Group Affiliation: Americo Life Group
NAIC Company Code: 61999
State of Domicile: Texas
Year Founded: 1946
A fixed index annuity earns interest based on the performance of an external stock market index. If the selected index increases, then the annuity is credited interest using one of the indexed annuity crediting methods. If the stock market decreases the annuity earns zero interest for the year; an index annuity provides principal protection.
A MYGA provides a specified interest rate for a set number of years. Earnings grow tax-deferred, so you do not incur tax until you begin making withdrawals. You can review AMERICO annuity rates to other top annuity companies here.
Americo’s History
The roots of the Americo family of companies date back more than 100 years. Americo Life, Inc., our holding company, is currently one of the largest, independent, privately held insurance companies in the United States.
The Americo family of companies includes:
Americo Financial Life and Annuity Insurance Company (formerly known as The College Life Insurance Company, founded in 1946)
Great Southern Life Insurance Company, founded in 1909
United Fidelity Life Insurance Company, National Farmers Union Life Insurance Company, and Investors Life Insurance Company of North America
Each of these companies has a long, successful history on which Americo is building its future.
Americo Financial Life and Annuity Insurance Company have a financial strength rating of A (Excellent, 3rd out of 15 rating categories) from A.M. Best.
A.M. Best’s rating is assigned after a comprehensive quantitative and qualitative evaluation of a company’s balance sheet strength, operating performance, and business profile. A.M. Best uses a scale of 15 ratings, ranging from “A++” to “F.
A.M. Best rating for Americo Financial Life and Annuity Insurance Company (Americo), October 2021.
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