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APA Muhtadi, L. (2025, January 21). American Life At a Glance: Rates, Products and Reviews. RetireGuide.com. Retrieved January 21, 2025, from https://www.retireguide.com/annuities/companies/american-life/

MLA Muhtadi, Lena. "American Life At a Glance: Rates, Products and Reviews." RetireGuide.com, 21 Jan 2025, https://www.retireguide.com/annuities/companies/american-life/.

Chicago Muhtadi, Lena. "American Life At a Glance: Rates, Products and Reviews." RetireGuide.com. Last modified January 21, 2025. https://www.retireguide.com/annuities/companies/american-life/.

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Key Takeaways
  • American Life financial products include fixed index and multi-year guaranteed annuities, in addition to life insurance.
  • American Life annuities include several unique features and benefits, but fees are not publicly disclosed.
  • As a company, it rates high for financial stability and customer satisfaction, with very few customer complaints.

Company Overview

American Life & Security Corporation, based in Lincoln, Nebraska, is a life insurance and annuity company founded in 1960. It is a smaller provider, holding just 0.034% of market share with almost $850 million in annual premiums.

Commonly referred to as American Life, this company prioritizes convenience and simplicity with a concentrated focus on customer service. Further proof of this came in 2018, when the company expanded to provide cloud-based services via FAST Technologies and Amazon Web Services (AWS).

Types of Annuities Offered

American Life offers two fixed index annuities and two multi-year guaranteed annuity products.

Fixed Index Annuities

American Life offers two fixed index annuities: the American Select and the MaxGrowth 10.

American Select
The American Select Annuity is a fixed index annuity that benefits from tax-free growth while receiving protection from market downturns. It uses an initial upfront premium with your choice of five market indexes or a fixed index rate. Options include the S&P 500 ESG, Goldman Sachs Xenith, Janus SG Guidance Index: Value Lock, S&P 500 Index and MARC 5% Index or a fixed interest account. There is also the option to change allocations on the contract anniversary.
MaxGrowth 10
The MaxGrowth 10 Fixed Index Annuity is designed for those who wish to grow their money for a minimum term of 10 years. There is a choice of a fixed rate, four market indexes or a combination of the two. Either way, the premium grows tax-deferred until a withdrawal is made, with a special 5x5 Annuitization option that skips surrender charges. There is also the option to add a Premium Bonus, which earns interest like your premium.

Multi-Year Guaranteed Annuities (MYGA)

In addition to the fixed annuities American Life offers, there are two multi-year guaranteed annuities (MYGAs) available.

American Classic
The American Classic Annuity is a fixed deferred annuity with a multi-year rate guarantee. It carries an initial upfront premium with fixed interest rates and tax-deferred growth. Withdrawals are permitted for required minimum distributions (RMDs), and you can withdraw up to 10% of your funds annually without penalty. A guaranteed death benefit is also included, which saves on surrender charges.
American Fusion
The American Fusion annuity is another MYGA available, featuring tax-deferred growth with a fixed interest rate for five years. A bonus interest credit may be available based on the performance of the S&P 500 Index when no RMD withdrawals have been taken. American Life’s guaranteed death benefit is included with a spousal continuation feature that transfers the contract to a spousal beneficiary if the primary policyholder dies.
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Key Features and Benefits

American Life annuities are made all the more attractive by certain benefits and features.
Its Loyalty Bonus is one such feature, offering incentives when you do not make withdrawals during the guarantee period. Another feature is the Premium Bonus option that accompanies the MaxGrowth 10 annuity, enabling you to earn extra interest in conjunction with your initial premium.

Features and benefits vary by product, so ask a financial advisor for further details.

Fees and Charges

American Life does not publicly disclose its fees, but a licensed financial advisor can provide more details about what fees and charges to expect.

Customer Service and Financial Stability

American Life earns high marks for customer service and satisfaction. The National Association of Insurance Commissioners (NAIC) reports no complaints at all for an impressive 0.00 company complaint index. It has been accredited with the Better Business Bureau (BBB) since March 2010 and has received an A- rating with only three complaints in the last three years.

For financial strength, it receives an AA- rating from S&P Global and a B++ (Good) rating from AM Best.

Overall, these scores show a high level of customer satisfaction with solid financial stability.

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Evaluating American Life Annuities

American Life retirement planning is worthy of consideration as a highly rated life insurance and annuity provider. It earns high scores for customer satisfaction with hardly any customer complaints, indeed a rarity among annuity companies. It also rates well for financial strength, showing it to be a trustworthy company that can manage its contracts without issue.

Financial products are limited to American Life fixed annuities and MYGAs, with just four options total. However, if its products fit the bill, American Life makes an appealing offer with thoughtful features and additions to enhance the standard annuity.

Frequently Asked Questions About American Life Annuities
What is American Life rated?
American Life & Security Corporation has an impressive 0.00 company complaint index and is accredited by the BBB with an A- rating, reflecting high customer satisfaction. The company also holds strong financial ratings, with an AA- from S&P Global and a B++ (Good) rating from AM Best.
What are the key benefits of American Life annuities?
American Life annuities offer benefits such as tax-deferred growth, market downturn protection, loyalty bonuses and premium bonuses, with additional features like guaranteed death benefits and spousal continuation options.
What types of annuities does American Life offer?
American Life offers two fixed index annuities (American Select and MaxGrowth 10) and two multi-year guaranteed annuities (American Classic and American Fusion), each with unique features designed to grow your investment and provide customizable protection.

Editor Norah Layne contributed to this article.

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Last Modified: January 21, 2025
lena muhtadi borrelli headshot
Lena Muhtadi Borrelli Financial Writer
  • Over 20 years in finance, progressing from an intern at Morgan Stanley to supporting top financial advisors
  • Featured in major publications such as Forbes, TIME, Newsweek, Investopedia, Bankrate and others
  • Bachelor of Business Administration (BBA) and Bachelor of Applied Science (BASc) in Marketing, both from St. Petersburg College
Edited By
Professional headshot of Rachel C Murphy, financial writer for RetireGuide.com
Rachel C. Murphy Financial Editor

5 Cited Research Articles

  1. J.D. Power. (2023, 12 October). Satisfaction with Life Insurance and Annuity Products Climbs as Customers Embrace Digital, J.D. Power Finds. Retrieved from https://www.jdpower.com/business/press-releases/2023-us-individual-life-insurance-annuity-studies.
  2. American Life. (n.d.). American Select Fixed Indexed Annuity. Retrieved from https://www.american-life.com/product/american-select/.
  3. American Life. (n.d.). MaxGrowth 10 Fixed Indexed Annuity. Retrieved from https://www.american-life.com/product/maxgrowth-10/.
  4. American Life. (n.d.). American Classic Fixed Deferred Annuity. Retrieved from https://www.american-life.com/product/american-classic/.
  5. American Life. (n.d.). American Fusion Multi-Year Guaranteed Index Annuity. Retrieved from https://www.american-life.com/product/americanfusion/.