Americo Eagle Select Final Expense Product Guide

Carrier: Americo Financial Life and Annuity Insurance Company
Product Name: Eagle Select Final Expense
Policy Series: 311, 312, 413
Available in: All states except NY
Contact: 800.231.0801 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Agent Portals: portal.americoagent.com, tools.americoagent.com

Product Overview

Eagle Select is a whole life insurance product designed to help families cover final expenses such as funerals and burials. It includes an instant decision eApplication and offers simplified underwriting with multiple benefit tiers based on health profile.

Issue Ages & Face Amounts

• Age Last Birthday
• Issue Ages:
  • Eagle Select 1 & 2 (Non-Nicotine): 40–85
  • Eagle Select 1 (Nicotine): 40–85
  • Eagle Select 2 (Nicotine): 40–75
  • Eagle Select 3: 40–75
• Face Amounts:
  • Eagle Select 1 & 2: Up to $40,000
  • Eagle Select 3: Up to $25,000

Quit Smoking Advantage

Smokers may qualify for non-nicotine rates for the first 3 years. If they quit for 12 months and provide proof, they can keep the rate for the life of the policy.

• Benefit Options (selected at policy year 3):
  • Option A: Face amount reduced, premium level
  • Option B: Face amount level, premium increases
  • Option C: Face amount and premium remain level (proof of non-nicotine use required)

Premium & Policy Info

• Premiums payable to age 100
• Policy Fee: $40 annually (commissionable)
• Premium Modes: Annual (1.0), Monthly Bank Draft (0.095)
• Policy Loans: Available, 7.4% interest charged in advance (effective 8.0%)
• Non-Forfeiture Options: Reduced Paid-Up, ETI, or Surrender

Underwriting Highlights

Instant decision process via eApplication. Uses MIB, Rx checks, and client responses to determine eligibility tier.

Knock-Out Conditions (Declined):

• Organ/Tissue Transplant
• Multiple Sclerosis, ALS, Lupus
• Alzheimer's, Dementia, Huntington’s
• Wheelchair-bound (due to disease), Hospice care, Supplemental Oxygen
• Awaiting tests/surgery/diagnosis

Condition-Specific Tiering (Eagle Select 1 Not Available If):

• Respiratory Disease + Nicotine use
• Stroke or TIA + Nicotine use
• Heart Disease + Nicotine use
• 2 of: Diabetes, Heart Disease, Stroke/TIA (even non-smoker) → Eagle Select 2 Non-Nicotine
• Peripheral Vascular Disease + Diabetes → Eagle Select 2

Build Chart

Acceptable weight ranges based on height:

Included Rider

Accelerated Benefit Payment Rider: Pays up to 50% of death benefit if terminally ill (life expectancy 12 months or less; 24 months in some states). One-time use, subject to lien and $250 admin fee.

Optional Riders

• Accidental Death Benefit Rider: Matches policy face amount. Extra payout if death occurs as fare-paying passenger on public transport.
• Child and Grandchild Term Rider: $1,000–$5,000 per child, expires at age 25. Convertible between ages 18–22 or upon death of insured.

eApplication Process

• 100% electronic — text/email signatures with 6-digit code
• No phone calls or paperwork
• Social Security billing option available
• Policy eDelivery

Register at tools.americoagent.com using Americo Agent ID and last 4 of SSN.

Agent Notes

• Run all quotes at Smoker rates — even if Quit Smoking Advantage will apply
• Eligibility decisions rely on both client responses and third-party checks
• Underwriting decisions may be adjusted based on real-time Rx or MIB results

For agent use only. Not for public distribution. Refer to Americo materials for complete underwriting details and policy exclusions.