IA American

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IA American and its affiliated companies market life insurance products including whole life, universal life, term, group term, final expense, and annuities. These programs are designed to fit the needs of our customers.

Final Expense

Ordinary Whole Life Insurance

  • Issue ages 0 to 85 (ages vary in some states)
  • Multiple Death Benefit Plans to qualify for based on health history
  • No Cost accelerated benefits including Terminal Illness & Confined Care
  • Affordable Premiums that never increase regardless of changes to your age or health.
  • Death Benefit cannot decrease regardless of changes to your age or health.
  • Benefits are paid to your beneficiary and are not subject to federal income tax.
  • Cannot be canceled because of changes to your age or health as long as premiums are paid.
  • Accumulated Cash Value can be used for emergencies or other financial needs.
  • No Medical Exams or blood work required as part of the application process.

Simplified Issue Term

Non-Medical

  • No Medical Exams or blood work required as part of the application process
  • Several different term durations to choose from to suit your needs
  • Coverage amounts range from $25,000 to $250,000
  • Return of Premium option available
  • Convertible to a permanent plan of insurance without proof of insurability

Association Term

  • No Medical Exams or blood work required as part of the application process
  • 10 year renewable term
  • Issue ages 18 to 65
  • Plans are available to members of the following:
  • All Government Employees (Federal, State, County & City)
  • First Responders (Police, Firemen, emergency medical professionals)
  • Employees of State Funded Educational Institutions
  • Railroad Employees
  • Hospital Employees
  • Spouses of eligible individuals

Universal Life

Non-Medical Universal Life

  • Flexible-premium, adjustable-benefit life insurance contract which accumulates cash value
  • No Medical Exams or blood work required as part of the application process
  • Coverage amounts range from $25,000 to $250,000
  • 15 year no-lapse guarantee if minimum premium is paid

Fully Underwritten Universal Life

  • Flexible-premium, adjustable-benefit life insurance contract which accumulates cash value
  • No stated maximum coverage amount
  • No-lapse guarantee if minimum premium is paid

Modified Life

Life Insurance with Cash Accumulation Option

  • Life insurance products combined with a cash accumulation option.
  • Whole Life or Term Insurance options are available.