American Amicable receives generally positive reviews from customers, particularly for their straightforward application process and responsive customer service. The simplified underwriting process is frequently praised by customers who appreciate avoiding medical exams and getting coverage quickly.
Some customers have expressed concerns over premium increases on certain universal life policies. This isn’t unique to American Amicable but is common with universal life products where premiums can increase based on policy performance and age. It’s important to understand how universal life premiums work before purchasing.
The National Association of Insurance Commissioners (NAIC) tracks consumer complaints against insurance companies. American Amicable’s complaint ratio is within the normal range for life insurance companies of its size. No company is complaint-free, but American Amicable’s record suggests they handle most customer interactions satisfactorily.
Conclusion: Should You Choose American Amicable Life Insurance?
American Amicable offers a solid range of life insurance products that cater to different needs, from final expense coverage for seniors to term life for young families. Their specialty in no-medical-exam policies makes them particularly attractive if you have minor health issues, don’t want the hassle of medical exams, or need coverage quickly.
The company’s strong financial ratings (A from A.M. Best and A+ from BBB) provide confidence that they’ll be around to pay claims. With over a century of experience and backing from Industrial Alliance, American Amicable has the stability you want in a life insurance provider.
Their product lineup is comprehensive. Whether you need simple final expense coverage to protect your family from burial costs, affordable term coverage while your kids are young, or flexible universal life with cash value growth, American Amicable likely has an option that fits.
The simplified underwriting process is the standout feature. You can often get approved and have coverage in place within days rather than weeks. This is valuable if you need coverage quickly or if past health issues make traditional underwriting difficult.
That said, simplified issue policies typically cost more than fully-underwritten policies for healthy applicants. If you’re in excellent health, you might find better rates with traditional underwriting from companies like State Farm life insurance. It’s worth comparing quotes from both simplified issue and traditional companies to see which offers better value for your situation.
Key Takeaways
- American Amicable specializes in no-medical-exam life insurance with simplified underwriting that makes coverage accessible for people with minor health issues or those who want to avoid the exam process.
- Strong financial ratings provide confidence with an “A” (Excellent) rating from A.M. Best and A+ from BBB, indicating solid financial strength and good customer service practices.
- Wide age range coverage from newborns to age 85 across different products, with face amounts from $2,500 to over $100,000 depending on the policy type.
- Multiple policy types available including final expense whole life, universal life with flexibility, and term life for temporary coverage needs.
- Valuable optional riders like critical illness, terminal illness, disability income, and children’s coverage let you customize protection for your specific situation.
- Quick approval process with most policies issued within days rather than weeks, providing fast protection when you need it.
Ready to explore your life insurance options? Use the quoter on this page to get a free, no-obligation quote from American Amicable and other top-rated carriers. See how affordable protection can be.
American Amicable Frequently Asked Questions (FAQs)
Does American Amicable require a medical exam for life insurance?
No, most American Amicable life insurance policies don’t require a medical exam. They use simplified issue underwriting, which means you answer health questions on the application but skip the blood tests, urine samples, and physical exam. This makes the application process faster and more convenient. Final Expense, Easy Term, and Term Made Simple policies all offer no-exam coverage. Some universal life policies may require an exam for higher coverage amounts, but many applicants qualify without one.
What riders can I add to my American Amicable policy?
American Amicable offers several riders to customize your coverage. The Critical Illness Rider pays a lump sum if you’re diagnosed with covered conditions like cancer, heart attack, or stroke. The Disability Income Rider provides monthly income if you become totally disabled. The Terminal Illness Rider (included at no extra cost on most policies) lets you access part of your death benefit early if diagnosed with a terminal condition. Other riders include Waiver of Premium, Accidental Death Benefit, and Children’s Insurance Agreement. Available riders vary by policy type.
How financially stable is American Amicable?
American Amicable is financially stable with an “A” (Excellent) rating from A.M. Best, the leading insurance rating agency. They also hold an A+ rating from the Better Business Bureau. The company has been in business since 1910 and is backed by Industrial Alliance Insurance and Financial Services, a large Canadian insurer with over $200 billion in assets. These ratings and backing indicate American Amicable has the financial strength to meet its long-term obligations to policyholders.
What is American Amicable’s most popular product?
American Amicable’s Term Made Simple policy is one of their most popular products. It offers simplified issue underwriting with no medical exam required, making it easy to get coverage quickly. You can choose terms of 10, 15, 20, or 30 years with coverage starting at $50,000. The combination of affordable term life rates, no medical exam, and valuable optional riders makes it attractive for families seeking protection. Final Expense coverage for seniors ages 50-85 is also very popular due to the simple application and guaranteed acceptance options.
Can I get American Amicable life insurance if I have health issues?
Yes, American Amicable’s simplified issue policies are designed for people with minor to moderate health issues who might not qualify for traditional fully-underwritten coverage. You’ll still need to answer health questions on the application, but many common health conditions don’t automatically disqualify you. Conditions like controlled diabetes, high blood pressure, or past heart issues may be acceptable depending on severity and treatment. For seniors with significant health problems, some Final Expense policies offer guaranteed issue options with no health questions at all, though these typically have graded death benefits.
How long does it take to get approved for American Amicable insurance?
Most American Amicable simplified issue policies can be approved within 1-3 business days. Since there’s no medical exam required, the process is much faster than traditional underwriting. You complete the application, answer health questions, and the company reviews your responses. If everything looks good, you can be approved and covered quickly. Some policies offer instant decision underwriting where you find out immediately if you’re approved. Traditional underwritten policies (if you choose to go that route for potentially better rates) typically take 3-4 weeks due to the exam and medical records review.
