Acacia Life Insurance Review

It came to that mind that you no longer can postpone getting life insurance for your family and you heard about Acacia Life.(what a cool name) Now you’re wondering if Acacia Life is the best life insurance company for you. Well, you have come to the right place since we work with over 60 top rated life insurers and have a systematic approach on how to review companies. Is this a great choice for you? In short terms, YES it’s a great company but there are a lot of companies out there and you need to know how to compare all of them. For one family Acacia might be the best choice hands down and completely the wrong way to go for another family. In this article, we will cover everything you need to know about Acacia to make an educated decision. Here is a quick summary:

You might have searched the web for some information about Acacia Life Insurance Company and probably realized that there isn’t a lot out there about the company and that is because they merged in 2013 with Ameritas. Ameritas for over 125 years and has had the same commitment to offering trusted, valued, and proven insurance to their millions of customers.
They offer a lot of different type of life insurance products like term life, whole life, universal life, index universal life, and variable life. They not only offer life insurance products but you can also secure a policy for disability insurance, vision/dental and set up a retirement plan with them
According to A.M Best, Ameritas Life is rated “A” for excellent, which is the third highest score one could have by A.M Best out of the 15 ratings. Standard & Poor’s have also rated Ameritas an “A+” for strong, which is the fifth highest of S&P’s 21 ratings.

Acacia or Ameritas Life Insurance Company Review 2017

Ameritas Life Insurance Company has been around for over 125 years and is one of the many top “A” rated companies. They offer a wide variety of life insurance products such as term life, whole life, universal life, index universal life, and variable life. They not only offer life insurance products but they also offer dental, vision and hearing insurance products as well as retirement plans and disability income. According to A.M Best, Ameritas Life is rated “A” for excellent, which is the third highest score one could have by A.M Best out of the 15 ratings. Standard & Poor’s have also rated Ameritas an “A+” for strong, which is the fifth highest of S&P’s 21 ratings.

Why you should always read a company’s rating

Reading a company’s rating is super important to know as a consumer. If you think about it, do you really buy a product from Amazon that has less than 3 or 4 stars? No, the reviews are probably bad and the product is disappointing, so why would you give money to a company with a bad rating? Life Insurance companies ask rating agencies to analyze their financials to come up with a rating. The rating agencies such as S&P and A.M Best have your best interest in their mind, they provide this kind of information to inform you of the company’s financials before you start investing. If a company has a bad rating it means that the company is not capable of standing on their own for much longer or doesn’t have the money to pay out a policy. Those are the two most important things because if a company is not able to stand on their own and something that affects the environment such as a market crash happens the company won’t know how to react and they would fail or file bankruptcy. Either way, your policy will be gone like the wind if the company picks up and leaves. If the company doesn’t have enough money they will not be able to pay out your policy and why would you pay for life insurance if your family can’t use the payout when you pass away? You can simply foretell the life of the company by simply looking at their rating, it’s there for you to read not for them it’s for you! So long story short, take the time and read a company’s rating before investing your money!

Ameritas Life Insurance Company’s Products

Ameritas Life Insurance Company like we mentioned before offers a wide selection of life insurance products which is perfect for consumers since they hit many different needs and lifestyles.

Keystone Term Life Insurance (PDF Here)

Term life is designed to provide short term protection.
The different term lengths are 1, 10, 15, 20, or 30-years for these policies.
Term life is not comparable to another plan when it comes to pricing because it is very affordable.
You can convert your term plan without a medical exam to one of their permanent options.
Each Keystone Term plan is annually renewable to age 100 regardless of your health.
Death benefits with this product are level and so are the premiums so no funny ups or downs during the term.
This plan offers to add ons like; Accidental Death Benefit, Children’s Insurance Rider, Accelerated Death Benefit, and Waiver of Monthly Deduction Rider.

Keystone Whole Life Insurance (PDF Here)

A permanent plan that will provide protection against death until age 100. This also when the policy will mature and you’ll simply get a death benefit in a form of a check.
Keystone Whole life will also accumulate cash value based on investing portions of your premium into bonds.
While your cash value is growing it can also be accessed through loans.
Keep in mind that if you borrow against your policy or take out a loan from your policy’s cash value you will have to pay it all back.
Your death benefit is also income tax-free.
Your cash value builds up from this product will also be tax-free.
The starting coverage amount is $25,000.
Available add ons are; Guaranteed Insurability, Accidental Death Benefit, Children’s Insurance Rider, Flexible Paid-Up Rider, One-Year Term, and Care4Life.

Keystone Foundation Whole Life Insurance (PDF Here)

This product is also a whole life insurance product so you will have coverage for your whole life.
Cash value is guaranteed with Keystone Foundation.
There is also a potential for dividends to enhance your death benefit or your cash value.
Your death benefits are income tax-free as well as your cash value build up.
Optional policy riders are; Guaranteed Insurability, Accidental Death Benefit, Children’s Insurance Rider, Flexible Paid-Up Rider, One-Year Term, and Care4Life.

Excel Essential Universal Life Insurance (PDF Here)

Universal life came out after whole life because people wanted more flexibility with their policy but also keep the lifetime protection.
You can pay an amount lower than your premium known as no lapse premium for 15 years without coverage terminating.
Just like whole life it has cash value accumulation that you can pull out through policy loans at your discrepancy.
You can decide if you need to make some changes to your premiums as well.
Death benefit and cash value build up are income tax-free.
Optional policy riders are; Children’s Insurance, Insurance Exchange Rider, Total Disability Benefit rider, Care4Life Acceleration Rider, and Terminal Illness Acceleration Rider.

Excel Plus Index Universal Life Insurance (PDF Here)

Index Universal life is a different type of universal life coverage with a major distinction. It offers a cash value account that gets investment returns from indexing. Quite often these plans have a floor guarantee so you won’t lose any money.
If you pay your premiums at targeted amount this policy will build a nice amount of cash value over time.
With this plan, your interest gained will never be less than 2%.
Your death benefit is tax-free.
The cash value accumulated is yours, so if you need to pull it out don’t worry.
Optional policy riders are; Children’s Insurance, Insurance Exchange Rider, Total Disability Benefit rider, Care4Life Acceleration Rider, and Terminal Illness Acceleration Rider.

Excel Performance Variable Universal Life Insurance (PDF Here)

Variable Universal life is yet another form of universal life plan so you get the flexibility, tax benefits, and cash value growth. However, this plan is not for passive investors or people looking for simple life insurance. The reason is the cash value gets invested directly in the market and is based on your choices.
A portion of your payment gets invested in the picks you choose.
Because it is such a robust investment vehicle you’ll be provided investment tools with Ameritas.
You will have to manage your time with this policy because it will need your undivided attention.
This is the only policy that you should consider if you want life insurance as an investment.
Just like all other permanent plans, you can get access to your cash value via loans.
Optional policy riders are; Children’s Insurance, Insurance Exchange Rider, Total Disability Benefit rider, Care4Life Acceleration Rider, and Terminal Illness Acceleration Rider.

Work with us!

So, in a nutshell, you know that Acacia is now Ameritas Life. The company is a strong carrier and you won’t lose sleep at night because they are definitely around to pay out claims. To answer your question yes you can go with this company. The only issue is why would you go with anyone unless you checked the entire marketplace. A lot of individuals don’t realize that you can get the most competitive rates from top notch companies like Banner Life, Prudential, American General and much more. We work with over 60 top rated companies and our service is absolutely free. Please use one of our comparison tools or simply call us at 888.492.1967.