Company Information
Company Name
Americo Life
Product Name
Americo Life Platinum Assure 4
Description
Americo’s Platinum Assure 4 is a single premium, fixed annuity with a four-year rate guarantee. After four years, owners can withdraw, transfer, or reinvest their full account value. If no action is taken, the company will declare a one-year interest rate with no surrender penalties. The policy does not automatically renew for a new term.
This policy includes a Market Value Adjustment feature. It also includes free 5% free withdrawals in all years. There are no surrender charges at passing.
AM Best Rating
A
URL
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Free Withdrawals Yr1 / Yr2+
5% / 5%
Rate
5.30%
Term
4 Years
Minimum Investment
$ 25,000
Maximum Investment
$1,000,000 without prior approval
Maximum Age
90
Surrender Schedule
9%, 8%, 7%, 6%, 0%
What We Like About This Annuity
Low minimums to start. Offered from an A rated carrier with 5% policy liquidity in all years. It also includes annuitization, nursing home and hospitalization waivers at no cost.
Notable Features
Nursing home and hospitalization waivers: If the Owner is confined for at last 90 consecutive days in a qualified nursing home or hospital, all surrender charges will be waived.
Other Popular Products
While mostly known for their fixed annuity products, Americo also specializes in life insurance. Their whole, term, universal and indexed universal life policies are very competitive.
Download Brochure
About Americo Life, Inc.
This long-standing insurance company and its affiliates have offered consumer-friendly insurance products for over 100 years. They are one of the largest privately held insurance companies in the United States and are domiciled in Kansas City, MO.
They boast a strong A rating with AM Best, and their affiliates include Americo Financial Life, Great Southern, United Fidelity, and others. Providing excellent service to their policyholders is a top priority.