|
Age
|
Female
|
Male
|
|
50
|
$74
|
$95
|
|
55
|
$88
|
$113
|
|
60
|
$102
|
$132
|
|
65
|
$122
|
$158
|
|
70
|
$157
|
$221
|
|
75
|
$215
|
$303
|
|
80
|
$225
|
$312
|
|
85
|
N/A
|
N/A
|
Both Americo burial plans offer whole life insurance that builds a cash value through monthly premiums. After a time, policyholders can borrow from the cash amount. As long as monthly premiums are paid, the burial plans are never terminated, and the benefit won’t decrease with age.
Eligibility
Individuals aged 50 to 85 (depending on smoker status) can purchase Americo burial insurance plans in 48 states and the District of Columbia. Coverage isn’t available in New York and Vermont. While neither burial plan includes a medical exam, the Eagle Premier plan does require answers to a number of health questions.
Plan Details
When choosing the Eagle Premier Plan, smokers are presented with incentives to quit smoking. The Quit Smoking Advantage Plan is one of Americo’s benefits included with Eagle Premier Plans. If a policyholder can provide proof that they quit smoking for at least 12 months in a row at any time within the first 3 years of policy ownership, they will receive the policy’s nonsmoking rate. This plan has no waiting period. Benefits are paid if the policyholder passes away the day they sign up for the policy.
Additional benefits offered with the Eagle Premier Plan include accelerated death and accidental death benefits. Both are free and included with the monthly premium. The accelerated death benefit provides up to a 50% advance of the face value of the policy if the policyholder is expected to pass away within 12 months. The accidental death benefit provides an additional benefit amount if the policyholder passes away at or before 90 days after an accidental injury.
The Eagle Guaranteed Plan has no medical exam and no health questions, making it a good choice for seniors with serious health concerns. This plan has an extended waiting period of 3 years before full benefits can be paid out. If benefits are paid out before the 3-year date, the amount for 1 year of policy ownership includes a refund of all premiums paid to date plus 5%. Year 2 benefits include a payout of all premiums paid plus 10%, and any benefits paid within the 3rd year and before it ends equals 75% of the coverage value.
Americo is a life insurance company respected in the industry for its benefits payout reliability and offers competitive burial insurance pricing. Burial insurance is for funeral costs and unpaid medical expenses or credit card debt, alleviating the burden on family members.
Who Should Consider Americo’s Burial Insurance?
Smokers Who Need Burial Insurance
For smokers, Americo offers beneficial incentives that may result in receiving the lower nonsmoker monthly premium amount and provides incentives for those who desire to quit smoking. The Quit Smoking Advantage Plan’s monetary reward may help motivate smokers to stop smoking and remain a nonsmoker, improving their health and lifespan.
Seniors Who Want to Include Children or Grandchildren in Their Burial Insurance
Americo burial insurance offers a Child and Grandchild Term Rider for their Eagle Premier burial plan. Children and grandchildren under the age of 25 receive term insurance at an additional monthly cost. Coverage is available in units of $1,000 in benefits and must be the same amount for all children under the rider. The Child and Grandchild Term Rider costs $2.10 for each $1,000 for each child or grandchild.
What Are People Saying About Americo’s Burial Insurance?
Customers express satisfaction with Americo’s competitive burial insurance based on the company’s no-medical-exam policy. This policy offers a broader population of seniors affordable burial insurance regardless of their health. Policyholders shared their appreciation for the company’s personalized customer interaction and good customer service experience. Previously, reviews included frustration and dissatisfaction with customer service call-wait times, the time it took to resolve issues and delayed communication.
Frequently Asked Questions
What Does Burial Insurance Cover?
Burial insurance can pay for funeral expenses, burial costs and the policyholder’s unpaid debts, or it can help loved ones financially.
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What Type of Insurance Covers Burials?
Burial insurance or life insurance are the types of policies to look for when seeking coverage for burial services.
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How Do You Buy Burial Insurance?
Individuals can buy burial insurance by selecting an insurance company they want coverage from and visiting their website. Typically, the individual requests an online quote and then either mails in a completed application form or fills out and submits the form online.
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Do Burial Insurance Policies Have a Cash Value?
Some burial insurance policies have a cash value, meaning the policy builds equity that the policyholder can borrow against, like a loan, over time.
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How Does Burial Insurance Work?
The insurance company pays out the agreed-upon amount to the policyholder’s chosen beneficiaries after they pass away.
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