When I help families research american financial security life insurance options, I often get questions about specific companies they’ve heard about or seen advertised. American Financial Security Life Insurance Company of Kentucky is one name that comes up, and I want to give you the straight facts about what they offer and how they compare to other options in the market.
For a complete overview, see understanding term life insurance.
American Financial Security Life Insurance Company has been around since 1936 and holds an A- (Excellent) rating from A.M. Best, which indicates strong financial stability. They’re licensed in multiple states across the U.S. and focus primarily on final expense and simplified issue life insurance products. Their main products include the “Premier Final Expense” policy, which offers coverage amounts typically ranging from $5,000 to $25,000, with premiums that can start around $30-50 per month depending on age, health, and coverage amount.
The company operates through independent agents and emphasizes simplified underwriting—meaning you answer basic health questions but typically don’t need a medical exam. They accept applicants ages 45-85 for most of their products, and their underwriting tends to be fairly lenient compared to fully underwritten policies from major carriers.
What American Financial Security Life Insurance Company Offers
American Financial Security focuses on the final expense market, which makes sense given their simplified approach. Their policies are designed to cover burial costs, outstanding debts, and small financial obligations that families face after a loved one passes away.
Their underwriting process typically involves 8-15 health questions covering major conditions like cancer, heart disease, COPD, and diabetes. If you can answer “no” to their health questions, you’ll often qualify for immediate coverage. The application process is usually quick—sometimes same-day approval is possible.
The premiums are level, meaning they won’t increase as you age, and the death benefit is immediate (no waiting period) if you qualify for their standard rates. For those who don’t qualify for immediate coverage, they may offer graded benefits where the full death benefit isn’t available for the first two years.
How Their Rates Compare in the Market
In my experience helping families shop for final expense coverage, American Financial Security’s rates fall somewhere in the middle of the pack. They’re not typically the cheapest option, but they’re also not the most expensive.
For example, a 65-year-old might pay around $45-55 per month for $10,000 in coverage, depending on their health answers. Compare that to some of the more competitive carriers I work with, where that same person might find similar coverage for $35-45 per month.
The trade-off often comes down to underwriting flexibility. American Financial Security may approve someone that other carriers would decline or rate up, which can make their slightly higher premiums worth it for certain situations.
States Where They Operate
American Financial Security Life Insurance Company is licensed in most states, but not all. Their primary markets include Kentucky, Ohio, Indiana, Tennessee, West Virginia, and several other states throughout the Midwest and South. If you’re in a state where they’re not licensed, that obviously eliminates them as an option.
This is actually one advantage of working with an independent agent like me—I can quickly tell you which carriers are available in your state and which ones aren’t worth considering based on your location.
The Underwriting Process Explained
Their simplified issue approach means you’ll typically encounter questions about:
- Cancer history (usually can’t have had cancer within 2-3 years)
- Heart attack or stroke (usually can’t have had one within 2 years)
- COPD requiring oxygen
- Kidney disease requiring dialysis
- Current nursing home residence
- AIDS/HIV
If you can answer “no” to their knockout questions, you’ll likely qualify for immediate coverage. If you have to answer “yes” to certain questions, you might still qualify for graded coverage where the full death benefit isn’t available immediately.
The nice thing about their process is speed—you can often get an answer the same day you apply, and coverage can start quickly once approved.
When American Financial Security Makes Sense
There are definitely situations where American Financial Security Life Insurance Company could be a good fit. If you’ve been declined by other carriers due to health issues, their more lenient underwriting might get you approved. If you value working with a company that’s been around for decades and has solid financial ratings, they check that box.
They’re also reasonable if you want a straightforward final expense policy without a lot of bells and whistles. Their policies do what they’re supposed to do—provide a death benefit to help with final expenses.
The Independent Agent Advantage
Here’s the thing about American Financial Security Life Insurance Company—they’re just one company in a sea of options. As an independent agent, I work with dozens of final expense carriers, and I’ve learned that the “best” company really depends on your specific situation.
Your age, health history, state of residence, and coverage needs all play into which carrier will give you the best deal. Someone with diabetes might get better rates from Carrier A, while someone with heart issues might do better with Carrier B. American Financial Security might be perfect for one person and completely wrong for another.
What I’d Recommend
Before you commit to American Financial Security Life Insurance Company—or any single carrier—let me show you how they compare against other options. I can run your information through multiple carriers and show you the actual rates and coverage options available to you.
Why limit yourself to one option when I can show you five or six companies side by side? You might find that American Financial Security offers exactly what you need, or you might discover that another carrier offers the same coverage for $20 less per month. The only way to know for sure is to compare.
I work with carriers that might approve you when others won’t, carriers that specialize in certain health conditions, and carriers that simply offer better rates for your particular situation. The goal is finding the right fit for your family, not pushing any single company.
- American Financial Security has an A- rating from A.M. Best and has been around since 1936
- Their simplified issue process typically involves 8-15 health questions with no medical exam
- Rates fall in the middle range—not cheapest, but lenient underwriting may approve you when others won’t
- Not available in all states—strongest presence in Midwest and South
- Always compare multiple carriers to ensure you’re getting the best rate for your health situation
Related Reading
- 10 Year Term Life Insurance: The Complete Guide
- Life vs Term Life Insurance: Complete Comparison
- 20 Year Term Life Insurance Cost in 2026
- 30 Year Term Life Insurance: The Complete Guide
Ready to see your options? Let me run the numbers and show you how American Financial Security Life Insurance Company stacks up against other carriers who want your business. There’s no cost for me to shop and compare—that’s just what independent agents do.
