AmeriLife Life Insurance Review

AmeriLife is a good fit for those looking for health insurance coverage or annuities in addition to life insurance options. The company offers the most basic life insurance policy types, such as term life insurance, whole life insurance and indexed life insurance policies. However, information is limited on its website regarding policy limits and benefits.

Those with a financial background should look into the company’s indexed universal life insurance policies for higher returns potential, tax-deferred capital gains and greater flexibility.

AmeriLife may not be ideal for seniors, given that it has no final expense policy option. Instead, consider AIG if you’re looking for final expense insurance. AIG provides a large selection of customizable policies and plenty of rider options. Some of its policies come with guaranteed acceptance and do not require a medical exam.

To help you make the best choice before applying, read our review of AmeriLife's policies to learn more about the company and its life insurance options.

According to the Life Insurance Marketing and Research Association's (LIMRA) 2022 Insurance Barometer Study, 31% of American adults are more likely to purchase life insurance as a result of the pandemic, and nearly half acknowledge that they are not financially secure enough to handle the loss of a primary wage earner. AmeriLife offers several life insurance coverage options as a safety net.

The best candidates for term life insurance are young individuals with considerable financial demands, such as children's college funds, that must be met if they pass away. It is also a good fit for those seeking short-term coverage.

People typically buy whole life insurance because they want lifetime coverage. With whole life insurance, beneficiaries are guaranteed a payout when the policyholder passes away, which can help them pay for estate taxes or long-term care costs not covered by health insurance. The cash value that increases tax-deferred is one of the most attractive aspects of whole life insurance.

Although this varies by provider, indexed universal life insurance plans usually offer a minimum guaranteed return of 0% to 1%. Since the policy could expire if target premiums are not met or the fund's value is insufficient to cover costs and fees, you should only use this type of fund if you have a solid understanding of the stock market or have guidance from a financial adviser.

A life insurance rider is an add-on to an existing insurance policy that provides additional benefits for a specified fee. You can use riders to customize your policy according to your needs.

AmeriLife doesn’t specify which riders it offers, so you’ll have to contact an authorized agent in your area to learn more.

If you’re not sure how to buy life insurance from AmeriLife, the following sections will outline the steps, as well as what to do in case your application is denied.

Here are some answers to buyers' most frequently asked questions when considering AmeriLife as their insurance provider.