American Memorial Life Insurance Review [2024]
American Memorial Life Insurance Company offers niche life insurance products, rates, industry ratings, and more. American Memorial is owned by Assurant. While American Memorial only offers final expense and preneed insurance, other Assurant subsidiaries may offer more traditional life insurance policies.
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Kristen Gryglik
Licensed Insurance Agent
Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...
Licensed Insurance Agent
UPDATED: Jul 26, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Jul 26, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- American Memorial Life Insurance Company sells final expense insurance and preneed insurance.
- American Memorial is owned by Assurant, who purchased the company in 1996 to access the preneed market.
- American Memorial and Assurant both have A+ ratings from the BBB.
American Memorial Life Insurance Company specializes in selling niche insurance products. However, you may find that you’ll be missing out on traditional life insurance products, such as term life insurance.
Our American Memorial Life Insurance review will discuss its insurance products, rates, industry ratings, and more.
Read more below to find out if American Memorial life insurance and its parent company, Assurant, are right for you. Enter your ZIP code into the free quote comparison tool above to find affordable life insurance rates near you.
What is American Memorial Life Insurance Company?
American Memorial Life Insurance Company was founded in 1955. In 1996, it was purchased by Assurant, who sold its first policy in 1892, to begin providing insurance to the preneed market.
American Memorial is part of the Assurant Solutions division of the company, which is made up of brands that offer niche insurance products.
Assurant is headquartered in New York and is a Fortune 500 Company. However, it has faced legal disputes in the past ten years or so regarding canceling health insurance policies.
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What products does American Memorial Life Insurance Company offer?
American Memorial doesn’t offer traditional life insurance products, such as term life insurance or whole life insurance. Instead, it focuses on final expense and preneed insurance.
A final expense policy offers a smaller death benefit than traditional life insurance policies since they are primarily used to pay for final expenses, such as funeral costs. While the benefit is smaller, they are usually less expensive to purchase than other life insurance policies.
Preneed insurance is similar to final expense insurance except that you are involved in planning your after-death expenses, such as your funeral. You can choose a funeral home, plan the funeral, and get a death benefit that will cover the costs of what you have chosen.
The main difference between a final expense policy and a preneed policy is that the beneficiary for a final expense policy would be a person of your choosing, while the beneficiary of a preneed policy is the funeral home that you’ve chosen.
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How much is American Memorial life insurance?
American Memorial life insurance rates are not available online. To give you an idea of what you might pay for final expense insurance, take a look at the table below:
Average Monthly Final Expense Life Insurance Rates by Gender: $10,000 Policy
| Policyholder Age | $10,000 Policy: Male Average Monthly Rates | $10,000 Policy: Female Average Monthly Rates |
|---|---|---|
| 40 | $24.02 | $20.43 |
| 45 | $27.16 | $22.65 |
| 50 | $43.20 | $32.91 |
| 55 | $50.06 | $38.89 |
| 60 | $57.86 | $45.98 |
| 65 | $71.02 | $55.60 |
| 70 | $88.55 | $69.69 |
| 75 | $114.80 | $91.51 |
| 80 | $163.18 | $126.89 |
| 85 | $230.74 | $181.52 |
You should keep in mind that your rates could vary based on many different factors including your age, gender, health, location, and more.
Are American Memorial Life Insurance Company ratings positive?
The BBB has given American Memorial Life Insurance Company an A+ rating. The company has closed 7 customer complaints through the BBB website in the last year, and it has a 1.57/5 star rating.
Assurant also has an A+ rating from the BBB. It has closed 446 complaints on the BBB website in the past year, and it has a 1.05/5 star rating.
American Memorial has an A- financial strength rating from A.M. Best, which means they have an excellent ability to meet its financial obligations.
Assurant does not have an overall financial strength rating from A.M. Best. However, its long-term issuer credit rating is bbb+ (good), and its short-term issuer credit rating is AMB-1 (outstanding).
American Memorial Life Insurance Company has an NAIC complaint index of 0.26, which is significantly lower than the national median of 1.00, meaning it has fewer customer complaints than companies of a similar size.
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How can I get a quote or file a claim with American Memorial?
To get American Memorial life insurance quotes, you’ll need to contact an agent that sells its policies. Unfortunately, the American Memorial Life Insurance Company website (www.assurant.com) doesn’t have an option to search for an agent near you.
You can try calling (800) 533-2220 to ask about contacting an agent or getting a quote.
Filing a claim on the Assurant website is easy. You navigate to “Claims & Support,” click “Final Expense & Prearranged Funeral,” and follow the directions at the top. Download the claims form and either email or fax it in with supporting documents.
You must send an email with the policyholder’s name and policy number as the subject to [email protected]. Or you can fax it with the policyholder’s name and policy number on the front page to (605) 719-0601.
How can I contact American Memorial?
Assurant and American Memorial’s website is www.assurant.com. The final expense customer service phone number is (800) 621-7162. The prearranged funeral customer service phone number is (800) 533-2220.
American Memorial’s headquarters address is 440 Mt Rushmore Road, Rapid City, SD 57701.
Should I buy American Memorial life insurance?
American Memorial Life Insurance Company offers very simple policies that can help cover funeral and burial expenses so that your family doesn’t have to carry the burden. However, these do not offer enough coverage to help support your family for long.
While you may not be able to buy a policy with a large death benefit from American Memorial, you may be able to find one from another of the Assurant subsidiaries.
For help finding life insurance, enter your ZIP code into our free quote comparison tool below.
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American Memorial Life Insurance Overview
American Memorial Life Insurance offers a range of options tailored to specific needs, including American Memorial benefits that provide coverage for various end-of-life expenses. Among their offerings are American Memorial funeral insurance policies, designed to cover funeral costs and ease the financial burden on loved ones. Additionally, American Memorial Insurance provides a variety of insurance products focused on final expenses, ensuring peace of mind for policyholders and their families.
What is American Memorial Life Insurance?
American Memorial Life Insurance Company, located in Rapid City, SD, is a subsidiary of Assurant. It specializes in final expense and burial insurance. The company is known for its simple insurance products aimed at covering funeral and burial costs.
Types of Insurance Offered
- Final Expense Insurance: Provides a death benefit to cover funeral costs.
- Burial Insurance: Similar to final expense insurance, specifically for covering burial expenses.
- Preneed Insurance: Allows policyholders to plan their funeral arrangements in advance.
American Memorial Life Insurance Benefits
American Memorial Life Insurance Company in Rapid City, SD, provides valuable coverage options such as American Memorial burial insurance, which helps cover the costs associated with burial expenses. As part of the larger Assurant American Memorial Life Insurance Company, this insurance is designed to offer peace of mind and financial support for final expenses, making it a reliable choice for those seeking to ensure their burial costs are managed efficiently.
Key Benefits of American Memorial Life Insurance
- Coverage for Final Expenses: Helps ensure that funeral and burial costs are covered, relieving financial burden on family members.
- Simple Application Process: Designed for straightforward purchase and claims.
- Customized Funeral Planning: Preneed insurance offers the option to plan and pay for funeral services in advance.
Comparing Insurance Options
- AIG Burial Insurance: Provides similar coverage with different policy features and benefits.
- American Benefits Final Expense Insurance: Offers competitive final expense policies.
- American Home Life Insurance Reviews: Explore customer experiences with similar life insurance products.
Manage Your American Memorial Life Insurance
To effectively manage your American Memorial Life Insurance, it’s important to stay informed about your policy details and payment options. For those interested in exploring similar coverage options, consider $10,000 burial insurance quotes or compare with AIG final expense insurance to ensure you have the right fit for your needs. Make your American Memorial premium payment on time to keep your policy active and avoid lapses. In the event of a claim, use the American Memorial Life Insurance Company death claim form to process your claim smoothly and efficiently.
American Memorial Life Insurance Company Phone Number and Customer Service
- Customer Service Phone Number: For assistance, call American Memorial Life Insurance Company phone number.
- Customer Service: The American Memorial Life Insurance Company customer service team is available to help with inquiries and policy management.
Making Payments and Managing Policies
- American Memorial Life Insurance Company Payment Options:
- Online Payment: Log in to your account for American Memorial Life Insurance payment online.
- Premium Payment: Ensure timely payment to avoid policy lapses.
- Payment by Phone: Contact customer service for phone payment options.
Policy Lookup and Claims
- Policy Lookup: Use the American Memorial Life Insurance Company policy lookup tool to view policy details.
- Death Claim Form: Download and submit the American Memorial Life Insurance Company death claim form for processing claims.
- Login: Access your account via the American Memorial Life Insurance Company login page to manage your policy.
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Additional Information and Comparisons
Assurant and AM Best Rating
- Assurant A.M. Best rating: Assurant, the parent company, holds a solid rating from AM Best, reflecting its financial stability.
Trustage American Memorial Life Insurance
- Trustage Policies: Explore Trustage options in conjunction with American Memorial for additional coverage choices.
Reviews and Comparisons
- American Life Insurance Reviews: Check out reviews to compare with American Memorial.
- American Memorial Life Insurance Reviews: Look for feedback on the company’s services and customer experiences.
Comprehensive Guide to Assurant and Burial Insurance
When exploring Assurant insurance products, it’s important to consider various aspects including Assurant health insurance reviews, Assurant home insurance reviews, and general feedback on Assurant life insurance. Additionally, Assurant phone insurance ratings offer insight into customer satisfaction with phone insurance services.
Evaluating these reviews and ratings will provide a comprehensive understanding of Assurant’s offerings and help you make an informed decision regarding their burial insurance and other products.
Overview of Assurant Insurance Offerings
Assurant provides a broad spectrum of insurance solutions, including specialized products like Assurant Solutions life insurance and various types of health coverage. To fully understand the value and effectiveness of these offerings, consider checking out Assurant short-term health insurance reviews, which provide insights into customer experiences with short-term health plans.
Additionally, burial insurance reviews offer valuable feedback on how well Assurant’s burial insurance products meet customers’ needs and expectations.
Types of Insurance Offered by Assurant
- Assurant Burial Insurance: Designed to cover funeral and burial expenses, this insurance helps alleviate financial burdens related to end-of-life costs.
- Assurant Funeral Insurance: Similar to burial insurance but may include additional services related to planning and covering funeral arrangements.
- Assurant Preneed Insurance: This insurance allows individuals to prepay and plan their funeral arrangements, ensuring that their wishes are met.
Reviews and Ratings
Understanding the customer experience is crucial when choosing an insurance provider. Here’s a breakdown of reviews and ratings for various Assurant insurance products and services.
Assurant Google Reviews
- Overall Rating: Explore the general sentiment of customers through their Google reviews.
- Common Feedback: Highlight frequently mentioned positives and concerns in customer reviews.
Assurant Insurance Reviews
- Health Insurance Reviews: Assess the quality and customer satisfaction with Assurant’s health insurance policies, including short-term health insurance.
- Home Insurance Reviews: Review feedback on Assurant’s home insurance products.
- Life Insurance Reviews: Include ratings and opinions on Assurant’s life insurance, including its new agent program.
- Phone Insurance Ratings: Evaluate customer experiences and satisfaction with Assurant’s phone insurance offerings.
Final Expense Insurance Reviews
- Final Expense Insurance Ratings: Analyze customer ratings and reviews for final expense insurance policies.
- Final Expense Life Insurance Reviews: Focus on feedback specific to life insurance policies meant for final expenses.
- Final Expense Whole Life Insurance Reviews: Review opinions on whole life insurance policies designed to cover final expenses.
Common Issues and Complaints
Every insurance provider faces customer complaints and concerns. Here’s an overview of common issues reported with Assurant and related insurance products.
Assurant Insurance Complaints
- Types of Complaints: Identify frequent issues reported by customers, such as claim processing delays or policy misunderstandings.
- Resolution and Customer Service: Examine how Assurant handles complaints and customer service efficiency.
Burial Insurance Direct Reviews
- Customer Feedback: Compare reviews of Burial Insurance Direct to understand its reputation in the burial insurance market.
Funeral Insurance Reviews
- Funeral Advantage Insurance Reviews: Look at customer opinions on Funeral Advantage and other similar insurance products.
Contact Information and Resources
For those interested in exploring Assurant’s insurance products or needing assistance, here’s how to get in touch.
Assurant Contact Information
- Assurant Preneed Phone Number: (For preneed insurance inquiries)
- Assurant Rapid Online Services: Explore rapid online services offered by Assurant for quick policy management.
- Assurant Life Insurance New Agent Program: Details on how to become an agent and what the program entails.
Choosing the right insurance provider involves understanding the available products, customer reviews, and any potential issues. Assurant offers various insurance solutions, and reviewing customer feedback and ratings can help in making an informed decision.
Frequently Asked Questions
Who owns American Memorial Life Insurance Company?
American Memorial Life Insurance Company is owned by Assurant, a prominent provider of specialty insurance products. Assurant acquired American Memorial in 1996, and it continues to operate under the Assurant umbrella.
Is American Life Insurance legitimate?
Yes, American Memorial Life Insurance Company is a legitimate insurance provider. It is a subsidiary of Assurant and specializes in final expense and preneed insurance. The company has been operational since 1955 and maintains a solid reputation in the industry.
Is Assurant a good insurance company?
Assurant is considered a reputable insurance company with a range of products, including life, health, home, and preneed insurance. It has received generally positive feedback in reviews and has strong industry ratings, although customer experiences can vary. It’s important to review specific insurance products and customer reviews to determine if Assurant meets your needs.
Is Assurant legitimate?
Yes, Assurant is a legitimate and established insurance company. Headquartered in New York, Assurant is a Fortune 500 company that has been providing insurance solutions since 1892. It is recognized for its specialty insurance products and has a history of reliable service.
Is Assurant insurance phone number legitimate?
Yes, Assurant phone insurance is legitimate. Assurant offers insurance for mobile devices, covering damages and losses. Customer ratings and reviews generally reflect the effectiveness and reliability of their phone insurance services, though individual experiences may vary.
Is New York Life legitimate?
Yes, New York Life is a legitimate and well-established insurance company. Founded in 1845, it is one of the largest and oldest life insurance companies in the U.S. New York Life is known for its financial strength and range of life insurance products.
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
Kristen Gryglik
Licensed Insurance Agent
Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
