American Amicable Life Insurance – Disclosures

  • 425 Austin Avenue
  • Waco, Texas 76701
  • Toll-Free: 800-736-7311
  • www.americanamicable.com
  • Founded in 1909
  • AM Best Financial Strength Rating: A
  • Assets: more than $109.5 billion

American Amicable Non-Medical Life Insurance Policies

Senior Choice Whole Life Insurance

Underwriting:

Simplified Issue, liberal height and weight chart, a check with the Medical Information Bureau (MIB), pharmaceutical related facility, Motor Vehicle Report (MVR).

Level benefit plans:

Immediate death benefit: 100% of face amount paid immediately

Graded Benefit Plans:

  • 30% of selected face amount paid if death occurs during the 1st policy year
  • 70% paid the 2nd year
  • 100% paid the 3rd and subsequent years
  • 100% paid for accidental death, all years

Return or Premium:

  • Return of premium plus 10% interest for 3 years if underage 65 at date of policy issue
  • 2 years if 65 or older at date of policy issue (Graded 2 years for all ages in IL, NH & NJ)
  • 100% paid after graded period
  • 100% paid for accidental death, all years.

Premium Benefits at no Cost

  • Terminal Illness Accelerated Benefit Rider: You can receive payment of up to 100% of the death benefit of your Senior Choice policy if diagnosed as terminally ill where life expectancy is 12 months or less (24 months in some states)
  • Accelerated Benefits Rider-Confined Care: With this benefit if you are confined to a nursing home at least 30 days after the policy is issued
  • you can receive a monthly benefit equal to 5.0% of the face amount per month. This rider is
  • available on the Immediate Death Benefit Plan only. (Not available in all states)

Instant quote for whole life insurance

Term Life Insurance

Level Term Life Insurance to Age 95

  • 10 year level premium Ages 18 – 75
  • 15 year level premium Ages 18 – 70
  • 20 year level premium Ages 18 – 65
  • 30 year level premium Ages 18 – 55

Underwriting:

Simplified Issue, liberal height and weight chart, a check with the Medical Information Bureau (MIB), pharmaceutical related facility, Motor Vehicle Report (MVR), and a telephone interview (only required on applicants ages 65 and above)

Benefits and Riders (Not available in all states)

  • Accelerated Living Benefit Rider (Critical Illness): Available at 25%, 50% or 100% acceleration of the death benefit (Up to $100,000 Critical Illness benefit).
  • Disability Income Rider (DIR): 60 day elimination, non-retroactive, monthly benefit 2% of face amount up to $1500 maximum monthly benefit.
  • Accident Only Total Disability Benefit Rider: 60 day elimination, non-retroactive, monthly benefit 2% of face amount up to $2000 maximum monthly benefit.
  • Waiver of Premium for Unemployment Rider • Waiver of Premium
  • Children’s Insurance Agreement
  • Accidental Death Benefit
  • Terminal Illness Accelerated Benefit Rider: Available at no additional premium cost.
  • Accelerated Benefits Rider-Confined Care: Available at no additional premium cost.
  • Chronic Illness Accelerated Death Benefit Rider: Available at no additional premium cost
  • Waiver of Premium cannot be issued on the same policy with the Critical Illness Rider

Conversion to Permanent Life Insurance:

  • While the policy is in force, it may be converted to any permanent plan of insurance offered by the Company at the time of conversion.
  • Conversion is allowed on or before the earlier of: (a) the Expiry Date; or (b) the policy anniversary following the Insured’s attained age 75; or (c) within 5 years from the Policy Date if later than the policy anniversary following the Insured’s attained age 75.

Instant quote for term life insurance

The American-Amicable Group of Companies:

  • American-Amicable Life Insurance Company of Texas: www.americanamicable.com
  • IA American Life Insurance Company: www.iaamerican-waco.com
  • Occidental Life Insurance Company of North Carolina: www.occidentallife.com
  • Pioneer American Insurance Company: www.pioneeramerican.com
  • Pioneer Security Life Insurance: www.pioneersecuritylife.com

Please contact Celso Neves 888-966-1625 for an illustration.