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MoneyGeek’s Take: Is AmeriLife Right for You?

AmeriLife is a good fit for those looking for health insurance coverage or annuities in addition to life insurance options. The company offers the most basic life insurance policy types, such as term life insurance, whole life insurance and indexed life insurance policies. However, information is limited on its website regarding policy limits and benefits.

Those with a financial background should look into the company’s indexed universal life insurance policies for higher returns potential, tax-deferred capital gains and greater flexibility.

AmeriLife may not be ideal for seniors, given that it has no final expense policy option. Instead, consider AIG if you’re looking for final expense insurance. AIG provides a large selection of customizable policies and plenty of rider options. Some of its policies come with guaranteed acceptance and do not require a medical exam.

To help you make the best choice before applying, read our review of AmeriLife's policies to learn more about the company and its life insurance options.

At a Glance: AmeriLife Life Insurance



Partners with and issues insurance from a network of trusted carriers

Fifty agency locations serve customers nationwide

Positive BBB ratings


Limited policy offerings

Limited plan information on its website

Need to speak with an agent to apply for plans


AmeriLife was founded in Florida in 1971 and has offered life insurance since 2019. It has 50 agency locations across the United States and over 300,000 insurance agents and advisors. AmeriLife has acquired over 30 affiliates over the past few years in life and health insurance, annuities and retirement planning. Customers considering AmeriLife can choose between whole life insurance, term life insurance and indexed universal life insurance plans.

In early 2023, AmeriLife partnered with Guarantee Trust Life Insurance Company to offer Turbo Term Instant Issue Life Insurance. With this new platform, agents can provide clients with customizable coverage, adjustable benefits, a range of term lengths and coverage between $100,000 and $1,000,000. It features a fully digital application procedure and requires no medical exams. Turbo Term Instant Issue Life Insurance is currently available in every state except New York and California.

Unfortunately, the company offers limited information about qualifications, coverage options and policy types on its website. You’ll need to get in touch with an agent in your area to learn more about your chosen plan.

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Key Takeaways

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AmeriLife offers a fully digital application to agents in partnership with Guarantee Trust Life Insurance Company that does not require clients to undergo a medical exam.

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AmeriLife offers whole life insurance, term life insurance and indexed universal life insurance policies.

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You’ll need to speak with an agent for more information about the availability of life insurance plans in your area.

AmeriLife Policy Options Explained

According to the Life Insurance Marketing and Research Association's (LIMRA) 2022 Insurance Barometer Study, 31% of American adults are more likely to purchase life insurance as a result of the pandemic, and nearly half acknowledge that they are not financially secure enough to handle the loss of a primary wage earner. AmeriLife offers several life insurance coverage options as a safety net.

Term Life Insurance Options From AmeriLife

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    AmeriLife offers term life insurance but does not offer any details on its website about specific policy terms and benefits. Term life is the least expensive type of life insurance and covers you for a set amount of time or term. Term life insurance, unlike whole life insurance, does not accrue cash value or provide a death benefit once the policy term has passed.

The best candidates for term life insurance are young individuals with considerable financial demands, such as children's college funds, that must be met if they pass away. It is also a good fit for those seeking short-term coverage.

Whole Life Insurance Options From AmeriLife

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    AmeriLife also offers whole life insurance, but the company's website has no detailed information about the different policies available. This type of insurance, also known as ordinary life insurance, builds cash value as it grows. Whole life insurance covers the policyholder for their whole life and never expires.

People typically buy whole life insurance because they want lifetime coverage. With whole life insurance, beneficiaries are guaranteed a payout when the policyholder passes away, which can help them pay for estate taxes or long-term care costs not covered by health insurance. The cash value that increases tax-deferred is one of the most attractive aspects of whole life insurance.

Universal Life Insurance Options From AmeriLife

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    AmeriLife offers indexed universal life insurance (IUL) policies but does not list the tiers and policy types on its website. Universal life insurance is more flexible than whole life insurance, as death benefits and premiums can be adjusted over time if needed. Compared to traditional universal life insurance, IUL policies may have a higher interest rate and can build cash value more quickly by tracking a stock market index.

Although this varies by provider, indexed universal life insurance plans usually offer a minimum guaranteed return of 0% to 1%. Since the policy could expire if target premiums are not met or the fund's value is insufficient to cover costs and fees, you should only use this type of fund if you have a solid understanding of the stock market or have guidance from a financial adviser.

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AmeriLife Life Insurance Riders

A life insurance rider is an add-on to an existing insurance policy that provides additional benefits for a specified fee. You can use riders to customize your policy according to your needs.

AmeriLife doesn’t specify which riders it offers, so you’ll have to contact an authorized agent in your area to learn more.

How to Get AmeriLife Life Insurance

If you’re not sure how to buy life insurance from AmeriLife, the following sections will outline the steps, as well as what to do in case your application is denied.

How to Buy Life Insurance From AmeriLife


Do Your Research

The best place to start is by doing some research on the type of policies you need. To learn more about the policies offered by AmeriLife, visit its website or contact an agent.


Compare Quotes

Remember to compare quotes even if you find a policy that meets your insurance needs. The cost of your premium may be impacted by a number of variables, including your age, gender, lifestyle and coverage needs. Availability can also be limited depending on where you live.


Health Check

Once you've made a decision, complete the application and any medical tests that may be required. You'll typically need to provide basic health information and may be asked for additional information depending on the policy.



After AmeriLife approves your application, you'll get a copy of your policy. You can also contact your agent if you have any questions or concerns. If you’re denied coverage, please read the following section.

What to Do if AmeriLife Denies You Coverage


Contact Your Broker

If you’re denied a policy, get in touch with your AmeriLife agent to find out why. You may need to submit additional documents or change your coverage options.


Lifestyle Changes

Some insurance companies may not approve your application if you have certain health conditions. Making changes to improve your lifestyle may help if you're able to demonstrate an improvement in your health.


Explore Other Options

Final expense insurance is one of a few alternatives that can be easier to buy coverage for. Keep in mind that the cost of premiums may be higher and that policy terms may be more restrictive.

Frequently Asked Questions About AmeriLife Life Insurance

Here are some answers to buyers' most frequently asked questions when considering AmeriLife as their insurance provider.