Insurancy

American Amicable Life Insurance Company of Texas Review

The Company offers innovative life insurance and annuity products developed to target the individual needs of protection, wealth creation and estate

American Amicable Life Insurance Company of Texas Review
Brian Greenberg

Written by Brian Greenberg

CEO / Founder & Licensed Insurance Agent

Grant Desselle

Reviewed by Grant Desselle

Licensed Insurance Agent

Last updated: July 2022 | 3 min read

American Amicable life insurance at a glance

  • American-Amicable Life Insurance Company of Texas traces its roots back to 1910.
  • The company is part of the American-Amicable Group, acquired by Industrial Alliance in 2010.
  • It has an A.M. Best rating of A++ (Superior).
  • The three main products are final expense, term insurance, and universal life.
  • Final expense and term are simplified issue products with no medical exam.
  • Pricing is on the higher side, and applications can be cumbersome and quickly declined.
Address:425 Austin Avenue
Waco, TX 76701
Phone:800-736-7311
Website:www.americanamicable.com
A.M. Best:A++ (Superior)
About:Tracing its roots back to 1910, American-Amicable Life Insurance Company of Texas is a progressive special markets insurer.

The Company offers innovative life insurance and annuity products developed to target the individual needs of protection, wealth creation and estate preservation. The Company continues to grow and prosper and has consistently maintained a solid financial position.

American-Amicable Life Insurance Company of Texas is a part of the American-Amicable Group, which was acquired by Industrial Alliance Insurance and Financial Services, Inc. in 2010. Historically anchored on a foundation of financial integrity, responsible management, and a strong commitment to every policyholder, American-Amicable Life Insurance Company of Texas looks to the future with great enthusiasm.

Our take:American Amicable is a financially stable company with a full line of life insurance products. They offer three main products

  • Final Expense
  • Term Insurance (simplified issue no medical exam)
  • Universal Life

The products are priced on the higher side though they include the free living benefit riders; Confined Care and Chronic Illness.

The applications are cumbersome, and they have been quick to decline applicants. It is crucial to pre-qualify with an agent before applying.

Brochure(s):Company brochure

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Frequently asked questions

What is American Amicable Life Insurance Company of Texas?+

American-Amicable Life Insurance Company of Texas is a special markets insurer with roots tracing back to 1910. It offers life insurance and annuity products developed to target individual needs for protection, wealth creation, and estate preservation. The company is part of the American-Amicable Group.

What is American Amicable's A.M. Best rating?+

American-Amicable Life Insurance Company of Texas has an A.M. Best rating of A++ (Superior). This rating is presented as part of the company information along with its address, phone number, and website.

Who owns American Amicable Life Insurance Company of Texas?+

American-Amicable Life Insurance Company of Texas is part of the American-Amicable Group. The group was acquired by Industrial Alliance Insurance and Financial Services, Inc. in 2010.

What life insurance products does American Amicable offer?+

American Amicable offers three main life insurance products: final expense, term insurance, and universal life. Final expense and term insurance are described as simplified issue products with no medical exam.

Does American Amicable require a medical exam for final expense or term?+

Final expense and term insurance are described as simplified issue products with no medical exam. These are listed as two of the company’s three main life insurance products, along with universal life.

Are American Amicable policies priced competitively?+

The products are described as priced on the higher side. They include free living benefit riders, specifically Confined Care and Chronic Illness, as part of that pricing.

Should you pre-qualify before applying with American Amicable?+

Pre-qualifying with an agent before applying is described as crucial. Applications are described as cumbersome, and the company has been quick to decline applicants, making pre-qualification important before submitting an application.

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