Today’s Best Americo Annuity Rates
| Term | Product | AM Best Rating | Rate |
| 5 Years | Platinum Assure | A | 5.65% |
| 6 Years | Platinum Assure | A | 5.65% |
| 7 Years | Platinum Assure | A | 5.65% |
Americo
Our Take
Americo is a solid choice when looking for an annuity, as it offers both fixed index annuities and MYGAs. Its fixed index options, in particular, are quite diverse, with two series and five total products available. The company’s NAIC customer complaint index score is high for its market presence, however.
Pros
- Plenty of information and brochures on annuity offerings readily available
- Offers both fixed index and MYGA options
Cons
- High number of customer complaints compared to market presence
Compare Americo Annuity Rates
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| Product | Rate | Guarantee Period | Surrender Period | AM Best Rating |
|---|---|---|---|---|
Platinum Assure |
5.05% | 5 Years | 5 Years | A |
|
Platinum Assure |
4.75% | 3 Years | 3 Years | A |
|
Platinum Assure |
5.05% | 6 Years | 6 Years | A |
|
Platinum Assure |
5.05% | 5 Years | 5 Years | A |
|
Platinum Assure |
5.10% | 7 Years | 7 Years | A |
Additional Products Offered by Americo
Americo primarily offers fixed index annuities, with those products divided among two different series. But the company offers a MYGA option as well, which is available with six different terms.
Fixed Index Annuities
Americo’s fixed index annuities are available in two groups: the Ultimate One Index Series and the Americo Elite 5.
The three annuities in the Ultimate One Index Series vary by their surrender charge length schedule and have options ranging from five to nine years depending, in part, on your age.
| Product | Surrender Period | Surrender Charge Schedule |
| Ultimate One Index 7 (if you are 85 or younger) | Seven Years | 9%, 8.5%, 8%, 7%, 6%, 5%, 4% |
| Ultimate One Index 7 (if you are 86 to 90) | Five Years | 7%, 6%, 5%, 4%, 2% |
| Ultimate One Index 9 | Nine Years | 11%, 10.5%, 10%, 9.5%, 9%, 8%, 7%, 6%, 5% |
| Ultimate One Index 9 Bonus | Nine Years | 13%, 13%, 12%, 11%, 10%, 9%, 8%, 7%, 6% |
The Ultimate One Index Series is based on the performance of the S&P 500 and offers four credit rating options. Each option includes an issue limit minimum of $10,000 and a maximum of $1 million.
This series includes several of the standard benefits available from annuities across the industry. For example, they allow you to withdraw 10% of the annuity’s value each year after the first year of the contract without penalty. They also waive the surrender charge if you must enter a nursing home or need an extended stay in a hospital.
While most of the options vary by surrender charge, the Ultimate One Index 9 Bonus offers a 5% premium bonus. The tradeoff is a higher initial surrender charge.
Americo Elite 5
Americo has an additional fixed index option available, separate from the Ultimate One Index Series, known as the Americo Elite 5.
It offers 10 index options and is available with surrender periods of five or 10 years. Your interest rate is guaranteed to never fall below zero and you have access to the same standard benefits, such as nursing home and hospital confinement waivers, that are available through the Ultimate One Index Series.
Multi-Year Guaranteed Annuities
In addition to its fixed index options, Americo also offers MYGAs through its Platinum Assure Series.
Americo’s Platinum Assure MYGA is available in terms of two, three, four, five, six or seven years.
The Platinum Assure has six term options available, along with a minimum issue of $25,000 and a maximum of $1 million. The annuity includes a 45-day rate lock and the same nursing home/hospital confinement waiver attached to other Americo products.
The interest rate is guaranteed and, when your term ends, you can remove all of your money with no penalty.
Buy an Annuity From Americo Today
About Americo
Americo is a sizable player in the annuity space, with over $480 million in direct premiums sold in 2022. In addition to annuities, the company sells life insurance and vision insurance.
Based in Kansas City, Americo was originally founded as the College Life Insurance Company in 1946. The overarching holding company also owns Great Southern Life Insurance, United Fidelity Life Insurance, National Farmer’s Union Life Insurance and Investors Life Insurance.
The company holds a financial strength rating of A from AM Best.
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Credit Ratings
Credit ratings for annuity providers can help determine a company’s financial strength and stability — an indication that it will be around to guarantee payments to you in the future. Different rating companies use different scales.
Americo Credit Ratings
| Rating Company | Credit Rating |
| AM Best | A |
| Fitch | Not Rated |
| S&P | BBB- |
See which annuity providers our independent editorial team ranked as the Best Annuity Companies of 2024.
What Customers Are Saying About Americo
Annuity.org spoke to a couple customers who have annuities through Americo, and their experiences were mixed. Mark F., for example, ran into some contract revision issues that he had difficulty sorting out over a period of years.
“My insurance company experience was horrible with a capital H,” he said. “Would I have anything to do with Americo in the future? No, not one bit.”
The other customer Annuity.org spoke to had had no issues with their Americo experience. However, the company does have more customer complaints than expected given its market presence, holding a 3.63 NAIC Complaint Index score.
My insurance company experience was horrible with a capital H. Would I have anything to do with Americo in the future? No, not one bit.
Mark F., Americo Customer
Americo also did not appear in either the 2022 or 2023 additions of the J.D. Power Customer Satisfaction Index Ranking, which measures the overall customer satisfaction of annuity providers.
The National Association of Insurance Commissioners (NAIC) tracks the consumer complaints that each state’s insurance commission receives each year. These are used to compile a company’s NAIC Complaint Index.NAIC Complaint IndexDetermined by dividing the company’s share of complaints in the U.S. market by the company’s share of premiums in the U.S. market. The National Complaint Index is always 1.00, so a score of 2.00, for example, is twice as high as expected in the market.
NAIC Complaint Index for Americo
| All Policy Types | 1.68 |
| Individual Annuities Only | 3.83 |
Americo Pros & Cons
One big pro to Americo is the sheer diversity of annuity options available. This varies widely by provider, but many competitors offer just a couple of simple products.
Americo goes beyond that, offering two series of fixed index annuities — with variations available for each — as well as MYGAs with several terms.
The company also does a great job of making information about its products readily available, with comparison sheets, brochures and current rates all easily accessible.
As far as cons, the only major drawback is Americo’s lack of customer satisfaction track record. This is not to say that customer satisfaction is determinedly worse than competitors, but that there is simply a lack of data.
Many major carriers rank in the J.D. Customer Satisfaction Index Rating, but Americo does not, and its NAIC Complaint Index Score leaves a lot to be desired.
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Provider Rating Methodology
Annuity.org created a fact-based methodology to analyze the strength, security and reach of different annuity providers. We assessed companies based on their availability, the number of direct premiums sold, their AM Best Financial Strength Rating and their NAIC Complaint Index score.
Providers received a rating on a five-star scale for each of these categories, with the complaint index and financial strength ratings weighed as the heaviest variables. Then, using a weighted average, each company was assigned an overall star rating.
Top-Ranked Annuity Providers
| Provider | Annuity.org Star Rating |
| Mass Mutual |  |
| New York Life | |
| Pacific Life | |
| Midland National | |
| North American | |
| Western & Southern | |
Our Rating Panel
The Annuity.org editorial team spoke with several different annuity experts to learn more about what is important to customers when searching for a provider and what factors make a company reliable. While Annuity.org designed the methodology, these experts provided feedback during the process and consulted on what factors we should leverage to best help prospective buyers compare providers.
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