American Amicable Insurance Review (2024)
The American Amicable Life Insurance Company is an excellent company with an "A" rating from A.M. Best and term life insurance rates around $12/mo. However, your American Amicable life insurance rates will be determined by age, gender, and policy type. Compare American Amicable life insurance quotes to other companies to find the best policy for your needs.
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Jeff Root
Licensed Insurance Agent
Jeff is a well-known speaker and expert in life insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading...
Licensed Insurance Agent
UPDATED: Dec 8, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Dec 8, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- American Amicable Group offers three types of life insurance
- Out of the three life insurance policies, term life insurance is the cheapest
- American Amicable term life insurance rates are about $12/mo
- Although American Amicable isn’t included in the J.D. Power press release, it has an “A” rating from A.M. Best
You’ve narrowed down your life insurance shopping to American Amicable life insurance, and now you’re ready to see how much life insurance costs. As you look at quotes, you may wonder why insurance is so expensive, how to save on life insurance, and whether American Amicable is a good choice for your budget.
Our guide explores how you can find affordable American Amicable life insurance, what life insurance products are available, and American Amicable life insurance ratings.
Read on to learn more about the American Amicable life insurance company. Use our free online quote tool to compare the top companies in your local area.
American Amicable Life Insurance Policies
Before you buy American Amicable life insurance, take a look at which life insurance policies are available. Here is a list of American Amicable products.
- Final Expense Burial Insurance
- Term Life Insurance (10, 15, 20, 25, and 30-year terms available)
- Whole Life Insurance
- Universal Life Insurance
Term life insurance is the cheaper option from American Amicable. Permanent life insurance plans such as whole life insurance and universal life insurance are more expensive.
You can customize your life insurance with riders and fill the gaps in life insurance coverage.
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How much are American Amicable life insurance rates?
American Amicable life insurance quotes are based on age, gender, death benefits (policy limit), and policy type. We searched for permanent life insurance rates from American Amicable, but we couldn’t find them.
However, we did get our hands on American Amicable term life insurance rates. Let’s compare American Amicable life insurance quotes based on term, age, gender, and policy limit.
American Amicable Term Average Monthly Life Insurance Rates by Age, Gender, Term Length, and $100K Death Benefits
| Age of Non-Smoking Policyholder | American Amicable Monthly Rates Based on 10-Year/$100K Policy (Male) | American Amicable Monthly Rates Based on 10-Year/$100K Policy (Female) | American Amicable Monthly Rates Based on 20-Year/$100K Policy (Male) | American Amicable Monthly Rates Based on 20-Year/$100K Policy (Female) |
|---|---|---|---|---|
| 25 | $14.04 | $11.52 | $14.67 | $11.88 |
| 30 | $13.05 | $11.61 | $14.40 | $12.15 |
| 35 | $13.86 | $12.51 | $15.57 | $13.41 |
| 40 | $15.48 | $13.68 | $19.98 | $16.20 |
| 45 | $18.99 | $15.93 | $27.99 | $21.06 |
| 50 | $24.30 | $19.62 | $39.06 | $28.08 |
| 55 | $35.37 | $25.83 | $57.51 | $38.61 |
| 60 | $56.25 | $40.50 | $88.47 | $59.40 |
| 65 | $87.57 | $61.38 | $136.80 | $100.17 |
Younger policyholders, regardless of gender, can take advantage of cheap American Amicable life insurance since they have a higher life expectancy. Middle-aged and senior customers pay more per month due to a shorter remaining life expectancy.
Does American Amicable life insurance have good ratings?
American Amicable is a smaller company compared to New York Life and Mutual of Omaha. Therefore, it isn’t as popular with rating agencies like Fitch and Moody’s, but American Amicable is rated by A.M. Best. (For more information, read our “Mutual of Omaha Insurance Review“).
According to A.M. Best, the American Amicable rating is an “A.” This means American Amicable has a stable financial outlook and an excellent ability to meet obligations to customers.
American Amicable wasn’t part of J.D. Power’s 2020 U.S. Life Insurance Study.
Meanwhile, the Better Business Bureau awarded American Amicable with an “A+” – the highest grade at the rating agency.
On Indeed, American Amicable has a four-star rating from former and current employees.
How do I cancel an American Amicable life insurance policy?
Contact American Amicable customer service and let them know you want to cancel your life insurance policy. Any accumulated cash value is converted to a surrender cash value or moved to another company.
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American Amicable Life Insurance Company Overview
The American Amicable Life Insurance Company was founded in 1910 and currently has about 200 employees. The company has over $313 million in assets and over $2 million in individual life insurance policies.
American Amicable doesn’t have a strong TV commercial campaign, but it maintains an online presence.
Despite its assets, American Amicable life insurance has a smaller market share than the best life insurance companies. However, its market share doesn’t stop them from being involved in the community.
According to Bloomberg, American Amicable donated $50,000 through iA Financial Group to the Canadian Red Cross in 2019.
Navigating Claims Process
Ease of Filing a Claim
American Amicable Insurance offers a hassle-free claims process, allowing policyholders to file claims through various channels. Whether it’s online, over the phone, or through their user-friendly mobile apps, customers can conveniently initiate the claim process, making it accessible and convenient.
Average Claim Processing Time
One of the key aspects of American Amicable’s claims process is its efficient claim processing time. The company strives to expedite claims, ensuring that customers receive prompt responses and settlements. Timely processing adds to the overall positive experience for policyholders during what can be a stressful time.
Customer Feedback on Claim Resolutions and Payouts
American Amicable Insurance values customer feedback and works diligently to provide satisfactory claim resolutions and payouts. The company’s commitment to customer satisfaction reflects in the positive feedback received from policyholders.
This feedback indicates that American Amicable not only processes claims efficiently but also resolves them to the contentment of its customers, fostering trust and confidence.
Unveiling Cutting-Edge Digital and Technological Features by American Amicable Insurance
Mobile App Features and Functionality
American Amicable’s mobile app offers a range of features and functionalities designed to enhance user experience. From policy management to claims tracking, the app provides a seamless interface. Users can easily access policy details, pay premiums, and even initiate claims right from their smartphones, ensuring convenience at their fingertips.
Online Account Management Capabilities
American Amicable’s online account management capabilities empower policyholders to take control of their insurance journey. Through a user-friendly online portal, customers can view policy information, update personal details, and track premium payments. The intuitive interface simplifies policy management, making it effortless for users to stay informed and engaged.
Digital Tools and Resources
In addition to the mobile app and online portal, American Amicable offers various digital tools and resources to assist policyholders. These resources may include educational materials, FAQs, and interactive tools designed to help users understand their policies better.
By providing access to a wealth of information, American Amicable ensures that its customers are well-informed, enabling them to make informed decisions about their insurance coverage.
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American Amicable Life Insurance: What’s the bottom line?
There are both pros and cons to choosing American Amicable.
American Amicable pros include cheap term life insurance rates for younger customers, an excellent financial strength rating, and several life insurance options.
The company’s cons include more expensive rates for older customers and a low market share.
American Amicable has an excellent A.M. Best rating and cheap term life insurance rates for younger policyholders. However, American Amicable life insurance is more expensive for older customers.
We hope this American Amicable life insurance review has been helpful. Enter your ZIP code in the free comparison tool below to compare multiple companies near you.
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Jeff Root
Licensed Insurance Agent
Jeff is a well-known speaker and expert in life insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.