About Americo Life Insurance
Americo Burial Insurance Benefits
Individual, Permanent Protection
No Physical Exam Required
Your acceptance is based on the information you provide during the Burial Insurance application process. Depending on the policy, you will only need to answer a few medical questions. There are no physical exams to take. Issuance of the policy may depend upon answers to medical questions.
Protection From the Very First Day
You are protected from the very first day your policy goes into effect. And, if you qualify for Burial Insurance, your full death benefit is available as soon as your policy is issued. If you don’t qualify for Eagle Premier, you may receive an Eagle Guaranteed policy. With Eagle Guaranteed, the death benefit is graded for the first three policy years.
Builds Cash Value
After your policy has been in force for a specified period of time, it builds cash value every year. This is the money that you can leave to grow or borrow to use as you see fit.
Accelerated Benefit Payment Rider
With Americo Eagle Premier, an Accelerated Benefit Payment Rider (Rider Series 2146) is included at no additional cost. If you are diagnosed with a qualified terminal illness that results in a life expectancy of 12 months or less (24 months or less in IL, MA, and TX), this benefit will advance up to 50% of the death benefit payable under the policy. The available benefit will be reduced by the amount of any outstanding policy loans, and will not exceed $15,000. The minimum accelerated benefit is $1,000 (state variations apply). Not available in all states.
Accidental Death Benefit Rider
An Accidental Death Benefit Rider is included at no additional cost with Eagle Premier. This rider provides an additional benefit equal to the base death benefit if you die as a result of an accidental bodily injury within 90 days of the injury. It will provide an additional payment of two times the base death benefit in the event the death is a result of accidental injury while riding as a fare-paying passenger in a Common Carrier. Not available in all states.
Eagle Guaranteed Accidental Death Benefit
An Accidental Death Benefit is included with Eagle Guaranteed policies at no additional cost. With this extra protection, if death occurs as the result of accidental bodily injury in the first three years and within 90 days of the injury, the full death benefit is payable.
Child and Grandchild Term Rider
The Child and Grandchild Term Rider (Rider Series 2194) will provide insurance on an insured child up to age 25. You can purchase coverage for a child or grandchild that is at least 15 days old and under the age of 17. An eligible child is defined as any natural child, stepchild, or legally adopted child of the base insured or the base insured’s child. Coverage is issued in units of $1,000 up to a maximum of the lesser of $5,000 or the base policy face amount.
Quit Smoking Advantage
The Quit Smoking Advantage allows you to receive an Eagle Premier Smoker policy with Nonsmoker rates for the first three policy years. Prior to the third policy anniversary, if you can provide evidence satisfactory to Americo’s requirements that you have quit smoking for at least 12 months, your Death Benefit and premium will remain level.
How Does it Work?
You pay the Nonsmoker premium in the first three years and, if you stop smoking for 12 consecutive months, you will continue to receive the Nonsmoker rates. If after three years you are unable to quit smoking, your face amount will be reduced and the premium will not change. If you would like to keep the same face amount, you can contact Americo and request a higher premium.
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