Americo Burial Insurance Review

Written on July 13, 2016 by Choice Mutual

Americo Burial Insurance Review

Take a minute and fill out the quote form on this page. Afterwards, you will see a list of real prices from top rated burial insurance companies in your state. Determining which burial insurance is best for you is not as simple 1,2,3. It really depends on your overall health. We can quickly and faithfully identify which company would be best for you. Call us at 1-800-644-2926, or include a good phone number when you fill out the quote form. We are here to help.

Today we will be taking a look at another great final expense company. Americo is one of the companies we selected when we did our review of top 10 best burial insurance companies. In this Americo burial insurance review, we will take a fine tooth comb to their entire burial insurance program. More than likely, you want to know which burial insurance company is your best bet. Well, this review should give you a good indication about whether or not Americo is in the running.Americo Burial Insurance Review

As with all our reviews, we put burial insurance plans under a microscope. Most burial insurance reviews are just a copied version from an insurance company’s about page. In the end, you don’t learn anything about how the plan actually works or who it’s good for. We go much further than our competitors. We break down, in detail, everything about the plan itself. We thoroughly analyze the plan’s options, and its underwriting. The goal is to give you an insider’s understanding of the burial insurance plan. In effect, we feel this is the information that helps you make an educated decision.

We have taken the time to give you two review options. First, you can read our quick review. Basically, this is a general review along with our opinion of the company for each of their plans. If you keep on reading, you will find our full Americo review. This is what you want if you are interested in learning about every single detail possible. We breakdown every policy option, the underwriting, where the plans are good and bad, and our overall opinion.

 

Our Quick Americo Burial Insurance Review

Americo is a long standing very financially sound insurance company. They have a very robust and diverse burial insurance program. In totaly, they have four different plans you can potentially quailfy for. Some are good and some are bad.

For starters, their Ultra Protector III plan is one of the worst options possible. Literally nobody should ever take this plan. You can easily get a much cheaper guaranteed issue plan with Gerber Life instead of taking Americo’s UP3 plan.

On the other hand, their Ultra Protector II plan is quite nice. It offers you the ability to secure a burial insurance plan with full first day coverage. This is quite nice and unique considering the various health conditions the UP2 plan accepts. If you have COPD, liver or kidney issues, or diabetic complications, the UP2 plan could be a great option for you.

Their Ultra Protector I plan is rather dull. Honestly, if you medically qualify for their UP1 plan, you can easily get cheaper coverage elsewhere.

Lastly, their Eagle Series plan is quite different than their Ultra Protector plans. It’s good in it’s own right. Basically, you should take a look at this plan if you have tumors, heart attacks or strokes at least 12 months ago, Parkinson’s disease, or systemic lupus. These are some areas where the Eagle plan really shines.

Americo can be a wonderful burial insurance option for you if you deal with some of the issues outlined in this review. If not, you should probably look at another company, for you will likely get a better price. What makes Americo such a strong player in the final expense business are their underwriting niches. They can serve certain people like no other company can.

 

Company Background

Americo has a very solid company background. They have been in business over 100 years, A.M. Best currently has them rated as A (Excellent).  Their home office is located out of Kansas City Missouri, but they do business all over the USA except NY & VT.

Americo offers many different types of life insurance and annuity products. They currently have over $6.1 in assets under management. There are over 640,000 policies currently in force which equates to over $31.6 billion of life insurance protection. These stats bare truth to the fact that Americo is one of the largest privately held insurers in the nation.

Without questions, Americo has one of the most respectable financial statements in the final expense business. If you have your burial insurance through Americo, you can feel comfortable knowing the funds will be there for your family. This is true both today and down the line.

Although Americo offers other products other than final expense insurance, we will not be including any of them in this article. This review will strictly cover their burial insurance offerings.

Americo Burial Insurance Review

The Full Americo Review

Just below you will find our complete review of Americo’s burial insurance program. They have many different plans you can qualify for based on your health. Some of them are good, and some are bad. There is no detail we left out. Keep reading to become an Americo master.

 

Americo’s “Ultra Protector Series”

Choice Mutual Grade= B

Quick facts about these plans

  • Coverage never expires
  • Payments cannot increase
  • Coverage never decreases
  • 3 plans available- 2 with immediate protection

Americo’s main burial insurance program goes by the name Ultra Protector Series. In total, there are 3 different ultra protector plans available. Ultimately, your health will decide which plan you may qualify for.

All 3 plans are whole life insurance. For this reason, they will never expire. Also, the monthly payments are fixed for life, and the benefits cannot decrease. Basically, the policy never changes unless you change it.

The ultra protector series burial insurance by Americo has two immediate benefit plans. In contrast, their ultra protector III plan does come with a waiting period. To clarify, the two immediate benefit plans are ultra protector I and II.

 

different from the rest

With most companies, it’s quite rare to receive immediate first day protection if you answer yes to a health question. Typically, the only way to get immediate protection with the majority of final expense companies is to say no to every single one of their health questions. Amazingly, Americo will allow you to say yes to some health questions, and still receive full first day coverage.

 

incredibly unique opportunity for non cigarette tobacco users

Americo stands tallest in the burial insurance market in one major way. If you use smokeless tobacco (e cigarettes), cigars, or pipe smoking, you qualify for their non tobacco rates. This results in a massive savings on your premiums. Consider, tobacco rates for life insurance are easily 50-100% more compared to non tobacco users.

If you use any of those non cigarette tobacco products, Americo will give you an unbeatable price. Other burial insurance companies just can’t compete with this provision.

 

The ultra protector application process

In short, you fill out the application and submit it to Americo. Then, they will render a decision within a week or so. It’s pretty straightforward.

Americo’s application process for their ultra protector series is slightly different than most final expense companies. First, they have no point of sale interview. Additionally, they do not have any knockout health questions. To the contrary, most burial insurance companies have both.

To clarify, a point of sale interview is a short phone call with the burial insurance company as part of the overall application process. On the call, the insurance company will formerly ask you all their health questions. In most cases, you will receive a final decision regarding your approval.

A point of sale is wonderful. It allows you to very often receive an instant decision regarding your eligibility. We find that most customers prefer to know right away if they are approved or not.

 

How they qualify you

Overall, Americo will consider the following 4 elements in their risk assessment:

  • Your answers to the health questions
  • Your height to weight ratio
  • Your prescription history
  • Your MIB file

Americo, like all burial insurance companies, will analyze your prescription history. Basically, they are looking for medications that treat any of the conditions that appear on the application. If they find something, they are very likely going to view you as having the condition related to the prescriptions they find.

For example, lets say they find that you are taking medications for congestive heart failure. Consequently, they will assume you have CHF. You could even say no to the CHF health question. However, it will not matter. Without a doubt, they will believe you have CHF because of your prescription history. This is a very standard practice for final expense companies.

In addition to the prescription check, they will also access your MIB file. MIB stands for Medical Information Bureau. Basically, it’s an organization that stores records about your health. Americo will analyze your file for any relevant records. If they find something, it could affect your eligibility.

As previously mentioned, Americo has no knockout questions. As such, there is no condition you could have where Americo does not have an ultra protector plan available.

This is very different than most final expense companies. Most burial insurance plans have a set of knockout conditions. In other words, they have a list of health conditions where they are unable to offer you any coverage.

With Americo, it’s just a matter of which of their plans you qualify for. You probably think it’s amazing that they accept everyone. Quite honestly, it is very cool they allow this. However, we will go on to explain that you probably should not accept whatever it is they may offer you.

Some of their plans are good, and some are bad. The key is to identify which is right for you, if any.

 

Americo’s “Ultra Protector III” Plan

Choice Mutual Grade= F

Quick facts about this plan

  • Coverage never expires
  • Payments cannot increase
  • Coverage never decreases
  • Comes with a waiting period

This ultra protector III plan (UP3 is the abbreviation) is essentially just a guaranteed issue plan. A guaranteed issue burial insurance plan asks no health questions or checks your medical history. The policy is issued without going through any kind of underwriting. Because of this, all guaranteed issue final expense plans come with a mandatory waiting period.

 

Longer than average waiting period

Americo’s ultra protector III comes with a longer than average waiting period. Here is the UP3 waiting period breakdown:

  • Year 1: Return of all premiums plus 10%
  • Year 2: Return of all premiums plus 10%
  • Year 3: 75% of the face amount
  • Year 4+: 100% of the face amount

As you can see, it takes three full years before 100% of your benefit pays out. By and large, it’s very uncommon to have to wait this long before your policy goes fully into effect. Most burial insurance plans that come with a waiting period only make you wait two years.

 

to answer or not to answer. the choice is yours

With Americo, they give you the option to not answer any health questions. If you do this, they automatically place you in the ultra protector III plan. If you want to qualify for some of their better plans, you have to answer the health questions.

Insider Tip: The overwhelming majority of applicants SHOULD apply for burial insurance that has health questions. Over 90% of our clients are successfully approved for a final expense plan that has health questions. In the end, this results in them paying less per month as well as avoiding unnecessary waiting periods. If you need burial insurance, please contact us. We will find you the best plan possible. Call us or fill out the quote form. We shall be in touch immediately.

Americo’s  health questions are divided into two sections. Part 1 has the ultra protector III questions. If you say yes to any of these questions, they will only offer you the UP3 plan.

 

Here are the ultra protector III health questions:

  1. Is the Proposed Insured currently: hospitalized, bedridden, confined to a nursing facility, receiving hospice or home health care; using oxygen to assist in breathing now or within the last six (6) months; confined to a wheelchair or using a walker for a chronic illness now or within the last six (6) months; waiting for or have received an organ transplant; advised to have tests or surgery which have not been completed within the last twelve (12) months; diagnosed with a terminal illness; or paralyzed?
  2. Has the Proposed Insured ever:
    • Had, been told they have, been treated for, or been prescribed medication for: Alzheimer’s disease, dementia, memory loss, muscular dystrophy, or ALS (Lou Gehrig’s Disease)?
    • Been diagnosed as having, been treated by a medical professional for, or tested positive for: Acquired Immune Deficiency Syndrome (AIDS), AIDS-Related Complex (ARC), or the Human Immunodeficiency Virus (HIV)?
  3. In the past three (3) years, has the Proposed Insured been told they have, or been treated by surgery, chemotherapy, radiation, taken or been prescribed medication for any internal cancer or malignant melanoma (not basal cell skin cancer)?
  4. In the past twelve (12) months, has the Proposed Insured had, been told they have, been treated for, taken or been prescribed medication or had surgery for: heart bypass, angioplasty (balloon procedure), stent placement, heart valve disorder; cardiac arrhythmia (including atrial fibrillation or flutter and ventricular fibrillation or flutter), heart attack, or angina (chest pain)?
  5. In the past two (2) years, has the Proposed Insured had, been told they have, been treated for, or been prescribed medication or had surgery for congestive heart failure, cardiomyopathy, stroke, circulation or blood clot problems in the legs or to the heart or brain, systemic lupus, chronic kidney disease, or kidney failure?
  6. In the past two (2) years has the Proposed Insured:
    • Had, been told they have, been treated for, or been prescribed medication for drug or alcohol abuse/dependency or addiction?
    • Been asked to discontinue use or reduce intake of drugs or alcohol?
  7. In the past two (2) years, has the Proposed Insured been told they have, been treated for, or taken medication for diabetes in combination with stroke or TIA, heart disease or disorders, kidney disease, eye problems or any other circulatory disease (any disease that affects the heart and the blood vessels)?

 

final ruling on Ultra protector III

To be brutally honest, nobody should ever take the ultra protector III plan. There simply is no reason to.

For starters, many of these conditions are freely accepted by other final expense companies. Moreover, these other companies will issue you first day coverage (absolutely no waiting period) for much less money. It’s a no brainer.

Secondly, if you do truly need a guaranteed issue policy (which is very rare), Gerber Life charges less than half the price for the same thing! Additionally, the waiting period with Gerber Life is only two years.

In conclusion, Gerber costs less and goes into effect sooner. It’s better in every way. Now you can see now why we claim that nobody should ever take the UP3 plan.

 

The “Ultra Protector II” Plan by Americo

Choice Mutual Grade= A

Quick facts about this plan

  • Coverage never expires
  • Payments cannot increase
  • Coverage never decreases
  • 100% protection from day one

To be eligible for this plan, you have to say no to every UP3 health question. Additionally, you must not have any medications consistent with UP3 conditions.

Below are the ultra protector II (UP2) health questions. If you say yes to any of these, you will be approved for the UP2 plan.

Here are the ultra protector II health questions:

  1. In the past two (2) years, has the Proposed Insured ever been told they have, been treated for, or been prescribed medication for: Parkinson’s disease, cirrhosis of the liver, chronic hepatitis, or other liver diseases or disorders?
  2. In the past three (3) years, has the Proposed Insured experienced complications of diabetes including: amputation, eye or kidney problems, insulin shock, or diabetic coma?
  3. In the past two (2) years, has the Proposed Insured had, or been told they have, been treated for, or been prescribed medication for heart bypass, angioplasty (balloon procedure), stent placement, heart valve disorder, heart attack, angina (chest pain), or coronary disease?
  4. In the past two (2) years, has the Proposed Insured had, been told they have, been treated for, or been prescribed medication for: emphysema, chronic bronchitis that is not seasonal, or any other chronic respiratory or lung problem excluding allergies or asthma?

 

Plan availability

With the UP2 burial insurance plan, you can buy as little as $2,000 in protection. Alternatively, the most you can buy is $30,000. This plan is available in all states except for MS, NY, and VT. If you are between the ages of 50 and 80, you can apply for this final expense coverage.

 

Great rider options

When you qualify for their UP2 plan, there are some great rider options available. In fact, one of them is free!

 

Accelerated Benefit Payment Rider

This rider kicks in if you are diagnosed with a terminal illness that is expected to cause death in 12 months or less. However, its 24 months if you live in IL, MA or TX. Basically, Americo will advance you up to 50% of your death benefit. The maximum amount they will advance is $15,000, and the minimum is $1,000. This rider is built in, and does not cost any extra money.

Accidental Death Benefit Rider

This rider will pay out an additional death benefit if you pass away due to an accident. Additionally, it provides an additional payment in the event you pass away while using a common carrier mode of transportation (bus, train, plane etc). This rider does cost extra. You may elect to add this onto your policy, or you can decline it altogether.

Children’s Term Rider

First, you must be 60 or younger to be eligible to add this on to your policy. This rider provides level term insurance on any of your natural or legally adopted child, stepchild, or dependent grandchild. The child must be age 16 or less at the time of the application. Once the rider is in place, it will automatically cover any additional children in the future.

It’s sold by the unit. Each unit provides $1,000 in protection. The maximum amount of child rider coverage you may purchase is the lesser of two options. The first is the face amount of your policy. The second is $5,000. Again, whichever option is lower is the maximum amount of child rider coverage you may purchase.

The children’s coverage is also convertible. Conversion to a new policy is available on the child’s 23rd birthday, or the coverage anniversary nearest the insured’s 65th birthday, whichever comes first. Conversion to a permanent policy is permitted up to four times the amount of coverage in force on the child. Any child who wishes to convert will not have to show evidence of insurability. In other words, they will not have to go through any underwriting. Americo guarantees their approval.

 

Americo Burial Insurance ReviewTrue first day protection

This plan comes with an immediate benefit. Your coverage is available in full starting on the day you make your first payment. As previously stated, this is very rare. Most final expense plans impose a waiting period (full or partial) of some kind if you answer yes to a health question. This company is similar to Americo. They too give you full coverage on day one even if you answer yes to some of their health questions.

 

Is this UP2 plan a good fit for me?

As we have repeatedly stated, which plan is best for you depends on the nature of all your health conditions. Americo’s ultra protector II plan is very good option in various circumstances. Take a look below to see where their UP2 plan stands out.

 

Instant protection in spite of serious health problems

You can have any of the following health challenges, and still qualify for the UP2. Remember, you are still going to receive no waiting period even with the following conditions.

  • COPD or Emphysema
  • Parkinson’s disease
  • Cirrhosis of the liver
  • Hepatitis
  • Diabetes problems: amputations, insulin shock, diabetic coma, eye or kidney issues, or insulin use before age 50

Liberty Bankers is another such company that does something similar. They too would offer you full first day coverage in spite of these conditions. However, Liberty Bankers does not accept the diabetes related issues.

 

fantastic prices for tobacco use combined with certain health conditions

Do you smoke cigarettes or chew tobacco? Do you have any of the health issues from the above list? If you said yes to both, this UP2 plan will likely be your best option. It’s highly unlikely that you will get a better price elsewhere.

To be honest, many burial insurance companies will flat out decline you for many of those conditions. At the very least, most other companies will charge you way more money, and give you a waiting period.

 

Early age Insulin usage & diabetes complications

Americo’s ultra protector II final expense is one of the only companies that will issue you first day coverage if you have had any of the following:

  • Pre age 50 insulin usage
  • Diabetic coma
  • Amputation due to diabetes
  • Eye or kidney problems due to diabetes

First of all, it’s incredibly rare for a final expense company any of the above health issues. Additionally, for those that do issue coverage to people with these conditions, a waiting period is almost always imposed.

Americo really shines bright in the diabetic complications area. Not only will they actually issue you coverage, but they will not impose any sort of waiting period whatsoever. If you have any of those conditions, UP2 is probably the only way you will get immediate protection, and not have to pay through the nose to get it.

This company is also incredibly friendly to diabetics. They gladly accept most diabetic complications. More than likely, they or Americo will be your go to company if you have serious diabetes issues.

All around, their UP2 plan is a great fit for people in all the above situations. Unfortunately, they will deny you if you have diabetes issues in combination of heart or stroke issues. Just make sure you are totally forward with your Choice Mutual agent. This gives them the information they need to find you the most competitive plan possible.

 

The Ultra Protector I option with Americo

Choice Mutual Grade= B

Quick facts about this plan

  • Coverage never expires
  • Payments cannot increase
  • Coverage never decreases
  • Immediate protection starting on day one

For starters, you must say no to every health question to qualify for this plan. Furthermore, your prescriptin history and MIB file must also confirm that you have not had any of the health conditions listed on the application.

The UP1 plan also comes with immediate protection. Your coverage is payable in full starting from the first day of your policy.

 

Plan availability

$2,000 in minimum amount of protection you can buy with this plan. The highest you can purchase is $30,000. It’s available in all states except for MS, NY, and VT. If you are between the ages of 50 and 85, you can apply for this final expense coverage.

 

riders options

You have access to all the same riders available on the UP2 plan.

 

Who should take this plan?

This plan is decent, but there are better and cheaper options out there. If you qualify for this plan, you absolutely qualify with many other companies. Americo’s prices on this plan aren’t super high, but they are a bit higher than a lot of other companies.

For example, this company will easily beat their rates. If you qualify for this UP1 plan, you qualify for their best plan as well.

All things considered, we strive to get you the best priced plan possible. As such, we would definitely place you with a company that charges you less than Americo. Of course, this is assuming that you qualify you for this UP1 plan.

 

Americo’s “Eagle Series” final expense

Choice Mutual Grade= A

Quick facts about this plan

  • Coverage never expires
  • Payments cannot increase
  • Coverage never decreases
  • First day coverage with no waiting period whatsoever

First of all, Eagles are awesome. Americo’s Eagle plan is not quite as awesome as the bird. Overall, its a very lacking for most people. It’s entirely different than their ultra protector series. It has totally different underwriting, and a totally different application process. Having said all of that, if you have certain health conditions, they could be your absolute best option.

 

similar but different

It’s whole life as well, so it will never expire. The rates are still fixed, and the benefits cannot go down. Lastly, it’s available in all the same states as the ultra protector I and II.

A notable difference is that the Eagle plan comes with accidental death coverage at no additional cost. Also, the application does involve a point of sale interview. You and your agent will complete a three way phone call with Americo. They will collect all your information, and ask you all the health questions. They will render a final decision by the end of the call. Whereas with the ultra protector series, you have to wait a couple of days to receive a decision.

 

qualifying for eagle

Americo Burial Insurance Review

As with the ultra protector plan, Americo will look at your health in four ways to determine if you qualify. They will ask you their health questions, and check your prescription history. Then, they will check your MIB file. Finally, they will compare your height and weight to their build chart.

With this Eagle plan, you have to say no to all their health questions to be eligible. Furthermore, you must have no history of treatment for the conditions that appear on the application.

 

Here are the Eagle Health questions:

  1. Have You ever been diagnosed, treated, tested positive, or been given medical advice, or prescribed medication by a member of the medical profession for:
    • Alzheimer’s disease, dementia, memory loss, muscular dystrophy, or ALS (Lou Gehrig’s disease)?
    • Congestive heart failure or cardiomyopathy, chronic kidney disease or kidney failure, or received kidney dialysis?
    • Cirrhosis of the liver, liver failure or other liver diseases (excluding Hepatitis A, B, or C)?
    • Emphysema, chronic obstructive pulmonary disease (COPD), or any other chronic respiratory or lung problem, excluding allergies or asthma?
    • Metastatic cancer (cancer that has spread to other parts of the body)?
    • Two (2) or more occurrences of cancer of any kind or a reoccurrence of a previous cancer?
    • AIDS, ARC, or HIV?
  2. In the past twenty-four (24)months, have You been diagnosed, treated, tested positive, or been given medical advice by a member of the medical profession for:
    • Internal cancer or malignant melanoma (not basal cell skin cancer)?
    • Complications of diabetes, including amputation, retinopathy (eye disease), nephropathy (kidney disease), neuropathy, insulin shock, or diabetic coma?
    • Chronic hepatitis or alcoholic hepatitis?
  3. In the past twenty-four (24) months, have You received a diagnosis, been treated, received medical treatment or counseling, or been prescribed medication by a member of the medical profession for drug or alcohol abuse/dependency or addiction?
  4. Within the last twelve (12) months, have You been advised to have tests, surgery or hospitalization (except for those related to HIV or AIDS), which have not been completed, or waiting for a medical diagnosis or results of medical tests or procedures which have not been received?
  5. In the past twelve (12) months, have You been diagnosed, treated, tested positive, prescribed medication, or been given medical advice by a member of the medical profession for:
    • Angioplasty (balloon procedure), stent placement, or heart bypass surgery?
    • Stroke; Heart attack, heart valve disorder, coronary disease, angina (chest pain), or heart disorder (excluding heart murmurs, rhythm disorders, and hypertension)?
  6. Have You received advice from a member of the medical profession to have, are You waiting for, or have You ever received, an organ or tissue transplant?
  7. Are You now, or within the past six (6) months have you been:
    • Hospitalized for 48 hours or more, bedridden or confined to or living in a nursing facility or correctional facility?
    • Receiving or been advised by a member of the medical profession to receive hospice care?
    • Receiving home health care for a chronic or debilitating condition?
    • Receiving assistance with activities of daily living , including eating, bathing, toileting, or dressing due to a chronic or debilitating condition?
    • Confined to a wheelchair or using a walker for a chronic illness (except in the case of a temporary condition that is expected to last three (3) months or less)?
    • Using oxygen to assist in breathing?
    • Have You been diagnosed with a terminal illness that is expected to result in death within twenty-four (24) months?

So when does Americo’s eagle plan soar?

The Eagle burial insurance plan is a great option for a handful of health conditions. Moreover, where they excel, they do it really well. If either of the following conditions apply to you, this Eagle plan might just be your best bet.

 

Heart attack at least 1 year ago, but less than 2

Your heart attack was at least a year ago. Additionally, and it was less than 2 years ago. This little gap creates an opening where Americo really shines bright. Most final expense companies will go back a full 24 months for heart attacks. In contrast, Americo only goes back 12 months. In the end, if you are in this little gap, Americo will give you a very low price and immediate protection.

Full blown stroke at least 1 year ago, but less than 2

This situation is identical to the heart attack scenario above. You had your stroke over a year ago, but it happened within the past 2 years. The vast majority of final expense plans will look back 24 months for full blown strokes. If you had a mini stroke (TIA Attack) just go with this company. They welcome mini strokes with open arms.

Americo’s Eagle burial insurance plan will give you full first day coverage. Additionally, they will charge you much less than other companies that look back 24 months on full blown strokes.

This is another company that only looks back 12 months on heart attacks and strokes. However, their underwriting is different, so they may or may not be better for you than Eagle. Thankfully, your Choice Mutual agent is ultra familiar with all the underwriting guidelines. They will be able to quickly and faithfully determine if Eagle is your best option. If not Eagle, they will find which burial insurance plan is best for you.

Tumor’s

Americo’s Eagle Plan does not care if you have had non cancerous tumors. Pretty much every final expense company will ask about tumors. Usually, you will pay more money and have a waiting period because of a tumor. With the Eagle plan, you get first day coverage and a great price you can’t get elsewhere.

Early Age Diabetes

When you were diagnosed with diabetes is not an issue with Americo. You will notice that Americo’s Eagle plan does not ask if you were diagnosed with diabetes at any specific age. On the flip side, most final expense companies will decline you if you were diagnosed prior to age 50. It can be quite difficult to acquire coverage if you became diabetic early in life. With the Eagle plan, you can get coverage with no waiting period, and a great price. Elsewhere, you will pay more and have a waiting period.

Parkinson’s Disease

This is a health condition that is asked about on nearly every burial insurance application. Typically, you will endure a higher monthly premium if you have Parkinson’s. In addition, many final expense companies will impose a full or partial waiting period on their plan if you have Parkinson’s.

Americo’s Eagle plan freely accepts you if you have Parkinson’s. They won’t impose a penalty on you for Parkinson’s. As a result, you get full first day coverage, and a low premium. Elsewhere, you pay more and get stuck with a full or partial waiting period.

Systemic Lupus

If you have this condition, the situation is pretty much the same as Parkinson’s. In general, burial insurance companies will bundle both Parkinson’s and Systemic Lupus into the same health question. Similar to Parkinson’s, Systemic Lupus often triggers one or two penalties with most companies. At the very least, you pay more. More often than not, you pay more coupled with a waiting period.

Americo has no issues if you have Systemic Lupus. They view you just the same as a person with no health conditions whatsoever. For this reason, this Eagle plan will offer you first day coverage and a much lower price than you can get with other companies.

Outside of the mentioned scenarios, Americo’s Eagle plan is probably not your best option. If any of those apply to you, contact us so we can help you determine if in fact its a good fit.

 

Americo Summary

For a variety of reasons, Americo could very well be your best burial insurance provider. Easily, their greatest value is their UP2 plan. With it, you can get immediate protection even with some very serious health issues.

Definitely stay away from their ultra protector III product. Gerber Life is a much cheaper option for the exact same thing. Additionally, if you qualify for their UP1 plan, you qualify for the best plan with many other final expense companies. If you are that healthy, we would recommend you pay less elsewhere.

Eagle is an incredibly niche product. As noted, it’s only a good solution in the two circumstances we outlined. Outside of those, go elsewhere to pay less.

 

How do you get the best rates on a burial insurance plan?

This is the million dollar questions that you have to answer. In all honestly, the answer is relatively simple. To get the best rates, buy through an agency that has the following 2 characteristics:

  1. They are independent and represent many different burial insurance companies.
  2. They are extremely experienced in the final expense business.

Choice Mutual has both of these qualifications. First, being an independent agency means we can freely represent any insurance company we want. This is easily the most important qualification. There is no one insurance company that is best for everyone. That’s why it’s so important to have access to them all.

We will take a look at your entire health situation. Then, we will determine which insurer will offer you the best plan possible. We do not care which insurance company it is. All we care about is finding you the most competitive burial insurance plan possible.

Almost as important, you need to work with an agency that is thoroughly familiar with all the underwriting guidelines from all the different carriers. As you can tell from this review, each burial insurance plan works well for different people. Because you are unique, we have to know via experience, which company will be your best fit. Put simply, we have this knowledge. It’s a product of thousands of conversations.

Our intimate underwriting knowledge we have acquired over the years, enables us to accurately and confidently pinpoint which burial insurance plan is best for you based on your overall health.

If you decide to not work with us, just make sure you find a company that is experienced and independent. Then and only then will you likely get the best burial insurance plan for you and your family.

If you would like some professional no pressure assistance, call us. Otherwise, you can fill out the quote form and we will call you immediately.

About ChoiceMutual.com
About ChoiceMutual.com

Choice Mutual works with all the top burial insurance companies throughout the nation to secure you the best price possible.

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