Choice Mutual Rating

Choice Mutual’s ratings are determined by our editorial team. The scoring formula considers consumer experience, policy cost, underwriting criteria, the insurer’s financial strength ratings, and complaint data.

Americo final expense insurance is not the least expensive option, but they are still a good one to consider.

In many situations, Americo is the best option for people with specific health issues.

Learn how their coverage works, the cost, pros & cons, and when their policy is a good buy.


How Does Americo Final Expense Insurance Work?

Americo final expense insurance, aka burial, funeral, or end-of-life insurance, is a small face value whole life insurance policy that does not require a medical exam.

In most cases, you only need to answer basic health questions and give permission to Americo to check your medication history.

When you die, Americo will pay out the death benefit as a tax-free check directly to your beneficiaries (or funeral him if you prefer).

There are no restrictions on how they spend the money. They don’t have to use it only for funeral costs.

They can use the money for outstanding credit card debts or medical or legal bills.

They are entitled to keep any unused funds.

Americo burial insurance plans have two options to choose from:

  • Eagle Premier: This is the least costly plan. To qualify, you must answer health questions. If approved, there is no waiting period.
  • Eagle Premier Guaranteed: This is a guaranteed acceptance policy that does require you to fill out a health questionnaire. Because your acceptance is guaranteed, there is a two-year waiting period. Death during the waiting period will result in Americo refunding 110% of your premiums. Also, it’s about 100-150% more expensive than the Eagle Premier option.

Americo products are only sold through licensed brokers. If you call the company directly, they cannot help you.


Coverage DetailsEagle PremierEagle Premier Guaranteed
Policy TypeWhole Life Insurance
Policy DurationLifetime
Fixed PremiumsYes
Builds Cash ValueYes
State AvailabilityAll states except NY & VT
New Applicant Age Range40-8550-80
Coverage Options$2,000-$40,000$5,000-$10,000
Free Built In RidersTerminal illness &
Accidental Death (2X the payout for accidental death)
Optional RidersNone
Where to ApplyAgencies licensed to sell Americo Life products (you can't buy this plan directly from them)
Phone Number to Apply1-800-644-2926
Medical Exam RequiredNo
Health QuestionsYesNo
2-Year Waiting PeriodNo
(subject to underwriting approval)
Application Approval Time3-5 Minutes
BrochureAmerico Final Expense Brochure
Sample ApplicationAmerico Final Expense Application


How Much Does Americo Burial Life Insurance Cost?

The cost of Americo funeral insurance is based on your exact age, gender, state of residence, health, and the amount of coverage you select.

That said, the table below has some sample funeral insurance quotes from Americo.

All prices shown are monthly for $10,000 in coverage.


AgeEagle PremierEagle Premier Guaranteed
40F: $29.95
M: $33.62
45F: $32.24
M: $37.37
50F: $34.08
M: $39.97
F: $73.55
M: $94.77
55F: $37.89
M: $46.47
F: $87.75
M: $113.30
60F: $41.34
M: $52.16
F: $101.95
M: $131.82
65F: $52.83
M: $65.40
F: $122.09
M: $158.09
70F: $65.60
M: $86.49
F: $157.39
M: $220.83
75F: $86.89
M: $118.09
F: $215.31
M: $302.66
80F: $135.12
M: $172.93
F: $224.81
M: $312.16
85F: $196.69
M: $235.58


Pros & Cons Of Americo Final Expense Life Insurance

The Good
  • No waiting period option
  • There is no medical exam to qualify
  • Available in nearly all states
  • Permanent coverage with premiums that will never increase
  • Doubles the death benefit payout for accidental death (no extra cost for this)
  • Very fast approvals
  • Underwriting that offers no waiting period coverage to people with very high-risk conditions
  • Guaranteed acceptance option
The Bad
  • Prices are higher than most final expense companies
  • The guaranteed issue option is limited to $10K and is very expensive
  • Tobacco users should avoid Americo due to their strange tobacco policy
  • Cannot pay quarterly or semi-annually


Is Americo Funeral Insurance Worth Buying?

Americo final expense insurance is generally only worthwhile if you have certain health issues that make them a superior choice.

For otherwise healthy people, companies like Mutual of Omaha or Aetna offer lower rates for their senior final expense coverage.

When shopping for burial insurance, comparing multiple funeral insurance providers is key before deciding. They all have separate pricing and different underwriting.

Where Americo really shines is when you’ve had a recent heart attack, stroke, heart surgery, or have conditions like Parkinson’s or Lupus.

In those circumstances, they are a superior choice.

Their guaranteed issue option should be avoided because it’s too overpriced.

If you want guaranteed acceptance coverage, many other companies offer the same thing for a much lower premium.

Below is a list of common conditions where you’d still be eligible for no waiting period coverage with Americo.


Common conditions still eligible for no waiting period coverage:

Bipolar disorder
Blood clots
Blood thinners
Cancer > 2 years ago
Circulatory surgery > 1 year ago
Crohn’s disease
Diabetes (type 1 or 2)
Diabetic amputation > 2 years ago
Grave’s disease
Heart attack > 1 year ago
Heart surgery > 1 year ago
High blood pressure
High cholesterol
Insulin shock > 2 years ago
Multiple sclerosis
Pacemaker (installed > 1 year ago)
Parkinson’s disease
Sickle cell anemia
Sleep apnea
Squamous/basal cell skin cancer
Stroke/TIA > 1 year ago
Tumors (non-cancerous)


Americo Company Background

Americo has been in business since 1909 and has an A (Excellent) rating with A.M. Best.

They offer a suite of life insurance products, including term, whole life, and funeral life insurance.

Americo is a privately held company that has various subsidiaries, which include:

  • Americo Financial Life and Annuity Insurance Company (formerly known as The College Life Insurance Company)
  • Great Southern Life Insurance Company
  • United Fidelity Life Insurance Company, National Farmers Union Life Insurance Company, and Investors Life Insurance Company of North America

Their contact information is below:

  • Website:
  • Phone: 1-800-231-0801
  • Mailing address: PO Box 410288 Kansas City, MO 64141-0288


The Bottom Line

4.0/5 rating
Americo earned 3.5 stars out of 5 for overall performance. Choice Mutual’s ratings are determined by our editorial team. The scoring formula considers consumer experience, complaint data from the National Association of Insurance Commissioners, and financial strength ratings.

Learn about our rating methodology.

Policy rates relative to other carriers
Financial Strength
Credit ratings from A.M. Best
Customer Reviews
Consumer feedback from third-party websites like Facebook, Yelp, and Trustpilot
NAIC Complaint Ratio
Up-to-date complaint score from the National Association of Insurance Commissioners
Advertising Practices
Accuracy and trustworthiness of marketing
Available Products
Number of policy types, including no-exam options

Choice Mutual often cites third-party websites to provide context and verification for specific claims made in our work. We only link to authoritative websites that provide accurate information. You can learn more about our editorial standards, which guide our mission of delivering factual and impartial content.

  1. Americo.