American amicable final expense insurance

American Amicable Final Expense Review [For Agents Only]

By David Duford - January 03, 2023 - 5 Mins Read

Are you a final expense agent interested in adding American Amicable to your final expense insurance companies line-up?

Do you want a “No BS” overview from a field-tested agent on how this company’s final expense product performs?

If so, you have found the right article!

I’ll be discussing at length how American Amicable’s Senior Choice final expense product stacks up, why final expense agents should consider it, and give you my opinion on its pros and cons as a producing agent selling final expense.

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Product Details

Application Type: Paper application with OPTIONAL* point of sale interview, or the Mobile app with an INSTANT underwriting decision after electronically submitting the app at the client’s home. (*Ages 50-70 = When the payor is other than the proposed insured, spouse, significant other or child. *Ages 71-85 = if the applicant is not found in the prescription database(s). Does not apply when the applicant is applying for the Return of Premium Plan.)
Agent Support Hotline: Home Office: 800-736-7311 (8AM-4:45PM CST), Agent Hotline: (800) 736-7311, Prompts 112
Point Of Sale Interview Required? In most cases, no for both the paper and e-app. See the guidelines above for more detail.
State Availability: Available in all U.S. states including DC, Guam, and Puerto Rico
Application Submission Process: Submit paper application here, or fax to (254) 297-2100. Complete and submit Mobile application here.
Average Policy Issue Turnaround Time: 24-48 hours on a clean app.
Commission Payout: Daily
Can You Sell Over The Phone? Yes, but only with select organizations.
Advancing Available? Yes – 9 months advance for those that qualify.
How Far In Advance Can The First Draft Be? No more than 35 days after the policy was signed.
Pays Commission On Policy Fee? Yes
Age Rating: Age based on application date
Chargebacks On Death: Prorated – you keep earned commissions and payback any unearned commissions assuming it’s not rescinded
Chargebacks On Lapses: Prorated. Keep what you earn and payback any unearned commissions.
Underwriting Overview: MIB, Rx Check
Agent Guide: Download here
Requires E&O? No
Acceptable Payment Methods? Bank account drafts only
Face Amount Issue Limits Plans:

Senior Choice Immediate Death Benefit

• • Minimum issue amount: $2,500 ($5,000 in Washington)
  • • Maximum issue amount: Ages 50 to 75: $35,000 – Ages 76 to 85: $20,000

    Senior Choice Graded Death Benefit

    • • Minimum issue amount: $2,500 ($5,000 in Washington)

      Return Of Premium Death Benefit

      • • Minimum issue amount: $2,500 ($5,000 in Washington)

        Available Riders: There are many! Accidental Death Benefit Rider, Grandchild Rider, Nursing Home Waiver Of Premium Rider, Children’s Insurance Agreement Rider, and no-cost riders including Terminal Illness Accelerated Death Benefit and Accelerated Benefits Rider, Chronic Care. You can review all the riders and pricing details here.
        Cover Foreign Nationals? Must have a Social Security number
        Height-Weight Chart? Download here
        Sample Final Expense Application: Download here
        Rate Guide: Download here (scroll down to find rate tables by age and face amount)
        Prescription/Rx Guide: Download here
        Product/Underwriting Advantages:

        • • Instant decision Mobile App for most case submissions. Eliminate frustrating paperwork and amendments!
          • • Phone interview is optional if you complete an application in most circumstances.
            • • Competitively-priced smoker rates.
              • • Liberal height-weight guidelines.
                • • Occasional pipe/cigar use is OK for non-tobacco rates.
                  • • Insulin use OK for Immediate Death Benefit if started at age 50 or *older*.
                    • • Graded Death Benefit Coverage available to the following conditions: Parkinson’s, seizure history, multiple sclerosis
                      • • 2 year look back on cancer and cardiac issues for the Graded Death Benefit.
                        • • 3 year look back on cancer and cardiac issues for the Immediate Death Benefit.
                          • • Mental health disorders (depression, PTSD, bipolar, schizophrenia) may qualify for the Immediate Death Benefit.
                            • • Asthma disorder may qualify for Immediate coverage.
                              • • Blood thinners like coumadin, warfarin, and clopedigril underwritten on a first-fill basis, meaning Graded or Immediate Death Benefit coverage may be available depending on the length of time since the first prescription fill.
                                • • Atrial Fibrillation/Arrhythmia OK for Immediate Death Benefit coverage.
                                  • • Flexibility with not treated health conditions: American Amicable final expense may accept the following conditions as Graded or Immediate coverage if the proposed insured has not been medically diagnosed or treated within the past 2 years or 3 years: COPD and related chronic lung disease, Hepatitis C, Cardiomyopathy, Systemic Lupus (SLE),

                                    Application Health Questions

                                    To learn more about contracting, reach out here.

                                    We have access to all sorts of benefits for final expense agents, including:

                                    • • Top contracts for new and experienced agents. David Duford recruits and operates at FMO/IMO levels, giving him buying power to offer commission levels to agents and agencies others cannot match.
                                      • • Affordably-priced, high-quality final expense lead programs for direct mail, Facebook, and telemarketing leads. David does not profit from the sale of leads, only referring you to sources with a track record of success.
                                        • • An endless supply of top-notch prospecting and sales training at your fingertips.
                                          • • Weekly sales training calls with David, ride-along training opportunities with David and his team, and direct phone/text access to David when you have case placement and sales questions (yes, David answers his own phone =).
                                            • • Additional training and support for agents interested in cross-selling Medicare Advantage, annuities, or growing their own insurance agency.

                                              Reach out to David by starting here. Talk soon!