Pros
- Cost of living provision on eligible term life policies can help your coverage adjust for inflation
- Specialty products (long-term care, disability income, and second-to-die whole life insurance) are also available.
- Eligible for a bundling discount if you combine your life insurance with an auto policy.
Cons
- Does not offer guaranteed acceptance life insurance policies
- Availability of life insurance products, features, and riders may differ based on your state.
- Not rated by J.D. Power
About Amica
Many individuals discover that their needs align with either term life insurance or whole life insurance. Selecting the right type of life insurance doesn’t need to be overwhelming. Our representatives are available to help you understand the differences between these two coverage options and explain the benefits of each.
Coverage
Term Life Insurance
Amica Life’s level term is their most popular and affordable life insurance option, offering coverage for a specific period or term. With a variety of policy benefits and features, you can tailor a life insurance plan to suit your individual needs. You choose the coverage amount and payment plan that best fits your situation.
With competitive term life insurance rates and discounts for coverage amounts of $250,000 or more, Amica makes it simple to secure excellent financial protection within your budget.
- Guaranteed Level Premium: Choose a policy with a 10-, 15-, 20-, 25-, or 30-year level premium, ensuring that your rates remain fixed throughout the selected term.
- Guaranteed Level Protection: Provided premiums are paid according to the policy terms, your coverage level is guaranteed for the entire policy duration, with the protection amount remaining the same as you age.
Whole Life Insurance
Whole life insurance provides lifelong coverage with a guaranteed premium rate that will never increase, no matter your age or health. One of its key benefits is the accumulation of cash value, which you can borrow against during your lifetime. Whole life insurance is an excellent choice for those who prefer predictability and stability, with a fixed payment that remains the same. It’s also ideal for individuals seeking permanent coverage.
Amica offers three different whole life insurance plans, with coverage ranging from $25,000 to $1 million or more, and a variety of payment options to suit your budget and needs. Explore the details of each plan to find the one that’s right for you:
- Whole Life 20
With this plan, premium payments are finished after just 20 years, and your coverage is guaranteed for life. Available to individuals up to age 80 at the time of application, this option is perfect for those who:
- Prefer to complete premium payments in 20 years
- Want to accelerate the growth of their cash value
2. Whole Life 65
With this plan, premium payments are completed by age 65, which is ideal for those approaching or already in retirement, and your coverage lasts for life. Available to individuals up to age 50 at the time of application, this option is perfect for those who:
- Prefer a policy that’s fully paid off by retirement when income may be lower
- Want to use accumulated cash value to help cover retirement expenses
- Seek cost certainty during their retirement years
3. Whole Life 100
With this plan, premium payments are completed by age 100, offering lifetime coverage at some of the most affordable annual premiums for whole life insurance. Available to individuals up to age 80 at the time of application, this option is ideal for those who:
- Want permanent coverage at a lower annual premium cost
- Need a reliable plan to help cover funeral expenses and other financial obligations
Pricing
Life insurance companies evaluate several factors to determine your rates. You’ll likely be asked about your current medical condition, any medications you’re taking, past illnesses, and your family’s medical history. The Centers for Disease Control and Prevention notes that women typically have a longer life expectancy than men, which often leads to lower premiums for women.
Your daily activities can also influence your life insurance premiums. For instance, if you smoke or participate in high-risk activities such as skydiving or scuba diving, you might face higher rates due to the increased risk associated with these behaviors.
Here are sample monthly premiums for a $250,000, 20-year term life insurance policy at Preferred Platinum rates. These rates are guaranteed to remain level for the entire 20-year term. The premiums are based on electronic funds transfer (EFT) payment options:
| Age | Female | Male |
| 25 | $11.46 | $12.95 |
| 30 | $11.89 | $13.37 |
| 35 | $12.31 | $14.01 |
| 40 | $16.13 | $19.10 |
| 50 | $31.63 | $40.54 |
Customer Experience & Support
Customer service live chat is available to assist you on weekdays 6 AM to 12MN ET and weekdays 7 AM to 12MN ET. Claims Live Chat is open weekdays 8 AM to 12MN and Saturdays from 10AM to 5:30 PM ET.
Sometimes, the easiest way to resolve issues or get your questions answered is over the phone. Their award-winning representatives are available and ready to assist you with any concerns you may have.
Life – Customer service hotline is open weekdays: 8 AM – 7PM ET: 800-234-5433
Conclusion
If you’re looking for top life insurance options, Amica could be a strong choice. The company provides both term life and whole life insurance policies. Whether you’re starting a family, getting married, or planning for retirement, an Amica policy can help ensure financial security for your loved ones in the future. You can easily obtain a life insurance quote online and submit a same-day application without needing to speak with an agent.
