American Amicable Burial Insurance Review: Complete Guide to Plans and Pricing

American Amicable Life Insurance Company has been providing burial insurance and final expense coverage to American families for over 60 years. As a licensed insurance broker (FL #G180089, NPN #21367442) appointed with American Amicable, I've helped hundreds of seniors secure affordable burial insurance through their simplified underwriting process.

American Amicable stands out in the burial insurance market for their competitive rates, flexible coverage options ranging from $5,000 to $50,000, and streamlined application process that often provides same-day decisions. Their strong AM Best rating of A- (Excellent) reflects solid financial stability, giving policyholders confidence their claims will be paid.

In this comprehensive review, I'll break down American Amicable's burial insurance products, pricing structure, underwriting guidelines, and help you determine if they're the right fit for your family's needs.

What Is American Amicable Life Insurance Company?

Founded in 1963 and headquartered in Waco, Texas, American Amicable Life Insurance Company has built a reputation as a reliable provider of final expense insurance and burial coverage. The company maintains an AM Best rating of A- (Excellent), indicating strong financial strength and ability to meet policyholder obligations.

American Amicable operates in 49 states plus Washington D.C., making their burial insurance products accessible to most American seniors. The company focuses specifically on simplified issue and guaranteed acceptance life insurance, avoiding the complexity and medical requirements of traditional life insurance.

With over $2.8 billion in assets and more than 500,000 policies in force, American Amicable has established itself as a major player in the senior life insurance market. Their specialized focus on final expense and burial insurance means they understand the unique needs of older adults seeking affordable coverage.

American Amicable Burial Insurance Products

American Amicable offers two primary burial insurance products designed to meet different health and budget needs:

Simplified Issue Whole Life

Their flagship product is the Simplified Issue Whole Life policy, which requires no medical exam but includes a brief health questionnaire. This product offers:

• Coverage amounts from $5,000 to $50,000
• Immediate death benefit (no waiting period for natural death)
• Level premiums that never increase
• Cash value accumulation
• Ages 45-85 eligible to apply

The simplified issue application asks about specific health conditions but doesn't require blood work, urine samples, or medical exams. Most applicants receive instant decisions, with coverage effective immediately upon approval and payment.

Guaranteed Acceptance Whole Life

For seniors who cannot qualify for simplified issue coverage, American Amicable offers a guaranteed issue life insurance product with:

• No health questions asked
• Guaranteed approval for ages 50-85
• Coverage amounts from $2,000 to $25,000
• Two-year graded death benefit period
• Return of premiums plus interest if death occurs in first two years due to natural causes

The guaranteed acceptance option ensures that even seniors with serious health conditions can secure burial insurance coverage, though at higher premium rates due to the increased risk.

How Much Does American Amicable Burial Insurance Cost?

American Amicable's burial insurance rates are competitive within the final expense market. Pricing varies based on age, gender, health status, and coverage amount selected. Here are sample monthly premiums for their simplified issue product:

$10,000 Coverage - Non-Smoker Rates:

• Female Age 65: $35-42 monthly
• Male Age 65: $42-48 monthly
• Female Age 70: $48-55 monthly
• Male Age 70: $58-68 monthly
• Female Age 75: $68-78 monthly
• Male Age 75: $85-95 monthly

Smokers typically pay 25-40% higher premiums than non-smokers. The guaranteed acceptance product costs approximately 30-50% more than simplified issue rates due to the higher risk pool.

American Amicable offers several ways to reduce costs, including annual payment discounts and family discounts when multiple policies are purchased. Their competitive pricing makes them an attractive option for budget-conscious seniors seeking reliable burial insurance coverage.

American Amicable Underwriting Process

One of American Amicable's strongest advantages is their streamlined underwriting process. For simplified issue policies, applicants complete a brief health questionnaire covering:

• Current medications and recent hospitalizations
• History of cancer, heart disease, stroke, or COPD
• Insulin-dependent diabetes status
• Chronic kidney disease or liver problems
• Current tobacco and alcohol use

The application can be completed over the phone in 10-15 minutes. Most approvals are issued instantly, with coverage beginning immediately upon payment. Some applications may require a brief review period, typically resolved within 24-48 hours.

American Amicable tends to be more lenient than some competitors regarding certain health conditions. They often approve applicants with well-controlled diabetes, high blood pressure, and mild heart conditions that might be declined elsewhere.

Pros and Cons of American Amicable Burial Insurance

Pros:

• Competitive Rates: Often 10-20% lower than similar carriers for healthy applicants
• Fast Approvals: Most applications approved instantly with immediate coverage
• Flexible Coverage: Wide range of coverage amounts from $5,000 to $50,000
• Strong Financial Rating: AM Best A- rating provides confidence in claim payment ability
• Lenient Underwriting: More forgiving of certain health conditions than stricter competitors
• No Medical Exam: Simple phone application without medical requirements
• Level Premiums: Rates never increase regardless of age or health changes

Cons:

• Limited Availability: Not available in New York
• Age Restrictions: Simplified issue limited to ages 45-85
• Health Questions Required: Simplified issue includes health screening unlike guaranteed acceptance
• Graded Benefits: Guaranteed acceptance has two-year waiting period for natural death
• Higher Guaranteed Issue Rates: Guaranteed acceptance premiums significantly higher than simplified issue

Who Is American Amicable Best For?

American Amicable burial insurance works best for:

Budget-Conscious Seniors: Their competitive rates make them ideal for seniors seeking maximum coverage at minimum cost. The simplified issue product often provides the best value in the market for healthy applicants.

Seniors with Mild Health Issues: American Amicable's underwriting guidelines are more forgiving than some competitors, making them a good choice for applicants with controlled diabetes, hypertension, or mild heart conditions.

Families Seeking Fast Coverage: The instant approval process appeals to families who need coverage in place quickly, whether for peace of mind or immediate protection.

Seniors Age 65-75: This age bracket typically receives American Amicable's most competitive rates, making them particularly attractive for younger seniors planning ahead.

American Amicable vs Mutual of Omaha

Comparing American Amicable to Mutual of Omaha reveals key differences:

Financial Strength: Mutual of Omaha holds an A+ rating versus American Amicable's A-, giving Mutual of Omaha a slight edge in financial stability.

Pricing: American Amicable typically offers rates 5-15% lower than Mutual of Omaha for similar coverage, making them more budget-friendly.

Underwriting: Mutual of Omaha asks more detailed health questions and may decline applicants that American Amicable would approve.

Coverage Limits: Both companies offer up to $50,000 in coverage, but American Amicable's minimum coverage starts at $5,000 versus Mutual of Omaha's $2,000 minimum.

Customer Service: Mutual of Omaha has more extensive customer service infrastructure, while American Amicable offers more personalized service through independent agents.

Real Client Success Stories

Case Study 1 - Margaret, Age 68, Florida: Margaret contacted me after being quoted $78 monthly by another carrier for $15,000 in coverage. She had well-controlled Type 2 diabetes and high blood pressure. American Amicable approved her for simplified issue at $62 monthly - a savings of $192 annually. The instant approval meant her coverage was in place the same day she applied.

Case Study 2 - Robert, Age 72, Texas: Robert needed $20,000 in burial insurance but had been declined by two carriers due to a mild heart attack three years prior. American Amicable's underwriting team approved him for simplified issue coverage at $156 monthly. His family was relieved to finally have the protection they needed without waiting periods.

Case Study 3 - Dorothy, Age 79, Ohio: Dorothy couldn't qualify for simplified issue due to insulin-dependent diabetes, but American Amicable's guaranteed acceptance product provided $12,000 in coverage at $95 monthly. While more expensive than simplified issue, it gave her family the burial protection they wanted with no health questions asked.

How to Apply for American Amicable Burial Insurance

Applying for American Amicable burial insurance is straightforward:

1. Determine Coverage Needs: Calculate your burial and final expenses to determine appropriate coverage amount
2. Compare Products: Decide between simplified issue (health questions) or guaranteed acceptance (no health questions)
3. Complete Application: Provide basic information and answer health questions if applying for simplified issue
4. Review Terms: Understand your premium, death benefit, and policy features
5. Make Initial Payment: Coverage typically begins immediately upon payment

Working with an independent agent appointed with American Amicable ensures you get expert guidance through the application process and access to multiple carriers for comparison shopping.

American Amicable Claims Process

American Amicable has streamlined their claims process to reduce stress for grieving families. Key features include:

Simple Claims Filing: Claims can be initiated by phone, mail, or online portal. Basic documentation required includes death certificate and completed claim form.

Fast Processing: Most straightforward claims are processed within 5-10 business days once all documentation is received.

Direct Payment: Death benefits can be paid directly to beneficiaries via check or electronic transfer.

Assignment Options: Policies can be assigned to funeral homes for direct payment of services.

The company's focus on final expense insurance means their claims team understands the urgency families face and works to expedite legitimate claims.

Frequently Asked Questions

Q: Does American Amicable require a medical exam for burial insurance?
A: No, American Amicable offers no medical exam life insurance for both simplified issue and guaranteed acceptance products. The simplified issue product includes health questions but no medical testing.

Q: What health conditions disqualify you from American Amicable simplified issue?
A: Typical disqualifying conditions include insulin-dependent diabetes, active cancer treatment, recent stroke or heart attack, end-stage renal disease, and certain terminal illnesses. However, they're more lenient than many competitors.

Q: Can I increase my American Amicable coverage later?
A: You cannot increase existing coverage, but you can apply for additional policies subject to company maximums and underwriting approval.

Q: How long does American Amicable take to pay claims?
A: Most claims are paid within 5-10 business days once all required documentation is received and verified.

Q: Does American Amicable burial insurance build cash value?
A: Yes, both simplified issue and guaranteed acceptance policies accumulate cash value that can be borrowed against or withdrawn, though this reduces the death benefit.

Q: What states is American Amicable burial insurance available in?
A: American Amicable is available in 49 states plus Washington D.C. They are not currently licensed in New York.

Q: Can I pay American Amicable premiums annually?
A: Yes, American Amicable offers annual, semi-annual, quarterly, and monthly payment options. Annual payments typically receive a discount.

Q: What happens if I stop paying American Amicable premiums?
A: Policies have a 31-day grace period. If premiums aren't paid, the policy may lapse or convert to reduced paid-up insurance depending on available cash value.

Get Your American Amicable Quote Today

American Amicable burial insurance offers an excellent combination of competitive rates, flexible underwriting, and reliable financial strength. Their simplified issue and guaranteed acceptance products ensure virtually any senior can find appropriate coverage for their needs and budget.

As an independent broker appointed with American Amicable and eight other top-rated carriers, I can help you compare options and secure the best available rates for your specific situation. Whether you're seeking basic burial protection or comprehensive life insurance for seniors, American Amicable deserves consideration in your decision process.

Don't wait to protect your family's financial future. Burial costs continue rising, and your health may change. Call (561) 493-3152 today for your personalized American Amicable quote, or visit critical-life-insurance.com/quote to compare rates from multiple carriers instantly.

Remember, there's no cost for quotes, and you're under no obligation to purchase. But the peace of mind that comes with having your burial expenses covered is priceless for both you and your loved ones.