Americo Guaranteed Issue Life Insurance | Your Complete Guide

Americo, with over 100 years of history, offers instant decision, guaranteed issue life insurance via their Eagle Guaranteed product.

Is it the right form of life insurance for you? Maybe.

Here, you will find everything you need to know about Americo’s Eagle Guaranteed in an unbiased format:

  • Issue ages
  • Face amounts
  • Application process
  • Cost

That way, you can make an informed decision on whether or not to submit an application.

Table Of Contents

  1. Company Overview
  2. Eagle Guaranteed Review
  4. Bottom Line
  5. Next Steps

Company Overview

Americo has a long history – over 100 years.

Based out of Kansas City, Missouri, their success is rooted in the acquisition of a number of companies over the decades:

  • The College Life Insurance Company of America
  • The Ohio State Life Insurance Company
  • Great Southern Life Insurance Company

We’re constantly striving to eclipse our previous achievements and define new levels of success for our clients and agents.  


In addition to life insurance, Americo also offers retirement solutions, medicare supplements, and vision insurance.

Financial Strength Rating: A (A.M. Best)

Interesting fact – one of Americo’s companies, Great Southern Life, become the first carrier to insure the lives of babies and children.

Eagle Guaranteed Review

Eagle Guaranteed, one of two forms of final expense insurance offered by Americo, is guaranteed to be issued – regardless of your health.

First off, guaranteed issue life insurance should not be your first choice for life insurance coverage.

Why? Because everyone is approved, face amounts (policy size) are modest and premiums are expensive.

However, if you have exhausted other options, for example, 20-year term life insurance, without success, a guaranteed issue policy can feel like a gift.


There are five important features to consider before submitting an application.

1. Issue Ages

Guaranteed issue life insurance is only available to certain age groups – typically older individuals.

Americo offers coverage to applicants between the ages of 50 – 80.

If you are younger than 50 years old and do not qualify for traditional life insurance (often due to serious medical issues), look to an accidental death and dismemberment policy.

NoteGreat Western guaranteed issue life insurance begins offering coverage at age 40.

2. Face Amount

Keep in mind, guaranteed issue policies are small, to put it lightly.

Americo’s Eagle Guaranteed face amounts (policy size) range from $2,000 – $10,000.

Because the policy is modest, Americo recommends this type of coverage specifically for end-of-life expenses:

  • Medical bills
  • Funeral
  • Burial expenses

3. Instant Issue

Guaranteed Eagle policies have just about instantaneous issuance.

In fact, you can apply for coverage with a touch screen device at any time of day.

No required paperwork or phone calls.

Your policy number is provided immediately. And, a paper copy of your policy is typically mailed within one business day.

4. Policy Length

Americo Guaranteed Eagle life insurance is a form of whole life insurance, meaning that as long as you pay your premiums, your coverage lasts your entire life.

5. No Health Questions

Guaranteed issue is a form of no exam life insurance – with the simplest underwriting.

There are no health questions, no nurses, no needles, no liquid samples.

So, even if you have serious health conditions or habits, like:

You will qualify for coverage, regardless.

With Americo, plan to spend only a few minutes filling out an online application. That’s it.

Other Features

There are additional policy features to note.

Policy Loans

Policy loans are often available.

Americo currently charges a fixed rate of 7.4% (subject to change), compounded annually, on policy loans. Keep in mind, a policy loan cannot exceed the cash value of the policy or the contract will terminate.

Graded Death Benefit

It’s important to know that Eagle Guaranteed includes a 3-year graded death benefit.

What does that mean? Your beneficiary will not receive the full death benefit until the policy has been in place for a minimum of three years.

  • Year 1 – return of premium, plus 5%
  • Year 2 – return of premium, plus 10%
  • Year 3 – 75% of the face amount
  • Year 4+ – 100% of the face amount

Level Premiums

Your premiums (what you pay in exchange for coverage) are guaranteed to remain level.

That means throughout the life of the policy, your premium payment will not go up or down. Premiums remain the same.

Americo uses a monthly premium payment mode.

Accidental Death Provision

At no additional cost, an accidental death provision is included.

During the graded death benefit period, if death occurs as a result of a qualifying accident, your beneficiary receives the full death benefit.

No other riders are available.


Remember, guaranteed issue face amounts are modest. However, if you are need of final expense coverage, this form of coverage may be a good fit.

Americo Guaranteed Issue Quotes Male

50 Year Old$21.99$40.19$58.38$76.58$94.77
55 Year Old$25.70$47.60$69.50$91.40$113.30
60 Year Old$29.40$55.01$80.61$106.22$131.82
65 Year Old$34.66$65.52$96.37$127.23$158.09
70 Year Old$47.21$90.61$134.02$177.42$220.83
75 Year Old$63.57$123.34$183.12$242.89$302.66
80 Year Old$65.47$127.14$188.82$250.49$312.16
Subject to change.

Americo Guaranteed Issue Quotes Female

50 Year Old$17.75$31.70$45.65$59.60$73.55
55 Year Old$20.59$37.38$54.17$70.96$87.75
60 Year Old$23.43$43.06$62.69$82.32$101.95
65 Year Old$27.46$51.12$74.78$98.44$122.09
70 Year Old$34.52$65.23$95.95$126.67$157.39
75 Year Old$46.10$88.40$130.70$173.01$215.31
80 Year Old$48.00$92.20$136.40$180.61$224.81
Subject to change.

Be sure to run quotes for multiple carriers. It’s in your best interest to compare rates.

Bottom Line

If guaranteed issue life insurance is right for you, be sure to assess other companies before submitting an application.

Generally speaking, the following carriers usually offer the best rates and larger face amounts:

  1. AIG Guaranteed Issue Whole Life – ages 50 – 85 and up to $25,000 in coverage
  2. Gerber Guaranteed Life Insurance – ages 50 – 80 and up to $20,000 in coverage
  3. Great Western Guaranteed Assurance – ages 40 – 80 and up to $40,000
  4. Mutual of Omaha Guaranteed Issue Whole Life – ages 45 – 85 and up to $25,000

Conversely, Americo’s rates tend to be more expensive.

Next Steps

First and foremost, conduct a needs analysis to determine the kind and amount of life insurance you need.

  • Purpose of life insurance policy
  • Any debts
  • Burial expenses
  • Financial needs of beneficiaries

After a needs analysis, you may discover that traditional no physical life insurance is in your best interest.

Next, work with an independent agent.

  • Not captive to a particular company
  • Provides multiple quotes
  • Your best interest in mind

An Eagle Guaranteed life insurance policy purchased directly through Americo.

We recommend you analyze multiple free quotes, first.