Americo Life
Protecting families and building retirement security through final expense, life, and annuity products distributed by independent agents.
Overview
Americo Life, Inc. is the holding company for one of the largest independent, privately held life insurance groups in the United States, with roots tracing back to 1909 through its subsidiary Great Southern Life Insurance Company. The group distributes life insurance and annuity products exclusively through independent agents across 49 states and the District of Columbia (all states except New York).
The company maintains strong AM Best financial strength ratings -- A (Excellent) at the group level, reflecting over a century of financial stability. Americo has embraced digital transformation across its distribution chain, launching instant-issue eApplications for its IUL products, building dedicated digital agent portals, and partnering with insurtech platforms such as Covr Financial Technologies, SCOR, and Annexus to distribute embedded and indexed annuity products.
Headquartered at PO Box 410288, Kansas City, MO 64141, Americo Life serves individual consumers and independent agents with a portfolio spanning final expense, term life, whole life, indexed universal life, fixed indexed annuities, and MYGA products. The flagship specialty is final expense (burial insurance) for senior consumers, distributed through a nationwide network of independent agents and IMOs.
Products & Services
Final Expense Life Insurance
Whole life insurance products designed to cover burial and end-of-life expenses for seniors. Americo flagship market segment. Product Lines:
Key Features
- Ultra Protector Series -- simplified issue whole life for final expense
- Eagle Select Series -- graded benefit whole life
- Eagle Premier Series -- immediate benefit whole life
Target Users: Seniors seeking affordable burial and final expense coverage; independent agents specializing in the senior market.
Term Life Insurance
Level-term coverage in multiple durations with living benefit riders.
Key Features
- Decision Term Series: 15, 20, 25, and 30-year terms
- Coverage amounts USD 25,000 to USD 450,000
- Issue ages 20-75
- Return-of-premium and conversion options available
- Living benefit riders for critical, chronic, and terminal illness
Target Users: Working-age consumers protecting mortgage, income, and family obligations.
Indexed Universal Life (IUL)
Permanent life insurance with cash value growth linked to a financial index (e.g., S&P 500).
Key Features
- Instant Decision IUL -- instant-issue via eApplication microsite (launched 2024)
- Downside protection: no loss of cash value due to index decline
- Flexible premiums and death benefit options
- No medical exam required for eligible applicants
Target Users: Consumers seeking permanent life insurance with accumulation potential; agents distributing digital-first life products.
Fixed Indexed Annuities (FIA)
Tax-deferred retirement savings products with market-linked growth and downside protection. Product Lines:
Key Features
- Ultimate One Index Series -- multiple variations with 5-9 year surrender periods; nursing home and hospital confinement waivers
- Americo Elite 5 -- 5 or 10-year surrender options, 10 index choices
- Americo Benchmark Flex (launched March 2026, with Annexus) -- industry-first S&P 500 Locked Cap Ladder Strategy with guaranteed cap rates for up to 10 years; Performance Trigger Strategy; Blended Performance Strategy
- Americo Benchmark Flex Plus (launched March 2026, with Annexus) -- includes premium bonus at contract issue, 100% principal protection from market downturns
Target Users: Pre-retirees and retirees seeking competitive growth with long-term rate visibility and principal protection.
Multi-Year Guaranteed Annuities (MYGA)
Fixed-rate, tax-deferred retirement savings products. Product Lines:
Key Features
- Platinum Assure Series -- available in 2, 3, 4, 5, 6, or 7-year terms
- Minimum USD 25,000; Maximum USD 1 million
- 45-day rate lock feature; rates up to 5.25% for 6-7 year terms (as of early 2026)
Target Users: Conservative savers seeking guaranteed fixed returns for a defined period.
LoanMatch Protector (Embedded Life Insurance)
Life insurance policy customized to match a consumer loan amortization schedule, developed with Covr Financial Technologies and SCOR.
Key Features
- Coverage amount tracks the outstanding loan balance over time
- Saves consumers 30% or more compared to level term life insurance
- Completable in under 15 minutes
- No medical exam required 88% of the time for coverage up to USD 1 million
- Distributed via Covr white-label digital platform at banks, credit unions, and lenders
Target Users: Bank and lender customers seeking life coverage tied to mortgage or business loan payoff obligations.
Medicare Supplement (Great Southern Life)
Medicare Supplement plans offered through subsidiary Great Southern Life Insurance Company.
Target Users: Medicare-eligible seniors seeking supplemental coverage.
At a Glance
- Headquarters
- Kansas City, Missouri
- Employees
- 501-1000
Category & Focus
- Category
- Life Insurance and Annuities
- Subcategories
- Final Expense Indexed Universal Life Term Life Fixed Indexed Annuities MYGA Medicare Supplement
- Insurance Verticals
- Life & Annuity
- Target Customers
- Consumers, Agents/Agencies
Links
Last updated: 2026-05-11