Americo Instant Decision Term Series – Product Overview (CBO, Term, ADB, Payment Protector, Continuation)

Carrier: Americo

Product: Instant Decision Term Series

Product Types: Term 125, Term 100, CBO 100, CBO 50, ADB Term, Payment Protector

Issue Ages: Varies by term (20–75 overall range)

Face Amounts: $25,000–$450,000 (non-med)

Target Market: Term life, mortgage protection, return-of-premium, or income payout benefits

Product Overview

The Americo Instant Decision Term Series is a simplified issue term life insurance suite offering a variety of death benefit and cash-back designs. These products are issued with no medical exams required and deliver an instant underwriting decision via electronic application (eApp). Each plan supports specific income replacement goals, mortgage protection strategies, or return-of-premium benefits. Non-medical underwriting is available up to $450,000 across the series.

Issue Ages and Face Amounts

• Minimum Face Amount: $25,000

• Maximum Face Amount (Non-Medical): $450,000

By Product Type and Term Length:

CBO 100 & CBO 50

• Terms: 30, 25, and 20 years

• Issue Ages:

  • 30-Year: 20–55 (Non-nicotine); 20–50 (Nicotine)

  • 25-Year: 20–55 (Non-nicotine); 20–50 (Nicotine)

  • 20-Year: 20–60 (Non-nicotine); 20–52 (Nicotine)

Term 125 & Term 100

• Terms: 30-, 25-, 20-, and 15-year level terms

• Issue Ages:

  • 30-Year: 20–60

  • 25-Year: 20–65

  • 20-Year: 20–70

  • 15-Year: 20–75

ADB Term (Low-Cost Accidental Term)

• Terms: 30 years (ages 20–50); 20 years (ages 51–60)

• Death Benefit: $1,000 all-cause, plus Accidental Death Benefit (ADB): $100k, $150k, $200k, or $250k

Payment Protector & Continuation 10/25

• Term Durations: 30, 25, 20, 15 years, or to Age 70

• Issue Ages (Payment Protector): 20–60 (30 yr); 20–65 (25 yr); 20–70 (20 yr); 20–75 (15 yr); 20–50 (To Age 70)

• Issue Ages (Continuation 10): up to 60 depending on term length

Plan Types & Features

• CBO 100 / CBO 50: Return of 100% or 50% of base premiums paid via Enhanced Surrender Value Rider

• Term 125 / Term 100: Guaranteed level term with optional riders

• ADB Term: Low-cost option with small all-cause benefit and larger ADB

• Payment Protector: Monthly income payout to beneficiaries (lump sum optional)

• Continuation Series: Whole life with reduced benefit (10% or 25%) after initial term

Underwriting Notes

• All products are simplified issue with instant decision via eApp

• No medical exams; may depend on answers to medical and personal history questions

• Risk classification: Standard Nicotine or Standard Non-nicotine (24-month non-use required for Non-nicotine)

• Unisex premium rates

• Build chart used internally (not publicly listed)

Knockout Conditions:

• No specified list provided, but products may decline based on:

  • Personal history questions

  • Health disclosures in application

  • MIB, Rx checks, and motor vehicle history

No height/weight chart publicly available.

Included Riders

• Living Benefit Riders (included at no cost): Critical Illness, Chronic Illness, Terminal Illness (varies by product)

• Enhanced Surrender Value Rider (CBO products only): Returns 50% or 100% of premiums at end of term

Optional Riders

• Accidental Death Benefit (ADB) Rider

• Additional Insured Term Rider (not available on “To Age 70”)

• Children’s Term Rider (up to $15,000/child)

• Disability Income Rider

• Income Term Rider (Term 125 only)

• Involuntary Unemployment Waiver of Premium

• Waiver of Monthly Specified Premium (on UL plans)

• Waiver of Premium Rider (varies by term and product)

ADB Rider Note: Pays 25% of base death benefit upon accidental death; doubles if death occurs as a fare-paying passenger on a common carrier.

Conversion Options

• No guaranteed conversion to permanent products is outlined for core term plans

• Some riders (e.g. Children’s Term Rider) include conversion privileges at age 22 or upon death of base insured

Other Eligibility and Administration

• Available in most states (check Americo state availability chart)

• eApplication available 24/7 with instant decision

• Fully commissionable $90 policy fee

• Modal factors: Monthly EFT (0.095), Annual (1.00)

• Policy issue age is based on age last birthday

• Premium modes: Annual or Monthly EFT

This guide is based on Americo's February 2024 Term Series agent materials and is intended for internal use and Assistant training only.