Americo life sells insurance to cover american lives. the holding company sells life insurance and annuities to individuals, families, and groups, mainly through its americo financial life and annuity insurance unit. americo life companies also offer insurance policies that cover funeral expenses and mortgages. policies are distributed through 13,000 independent agents nationwide to about 800,000 policyholders. the firm is a wholly owned subsidiary of financial holding corporation, which the family of chairman michael merriman controls. other financial holding business interests include real estate ventures in the southeast and a 50% stake in argus health systems, a processor of prescription drug claims.