American Amicable Burial Insurance Review

In this article, we will be taking a detailed look at another common final expense carrier. In this American Amicable Burial Insurance Review, we will take an inside look at their burial insurance program. Do you want to know where they are good and bad? This article will tell you both. At the same time, check out who made our list of best burial insurance companies.

As is the case with all our burial insurance company review articles, you will find a quick and full review. The quick review is a fairly basic overview of the company and their burial insurance program. On the other hand, the full review is painstakingly detailed and thorough. Basically, we take a microscope to the burial insurance plan, and dissect every element.


Our Quick American Amicable Burial Insurance Review

American Amicable is a highly rated very financially sound insurance company based out of Texas. You can certainly trust them to remain reliable and stable for many more decades. They have a competitive final expense insurance program that offers a great value to many people. In total, they have three distinct plans.

First up is their Return of Premium plan. It’s a plan that comes with a 2-3 year waiting period depending on your age. If your health would be such that you would be qualified for this plan, you shouldn’t take it. There are cheaper options elsewhere.

Another option with American Amicable is their Graded plan. This comes with some immediate protection. As good as that sounds, there really is no reason why you should ever take this Graded plan. It’s just like the Return of Premium plan. If your health would put you into this particular plan, you can absolutely do better elsewhere.

Lastly is their Immediate benefit plan. Above all else, the tobacco rates for this plan are flat out outstanding. Quite frankly, this plan has some of the cheapest tobacco user rates in the business. If you are healthy enough to qualify for this plan, it’s not a bad deal by any means.

All around American Amicable has a rather middle of the pack burial insurance program. They do have a lot of valuable riders that most companies do not offer which might be something you are interested in. They certainly aren’t bad, but they really don’t stand out in too many situations.


Company Background

Based out of Waco, Texas, American Amicable started doing business back in 1910. They currently have an “A” (Excellent) rating with A.M. Best. Additionally, they are an accredited business and have an “A+” rating with the BBB.

The American Amicable group of companies consists of more than just American Amicable. They are also affiliated with:

  • IA American Life Insurance Company
  • Occidental Life Insurance Company of North Carolina
  • Pioneer American Insurance Company
  • Pioneer Security Life Insurance Company

All five companies are part of Industrial Alliance Insurance and Financial Services Inc. Altogether, they serve over four million families, employ over 5,000 people, and manage over $109 billion in assets.

Anyone who is familiar with Waco, Texas knows the American Amicable building. It’s the tallest building in downtown Waco. It has the acronym ALICO in giant letters at the top of the building. This building is the home office of American Amicable.



The Full American Amicable Review

If you keep reading, you will find a complete outline of American Amicable’s burial insurance lineup. There is no element we did not inspect. From underwriting to our opinions about their plans, we give you everything. This is hands down the most detailed and complete review of their final expense program.


American Amicable’s “Senior Choice” Plan

Choice Mutual Grade = B

Quick facts about this plan

  • Coverage never expires
  • 3 plans available- 1 with an immediate benefit
  • The monthly premium cannot increase
  • The benefit will not decrease

American Amicable’s burial insurance goes by the name “Senior Choice”. It’s not uncommon for final expense companies to name their burial insurance plans. Their Senior Choice Plan is available in every state within the USA. This plan is also available in Guam, and Puerto Rico.

This burial insurance by American Amicable is a permanent whole life product. They designed it specifically for final expense protection. Since its whole life, it will never expire at any point. The monthly payment cannot increase, and the benefits can’t decrease.

There are three versions of this plan available. Your health determines which plan you qualify for, if any. There is an immediate death benefit plan, graded death benefit, and return of premium death benefit plan.


Free Riders At No Additional Cost

American Amicable includes two no cost riders on most plans. American Amicable is unique in this area. Not many final expense companies include riders at no extra cost.


Terminal Illness Accelerated Benefit Rider

With this benefit, you can receive up to 100% of the death benefit. You must be diagnosed as terminally ill where life expectancy is 12 months or less (24 months in some states). This rider does not cost extra, and it’s included with with every policy.

Accelerated Benefits Rider- Confined Care

This rider will trigger if you are confined to a nursing home at least 30 days after the policy is issued. You can receive a monthly benefit of up to 5% of the face amount per month. This rider is only included on immediate death benefit plans. There are some states where this rider is not available.


Optional Riders For Minimal Extra Premium

You can elect to purchase these additional riders. Not all of these riders are available on all their plans.


Accidental Death Rider

This rider provides an additional death benefit should the insured pass away due to an accident. It is only available to those who are 50-80. The minimum amount of protection you may purchase is $2,500. The maximum amount of ADB coverage is no more than the face amount of the policy. This rider is not available on the Return of Premium Plan.

Grandchild Rider

You must be between 50 and 80 to add this rider onto your policy. Each unit provides $5,000 in protection for each grandchild who is under 21. You can purchase a maximum of 2 units.

One unit only covers a single grandchild or great grandchild. Make sure you purchase enough units to cover all those you are seeking to protect.

This rider also guarantees future coverage for the covered grandchildren or great grandchildren. The guarantee allows them to get up to $25,000 (per unit) of individual coverage. Your covered children can convert to individual protection regardless of their health. They guarantee it. Make sure they convert before they turn 21.

If you, the primary insured, pass away while this rider is in effect, the rider coverage becomes fully paid up. However, this does not apply to the Return of Premium Plan. Essentially, this means your covered grandchildren will not lose their coverage if you pass away. Their policy will stay with them forever. Furthermore, they will never have to pay for it.

Children’s Insurance Agreement

This rider is also sold by the unit. Each unit provides $3,000 of level term insurance on children. You can purchase no more than 2 units total.

The primary insured must be age 50-60 to be eligible for this rider. The children who are insured must be at least 15 days old, and must be less than 18.

The coverage on your children will remain until the earlier of the child’s 25th birthday or the primary insured’s 65th birthday. The protection on your children is convertible to a permanent plan. They may convert their coverage to a total amount of five times the face amount provided by the child rider.

Nursing Home Waiver of Premium Rider

This rider is only available on the immediate death benefit plan. It will waive payment of your policy premiums becoming due during your confinement in a qualified nursing home. There is a 90 day waiting period before this rider kicks in.

You must be confined continuously for the waiting period of 90 consecutive days before any benefits are applicable. You must still continue to make your premium payments during this 90 day waiting period.


Riders Summary

This is one area where American Amicable stands out among the crowd. They have many valuable riders available that other final expense companies do not offer.

The nursing home waiver rider is particularly unique and valuable. If you ever get confined to a nursing home, it may be the only thing that allows you to keep your burial insurance. Being in a nursing home is expensive. This rider relieving you of the premium payments, can be a massive financial help.

Remember, not all of American Amicable’s riders are available on every plan. Below is a handy chart to help you quickly identify which riders are available on for each plan.


American Amicable Riders Overview

Rider NameImmediate PlanGraded PlanReturn of Premium Plan
Nursing Home WaiverYESNONO
Accidental DeathYESYESNO
Terminal IllnessYESYESYES
Confined CareYESNONO


Qualifying for burial insurance with American Amicable

As previously stated, there are three plans available. Your health profile dictates which you qualify for, if any. American Amicable will asses four categories to come to a conclusion regarding your eligibility. The will take the following four things into consideration.

  1. They ask you the health questions
  2. They review your prescription history
  3. They analyze your height to weight ratio
  4. They check your MIB file

Insider Tip: Most build charts are relatively lax. However, if you have had issues in the past getting burial insurance due to your weight, we have this company that has NO build chart! This means they do not care about your height or your weight. Please fill out the quote form or call us. We will help you get protected.

American Amicable utilizes a point of sale process as part of their application. You, your agent, and the company will all complete a three way phone call. On this call, they will ask you all the health questions. They will get your authorization for them to check your MIB file and prescription history. Very often, they will render a final decision regarding your eligibility by the end of the call.

The very first step in applying for funeral insurance with any carrier is the health questionnaire. Below are the knockout questions for American Amicable. If you say yes to any of these, you are not eligible for any of their plans.


Here are the knockout questions:

  1. Are you currently hospitalized, confined to a nursing facility, a bed, or a wheelchair due to chronic illness or disease, currently using oxygen equipment to assist in breathing, receiving Hospice Care or home health care, or had an amputation caused by disease, or do you currently have any form of cancer (excluding basal cell skin cancer) diagnosed or treated by a medical professional, or do you require assistance (from anyone) with activities of daily living such as bathing, dressing, eating or toileting?
  2. Have you had or been medically advised to have an organ transplant or kidney dialysis, or have you been medically diagnosed as having congestive heart failure (CHF), Alzheimer’s, dementia, mental incapacity, Lou Gehrig’s disease (ALS), liver failure, respiratory failure, or been diagnosed by a medical professional as having a terminal medical condition or end-stage disease that is expected to result in death in the next 12 months?
  3. Have you been medically treated or diagnosed by a medical professional as having Acquired Immune Deficiency Syndrome (AIDS), AIDS related complex (ARC), or any immune deficiency related disorder or tested positive for the Human Immunodeficiency Virus (HIV)?


Don’t take it just because you can

If you answered no to all these questions and your prescription history is clear of any treatment for these conditions, American Amicable surely has a burial insurance plan available to you.

However, just because they have a plan they can place you with, does not mean you should take it. It may turn out that another insurance company would offer you a better price than American Amicable. As an independent agency, Choice Mutual will look at your overall health profile. We will shop many of the top final expense companies to see which one will give you the best rate possible.

It may be one of American Amicable’s plans, but it may not be. Just be forward and honest with your Choice Mutual agent, so they can place you with the most appropriate carrier possible.


What If You Have A Knockout Health Condition?

We are frequently asked this question. Most final expense companies have very similar knockout questions, but they do differ ever so slightly. They all usually cover the same health conditions. People often wonder what options they have if they these knockout situations apply to them.

The great news is that there are always options. Literally, we can get coverage for you no matter how bad your health is. However, your best course of action is dependent on exactly which knockout scenario applies to you.

You may have a condition that another burial insurance company gladly accepts. Remember, all these final expense companies are different in subtle ways. They all have different underwriting criteria. One insurer might flat out decline insulin dependent diabetics. On the other hand, another insurer will welcome them with open arms.

We will look to see if your condition is freely accepted by another insurer. If there is none available, we can always use Gerber Life as the last resort. Gerber has a guaranteed issue burial insurance plan that accepts everyone. They ask no health questions, and do not check your health history in any way.

A guaranteed issue policy is more expensive than a policy that has health questions. It also comes with a two year waiting period. Again, we would only use this if we had to. Thankfully, it’s an option because it means we can get you coverage no matter what!


The “Return of Premium Plan” (ROP) from American Amicable

Choice Mutual Grade= D

Quick facts on this plan

  • Coverage never expires
  • 2-3 year waiting period
  • The monthly premium cannot increase
  • The benefit will not decrease

To be eligible for this plan, you would have to say no to all the knockout questions. Furthermore, your medical history would need to be clear of treatments for the knockout conditions.

You will be approved for the ROP plan if you say yes to any of the following health conditions.


Here are the Return of Premium Plan questions:

  1. Have you ever been medically diagnosed or treated for complications of diabetes, including insulin shock, diabetic coma, retinopathy (eye), nephropathy (kidney), neuropathy (nerve damage/pain), or used insulin prior to age 50?
  2. Have you ever been medically diagnosed, treated or taken medication for renal insufficiency, kidney failure, chronic kidney disease, or more than one occurrence of cancer in your lifetime (excluding basal cell skin cancer)?
  3. Within the past 2 years have you had any diagnostic testing (excluding tests related to Human Immunodeficiency Virus (HIV)), surgery, or hospitalization advised by a medical professional which has not been completed or for which the results have not been received?
  4. Within the past 2 years have you:
    • been medically diagnosed or treated for angina (chest pain), stroke or TIA, cardiomyopathy, systemic lupus (SLE), cirrhosis, Hepatitis C, chronic hepatitis, chronic pancreatitis, chronic obstructive pulmonary disease (COPD), emphysema, chronic bronchitis, or required oxygen equipment to assist in breathing?
    • had a heart attack or aneurysm, or had or been medically advised to have any type of heart, brain or circulatory surgery (including, but not limited to a pacemaker insertion, defibrillator placement), or any procedure to improve circulation?
    • been medically diagnosed, or treated, or taken medication for any form of cancer (excluding basal cell skin cancer)?
    • used illegal drugs, abused alcohol or drugs, had or been recommended by a medical professional to have treatment or counseling for alcohol or drug use or been advised to discontinue use of alcohol or drugs?

In addition to these health questions, they will look to see if you have had any treatments for these conditions. Therefore, you will be approved for this ROP plan if your medical history shows treatment for these conditions.


A slightly different waiting period

This plan comes with a waiting period. They will not pay out the death benefit if you pass away during the waiting period. If you are under 65, they will return all your premiums plus 10% interest if you die within the first three years. If you are 65 or older, they will return all your premiums plus 10% interest if you pass during the first two years.

American Amicable will pay out 100% of the death benefit, even during a waiting period, if the cause of death is due to an accident.

There is a minimum face amount of $2,500 in protection on this plan ($5,000 in Washington). There is a maximum amount of coverage of $20,000.


Is this plan good or not?

This ROP burial insurance plan by American Amicable is very lackluster. For starters, the cost is rather high. The main issue however is not the price. The problem has more to do with the underwriting. Many of health conditions in this section are freely accepted by other burial insurance companies. Ultimately, those companies will charge you much less.

Here are some of American Amicable’s Return Of Premium Plan health conditions where we would not recommend you take this plan.  Another company would charge you less, AND have no waiting period or a reduced one:

  • Complications of diabetes
  • You have had cancer more than once in your lifetime
  • TIA/ Mini Stroke
  • Chronic Pancreatitis
  • COPD, Emphysema, or Chronic Bronchitis

You may view American Amicable’s riders as valuable, and that may be why you go with this ROP plan. However, aside from that, we just don’t recommend you take this plan. Not only is it costly, but it has a longer than normal waiting period for people under 65.

Just be sure to tell your Choice Mutual agent everything, so they can match you with the cheapest and best final expense company possible. It likely won’t be this ROP plan.


“Graded Plan” by American Amicable

Choice Mutual Grade= D

Quick facts on this plan

  • Coverage never expires
  • Partial immediate benefit
  • The monthly premium cannot increase
  • The benefit will not decrease

To be eligible for this plan, you would have to say no to all the knockout & ROP health questions. Furthermore, your prescription history and MIB file would have to show no treatment for ROP or knockout conditions.

Below you will find the graded questions. If you say yes to any of these or have a history of treatment for these conditions, you will be approved accordingly.


Here are the graded questions:

  1. Within the past 3 years have you been medically diagnosed or treated, or hospitalized for:
    • stroke, angina (chest pain), heart attack, aneurysm, heart or circulatory surgery or any procedure to improve circulation?
    • or taken medication for any form of cancer (excluding basal cell skin cancer), emphysema, chronic bronchitis, chronic obstructive pulmonary disease (COPD), ulcerative colitis, cirrhosis, Hepatitis C, or liver disease?
    • paralysis of two or more extremities or cerebral palsy, multiple sclerosis, seizures, Parkinson’s disease or muscular dystrophy?

With their graded plan, there is a limited payout of benefits during the first two years. During the first year of the policy, they will pay out 30% of the death benefit. They will pay out 70% of the death benefit during the second year. After two full years, they will pay out 100% for life.

If you pass away as a result of an accident, they will pay out 100% starting on day one of the policy.

There is a minimum face amount of $2,500 in protection on this plan ($5,000 in Washington). There is a maximum amount of coverage of $20,000.


You can do better elsewhere

It’s nice that they provide you with some form of immediate protection. However, that is about the only nice element to this plan. We gave is such a low mark simply because it does not serve the client well at all relative to their options elsewhere. There is no reason for anyone to ever take this plan.

If you look at the ROP questions and the graded questions, you will notice that the health conditions are nearly the same. The only real difference is the time regarding treatment. ROP questions ask about treatment for these conditions within the last 2 years. Meanwhile, the graded questions ask about treatment within the last 3 years.

Essentially, they are asking have you had treatment for these conditions greater than 2 years ago but less than 3. The big problem with this is that almost all the other final expense companies only care about stuff within the last two years. If you have been clear of treatment for 2 straight years, they no longer penalize you.In effect, American Amicable is adding on another year of penalty. Relative to their competition, they really dropped the ball on their graded plan.

All around, this graded plan is not competitive at all. If you currently have a policy with American Amicable and you just want to have all your coverage through them, go for it. Aside from that, we don’t recommend this plan for anyone.


The “Immediate Benefit” Plan option with American Amicable

Choice Mutual Grade= A

Quick facts on this plan

  • Coverage never expires
  • Immediate benefit with no waiting period
  • The monthly premium cannot increase
  • The benefit will not decrease

To be eligible for this plan, you have to say no to every single health question on the policy. Additionally, you must have no treatment history for any of the health conditions they ask about.

You must purchase at least $2,500 in coverage ($5,000 in Washington). You can purchase a maximum amount of coverage of $30,000. This immediate benefit plan is a well rounded decent policy for many applicants. In particular, it’s extremely good for smokers. American Amicable has some of the best tobacco user rates in the business.

This plan comes with first day coverage. There is absolutely no waiting period. Even for non smokers, the pricing is respectable. There are other carriers that beat their prices, so it will comes down to what’s important to you.


Really good tobacco user rates

If you smoke or chew tobacco, you are going to pay more for your life insurance. This is an inescapable reality for smokers. American Amicable’s smokers rates are very often some of the lowest in the industry.

Another reason you might go with American Amicable’s immediate benefit plan is because of their riders. They have many rider options that other final expense companies do not offer. If they are of interest to you, then this plan could be a winner.


Common health ailments accepted

As with most final expense companies, American Amicable is totally fine with most common health conditions seniors deal with. Here are just some of the common health problems they willingly accept.

  • High Blood pressure
  • Mental health issues
  • Cholesterol Issues
  • Diabetes
  • Arthritis
  • Blood Thinners

This immediate benefit plan might be your best option, or it might not be. Your Choice Mutual agent will give you a host of options and let you decide.


American Amicable Summary

To be perfectly frank, American Amicable’s Senior Choice plan is not the best option for most applicants. This is neither bad or unique because every final expense insurance company excels and lacks in certain areas.

For American Amicable, they excel at smoker rates and their rider availability. If those apply to you, then they are going to serve you well. If that is not the case, you will probably be better off by going with another insurance company. American Amicable Burial Insurance Review

Our objective is very simple. It’s to find which insurer, out of them all, will give you the best value. All in all, we merely make recommendations. However the choice will always be yours.

We are an independent agency so we have access to all the top rated burial insurance companies in the USA. Our freedom to choose is what enables us to always put you in the best final expense plan possible.

If you are seeking peace of mind, give us a call or fill out the quote form. Knowing your funeral expenses will not be left to your family is a wonderful feeling. We have helped many families realize this vision, and we would love to help you too.