You might not always be thinking of life insurance. Still, life insurance can be a pretty big necessity whether you’re newly married, living together with kids, or have a partner who depends on you financially. For those who don’t know, life insurance provides money, better known as a death benefit, to your chosen beneficiary after you pass away. A policy can help give your loved ones access to money when they need it most. If you are in the market, take a look below at the three interesting facts about Americo Life Insurance that may just help seal the deal.
1. Americo Knows Family
Americo not only can handle your life insurance policy but can also help provide comfort when your family may be needing it the most. At the top of the health insurance business, Americo Life Insurance dates back more than 100 years. It is currently one of the largest independent, privately held insurance companies in the United States, including the District of Columbia. Formerly known as Americo Financial Life and Annuity Insurance Company, Americo Life Insurance is a member of Americo Life Inc.’s family of companies.
2. Clients Come First
At Americo, they are not just a life insurance company. The goal is to have people working for them who can make things work. They aim to not only have great insurance products but also be progressive in their thinking. Americo is solution-oriented and tries to always put a positive spin on things, even during the hardest of times. Their products are highly innovative and tailored to each individual’s needs. By doing this, Americo hopes they make each premium package suitable for your specific needs and situation.
Customer service is a top priority, as Americo’s clients’ financial security is of the utmost importance. To ensure that their agents stay on top of their game, Americo Life Insurance strives to meet and exceed industry standards. To keep your mind at ease, the company often has an independent rating firm assess their financial strength, stability, and claims-paying ability.
3. Top Choices
Unlike some other subsidiary insurance companies, Americo Life Insurance offers a variety of life insurance products, annuities, mortgage protection, and final expense insurance. Understanding life insurance can help you plan for your family’s long-term financial needs. Take a look at some of the definitions below:
Mortgage insurance is a policy that compensates lenders in mortgage-backed securities for losses due to the default of a mortgage loan. These types of protection can be both private and public. The goal is to lower the risk of the lender who may be giving you a loan. This type of policy also helps you qualify for a loan when you might not otherwise have gotten one.
On the other hand, an annuity is a financial product that pays out a fixed stream payment. These types of products are used mainly by retirees as an income stream. In the United States, most annuities are structured products that are regulated by each state. While it may sound morbid, these products are designed by using an aging table, but numerous types of annuities can be sold. Most require a medical exam for the applicant.
Choosing an insurance company shouldn’t be hard. Americo Life Insurance isn’t just a business but another family member. Their long-term goal is to look out for your best interests and provide you with help should anything go wrong. Whether you are looking for annuity products or a term life policy, or you just want to go over a few things with your insurance agent, they will always be there to help you out.