Company Information
Company Name
Americo Life
Product Name
Americo Life Platinum Assure 5
Description
Americo’s Platinum Assure 5 is a single premium, five-year annuity with a market value feature. It offers free 5% liquidity in all five years and no surrender charges at passing. (In California, this policy offers 10% liquidity in all years.)
AM Best Rating
A
URL
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Free Withdrawals Yr1 / Yr2+
5% / 5%
Rate
5.05%
Term
5 Years
Minimum Investment
$ 25,000
Maximum Investment
$1,000,000 without prior approval
Maximum Age
90
Surrender Schedule
9%, 8%, 7%, 6%, 5%, 0%
What We Like About This Annuity
This is a mid-term annuity from an A rated carrier with 5% (10% in CA) policy liquidity in all years. It also offers 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.
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About Americo Life
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 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.