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American Amicable No Medical Exam Review

Shortcut: If you are just looking for quotes, please select American Amicable in the quote results from our form on the left or above (mobile). To learn more about our review of the American Amicable no exam life insurance product, please keep reading.


Quick Summary: A strong and well rounded no exam option. You can find cheaper, but the overall value here is excellent for what is included. Renewable to age 95, issued until 75, and convertible until 75 are all some of the highest age limits available. Not a great fit for those in excellent health but they will approve people with some health issues and do so without requiring a physical exam.


You want to bypass the exam? For the best comparison and breakdown of all the top no exam life insurance companies, take a look at this. We give you the high/lows and analysis in one place so you can decide. If you need help, that's what we are here for. It's free and without obligation to work with us.

About the Company

American Amicable insurance company logo

Starting back in 1910, American Amicable has prided itself on being at the leading edge of innovation in the life insurance market. Through the years, their portfolio of companies has grown to 5 different insurance companies operating under the group.

AM Best gives American Amicable a rating of "A" which is the 3rd highest and considered very strong. The parent company, Industrial Alliance, manages over $100 Billion in assets.

American Amicable is considered a very safe company on solid financial footing.

About the Policy

Product Name

Term Made Simple

Coverage

$50,000 to $400,000

Issue Age

18 to 75

Term Length

10, 15, 20, 30 years

Underwriting Process

American Amicable will run a series of database checks to quickly gather information about you since they don't have the medical exam to look at. 

  • Motor Vehicle Report 
  • Prescription Database
  • Medical Information Bureau

Think of the Medical Information Bureau (MIB) like a credit bureau for insurance application information. This was started to keep underwriting costs down and prevent fraud. Information about your health and previous approvals/denials will be stored in the MIB. Insurance carriers share what they find with other companies.

Bottom line: Expect information about your health to be discovered even if you don't take a medical examination.

Application Questions

If your medical history contains a condition or history that requires lots of explanation, going through with a medical exam may get you a better rate on your life insurance policy

Just like a fully underwritten policy, expect questions about your medical history and lifestyle including:

  • Age
  • Gender
  • Hospitalizations
  • Medical conditions
  • Height and weight
  • Tobacco usage
  • Drug and alcohol use
  • Occupation
  • Income level
  • ​Dangerous hobbies

Decision Time

American Amicable is pretty fast. Some are approved within a few days, most in under 2 weeks. Medical records may be requested in some cases in order to give a decision. This can extend the timeline a couple more weeks.

Pros

Very good included riders and policy options

Can be renewed up to age 95 without new underwriting

​Liberal build chart

Cons

You can find less expensive options (although it is a nice value)

Extras and Options

Term Made Simple has some very nice riders included at no cost. These are better than you'll find at most no exam companies. Included are:

  • Terminal Illness Accelerated Benefits Rider
  • Accelerated Benefits Rider - Confined Care
  • Chronic Illness Accelerated Benefit Rider 

At an additional cost, you can further customize this policy with the following riders:

  • Accidental Death Benefit
  • Accelerated Living Benefit Rider
  • Children's Insurance Agreement
  • Total Disability Benefit Rider
  • Waiver of Premium Rider
  • Waiver of Premium Rider for Unemployment Rider

American Amicable permits conversion to one of their permanent policies up to age 75. This is much higher than the average no exam policy. No proof of health and insurability is needed if you exercise the conversion.

Cost

American Amicable's no medical product is not the cheapest available although we do think it's a nice value for what you get in return. 

Sample No Exam Term Premiums - American Amicable

42-year-old male at Standard health class - pricing listed is per month

Death Benefit

10 Year

20 Year

30 Year

$150,000

$22

$30

$41

$250,000

$44

$65

$90

$400,000

$66

$101

$141

38-year-old female at Preferred health class - pricing listed is per month

Death Benefit

10 Year

20 Year

30 Year

$150,000

$16

$19

$25

$250,000

$27

$37

$52

$400,000

$40

$56

$80

Use our quote engine to see what rate you'll pay for an American Amicable policy without the exam.

How to Find the Right No Medical Exam Policy

American Amicable is a popular non-medical choice for some of our clients.

But how to know if it's the right choice for you?

If you are in great health, you can probably do better since they don't offer higher than Standard health class without taking a physical exam. For those at Standard or substandard down to Table 4, it should be towards the top of your list.

You will want to consider the benefits and riders included in their policy and see if any are important to you. If you have a health issue that American Amicable is lenient towards, they may be a strong option. It's important to compare and investigate the 20+ companies and policies that offer no exam coverage before making this important decision.

The best way to do this is to work with an independent agency that is:

helping with life insurance
  1. Unbiased and not obligated to any particular life insurance company.
  2. ​Has access to all the top no exam products as well as some niche products for certain people/situations.
  3. Is a specialist in the no exam area.

You're in luck:) We do all the above and more. If you'd like to have a no pressure talk about options, please contact us or fill out the quote request form on this site.

Life insurance rates are fixed by law so there is no additional cost to use our service and expertise. We would be grateful to help you put protection in place for those you love.

About Ty Stewart

Ty Stewart is the founder of SimpleLifeInsure. He is an independent life insurance agent that works for his clients nationwide to secure affordable coverage while making the process simple. There is never any cost to use his services.

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