Amica Life Insurance Review

If you’re a 30-year-old woman looking for term life insurance, it’ll cost you $9.84 a month or $118.08 a year to cover $150,000 over 10 years with Amica Life Insurance. This is predicated on not smoking and being in excellent health.

What affects my rate with Amica

Amica Life Insurance Review - Amica Logo

Life insurance prices are lowest for persons who are young and healthy. If you’re interested in learning more about Amica’s health categories, contact an agent today. In general, the following variables will decrease your interest rate:

  • I’ve been tobacco-free for five years.
  • Has no prior history of alcoholism or drug usage
  • A five-year clean driving record
  • Weight and blood pressure levels that are within normal limits
  • Low-risk pastimes and careers

Pros and Cons of Amica Life Insurance

Pros

  • Simplified whole life policy
  • Free online quote
  • Possible dividends
  • Financial strength

Cons

  • Few online services
  • Limited rider options
  • Lacks coverage variety

How to get a quote from Amica life insurance

You’ll need to contact an Amica representative if you want entire life insurance. Term life insurance applications can be submitted online.

  1. Choose Life in the Get a Quote box and then pick your state from the drop-down menu that appears.
  2. Fill out the three questions in the Calculate it for me section to see your suggested level of coverage. Alternatively, you may pick your own coverage period and limit.
  3. Respond to fundamental health-related inquiries.
  4. Click on Get My Quote once you’ve filled out your contact information.
  5. A large coverage amount or health issues may need you to wait to be contacted before getting fast acceptance.
  6. Once you’ve been accepted, you’ll need to choose beneficiaries, make payment arrangements, and schedule a medical examination.

What types of life insurance coverage does Amica offer?

Term and whole life insurance are the two basic policy options offered by Amica. The choices are as follows:

  • Term life. Offering fixed premiums and coverage from $100,000 to $1 million, this insurance can be purchased for 10, 15, 20, 25, or 30 years. There is no need for a new medical test if you want to change it to a whole life policy before the deadline.
  • Annual renewable term (ART) term life. These annual term policies cover sums ranging from $250,000 to $1 million and are renewable each year. Your premiums will increase if you elect to renew even if no medical exam is necessary.
  • Whole life. Amica’s whole life insurance policy provides predetermined premiums and lifelong coverage with a death payout of a minimum of $25,000. In addition, it accumulates tax-deferred cash value that may be utilized for large expenditures like college tuition or the repayment of a mortgage, amongst other possibilities.
  • Simplified whole life. As the name implies, this is a last expenditure policy with long-term care benefits. Your health will not be tested and your premiums will remain the same for the duration of your policy. No medical exam is required. A simplified whole life is available from Amica for a range of benefit options ranging from $5,000 to $25,000.

What riders can I add to my policy?

Amica provides a variety of optional riders to help you tailor your coverage to your specific needs.

  • Accelerated death benefits riders. If you’re diagnosed with a terminal disease and given fewer than 12 months to live, you may take out up to 75% of your death benefit with this rider.
  • An additional insurance policy in case of accidental death. If you die in an accident before age 65, your death benefit is doubled.
  • Rider who is still a child. This protects you financially in the event that one of your children passes away. There is no requirement for a medical checkup when the kid reaches the age of 20 to convert this into their own life insurance policy with a payout value up to 5 times more than the original.
  • Cost of living adjustment. With this add-on, your death benefit will be adjusted to account for inflation.
  • Riders gain from critical sickness. If you get a severe illness, such as a stroke, this policy will pay you a lump payment.
  • Waiver-of-premium rider. This rider waives premiums while keeping your coverage active if you become severely sick, badly wounded, or incapacitated.

Amica life insurance reviews and complaints

Better Business Bureau accreditation dates back to 1957, and Amica has an A+ rating for customer service. According to customers, the insurance has a poor reputation, earning only two stars out of five. Over the previous three years, the BBB has received 77 complaints, the majority of which were swiftly handled by the insurance company. The firm has an A+ rating from AM Best.

Amica has a score of 3/5 on Trustpilot, however there aren’t many customers who have left reviews.

Compare life insurance companies

Take a look at these other service providers if you want to compare other possibilities.

For another insurance review, visit our review of Ameritas Life Insurance Review.

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Levi Jorgensen
Levi Jorgensen is a life-long explorer. When he's not writing about life insurance, he works as an appraiser of antiques. He's based in Columbus, Ohio with his wife and 2 children.
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