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American Century Life
An Ohio-domiciled fixed annuity insurer with administrative offices in Allen, Texas, tracing its roots to a 1940 Texas burial association and selling through independent agents.
Financial strength
B++
AM Best
A
Demotech
AM Best B++ (Good)
AM Best assigned American Century Life Insurance Company a B++ (Good) Financial Strength Rating and a bbb+ (Good) Long-Term Issuer Credit Rating, with a stable outlook, on August 6, 2024.
Source: AM Best press release, August 6, 2024Roots to 1940
The company traces its history to the Cherokee Burial Association, founded in Jacksonville, Texas, in 1940.
Source: American Century Life Insurance Company websiteOhio domicile
Organized under Ohio law with its statutory home office in Columbus, Ohio, and its main administrative office in Allen, Texas.
Source: Quarterly statement as of September 30, 2025, filed with the Ohio Department of InsuranceRun live numbers on American Century Life products
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MYGAs / Fixed Annuities
Selected product: American Freedom Max Growth
A fixed annuity group for buyers who want a declared guaranteed rate, principal protection, and tax-deferred growth.
Other current products
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Multi-Year Guaranteed Annuity
Fixed-rate contracts grouped separately from indexed annuities so guaranteed terms are compared on their own terms.
- Fixed-rate contracts grouped separately from indexed annuities
- Check each product page for guaranteed term rates and surrender context
Best for: Savers who want a declared fixed rate for a set period and a direct path to each product review.
American Freedom Max Growth
Guaranteed rate
Guaranteed term rate varies by deposit size and state - view product for live rates.
American Spirit
Guaranteed rate
Guaranteed term rate varies by deposit size and state - view product for live rates.
This directory is not a statement of current availability. Confirm current rates, state availability, premium bands, and rider terms in the analyzer or on each product page.
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Find your fit
American Century Life has two multi-year guaranteed annuities listed here. Compare them on the live product pages.
Company overview
What American Century Life is
American Century Life Insurance Company is a life and annuity insurer organized under Ohio law, with its statutory home office in Columbus, Ohio, and its main administrative office in Allen, Texas. Its NAIC company code is 99600.
2025-09-30 · Quarterly statement as of September 30, 2025, filed with the Ohio Department of Insurance
The company says it is licensed in 44 states. In Oklahoma, its products are provided by American Century Life Insurance Company of Texas.
2026-11-14 · American Century Life Insurance Company website
AM Best reported in 2024 that the company sells single premium deferred and single premium immediate annuities, mainly through independent agents, and that most of its premium came from Texas, where it was domiciled before 2023.
2024-08-06 · AM Best press release, August 6, 2024
Scale, labeled
Domicile
Ohio
Statutory home office in Columbus, Ohio; main administrative office in Allen, Texas. NAIC company code 99600.
2025-09-30 · Quarterly statement as of September 30, 2025, filed with the Ohio Department of Insurance
Parent
American Legacy Life
Direct parent American Legacy Life Insurance Company; holding company ACL-TX Management Company.
2025-09-30 · Quarterly statement as of September 30, 2025, filed with the Ohio Department of Insurance
AM Best
B++ (Good)
Financial Strength Rating assigned August 6, 2024, stable outlook.
2024-08-06 · AM Best press release, August 6, 2024
History highlights
Founded in 1940 in Jacksonville, Texas, as the Cherokee Burial Association.
Founded 1940 · American Century Life Insurance Company website
In 1980 the Boren family merged it with similar associations to form Boren Life Insurance Company. It became American Century Life Insurance Company of Texas in 2000 and American Century Life Insurance Company in 2021.
Renamed 2021 · American Century Life Insurance Company website
The company was domiciled in Texas before 2023 and is now domiciled in Ohio.
2024-08-06 · AM Best press release, August 6, 2024
Ownership
The company's regulatory filing shows it as a direct subsidiary of American Legacy Life Insurance Company, which is owned by the holding company ACL-TX Management Company. The ultimate controlling party listed is the ACL Revocable Trust, with Raz Silberman as trustee.
2025-09-30 · Quarterly statement as of September 30, 2025, filed with the Ohio Department of Insurance (Schedule Y)
The same filing reports that the Ohio Department of Insurance approved this structure in January 2025, together with a coinsurance agreement under which American Legacy Life Insurance Company reinsures business from American Century Life.
2025-09-30 · Quarterly statement as of September 30, 2025, filed with the Ohio Department of Insurance
Financial strength
AM Best
B++
Good. Financial Strength Rating with a bbb+ (Good) Long-Term Issuer Credit Rating, stable outlook, as assigned on August 6, 2024.
2024-08-06
Demotech
A
Exceptional. Financial Stability Rating as stated on the company's website (no date given). Demotech uses a different scale from AM Best.
Checked 2026-11-14
About American Century Life
American Century Life Insurance Company began as a Texas burial association in 1940 and has used its current name since 2021. It is domiciled in Ohio and run from offices in Allen, Texas.
2026-11-14 · American Century Life Insurance Company website
The company sells fixed deferred, fixed immediate and Medicaid-compliant annuities.
2026-11-14 · American Century Life Insurance Company website
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Sources
- American Century Life Insurance Company website — 2026-11-14
- American Century Life Insurance Company, About page — 2026-11-14
- American Century Life Insurance Company quarterly statement as of September 30, 2025 (Ohio Department of Insurance) — 2025-09-30
- AM Best, "AM Best Assigns Credit Ratings to American Century Life Insurance Company" — 2024-08-06
- Live product data (American Freedom Max Growth, American Spirit): CANNEX Financial Exchanges via AdvisorWorld — Rendered live
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