American Amicable Final Expense Insurance

American Amicable Life Insurance of Texas is a Waco-based company that has been in business since 1910. The company’s American Amicable final expense insurance plan is a whole life product that is available for individuals between the ages of 0 and 85. American Amicable guarantees that your premiums will never change regardless of any health changes you may experience. No medical exams or blood work are required as part of the application process.

What is final expense insurance?

Final expense insurance is commonly called funeral insurance or final expense insurance by insurance companies. It is a form of life insurance that pays a preset amount to a beneficiary when the policyholder dies. Final expense insurance is usually less expensive than more traditional forms of life insurance. It is also easier to obtain and features less stringent requirements for qualifying. Final expense insurance is intended to cover the end-of-life costs associated with funerals and related services.

Why is American Amicable final expense insurance necessary?

Final expense insurance may help your family if you don’t have any savings set aside for your funeral. It may also help them if you lack life insurance. Your family will be responsible for any debts incurred by your burial, so it’s a good idea to leave them a lump-sum amount in the form of final expense or final expense insurance to help cover the costs. Final expense insurance may also be used as an alternative if you cannot qualify for a regular life insurance policy.

How much final expense insurance is necessary?

Modest funeral services cost somewhere in the neighborhood of $10,000 in the United States. Most final expense insurance companies are designed with this figure in mind, though higher payouts are available. If you want a higher payout for your beneficiary, your premium payments will rise accordingly. Higher payout policies may also have certain health-related qualification restrictions. If you plan to have a small, simple funeral, a $10,000 policy will cover most if — not all — of your surviving family’s expenses.

How to get started

If you are already an American Amicable insurance customer, you should contact your local office and inquire about a final expense policy. If you are a prospective customer, you can contact a customer service representative via the information listed below. You may also shop for policies using our comparison tool by clicking on the following link.

Financial Strength Ratings

AM Best – A, Stable outlook
Moody’s – No rating
Standard & Poor – No rating

Company contact info

American Amicable
425 Austin Avenue
Waco, TX 76701
(800) 736-7311