Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Amica life insurance review 2021

Last updated:  

Simple but strong life products backed by the oldest mutual insurance company in the country.

finder.com's rating: 3.5 / 5

★★★★★

  • Get a quote if… You want a simple term or whole life policy from a reputable company.
  • Choose a different provider if… You want a low coverage amount on your term policy.

15 to 75

Issue Age

$5,000 to $1,000,000

Coverage

Yes

Medical Exam Required

Details

Policies Level term, annual renewable term, whole life and simplified whole life
Coverage maximum $1,000,000
Term lengths 10, 15, 20, 25 and 30-year
Medical exam required Yes
Available states Available in all 50 states
Issue age 15 - 75 years old

Pros

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

Cons

  • Few online services
  • Limited rider options
  • Lacks coverage variety
Riders Accelerated death benefit rider
Accidental death benefit rider
Child rider
Cost-of-living rider
Critical illness benefit rider
Waiver-of-premium rider

Expert review

Andrew Flueckiger

Review by


Andrew Flueckiger is a licensed insurance agent and Certified Insurance Counselor with experience in insurance and finance. A graduate of Indiana University, Andrew contributes a wealth of knowledge and experience to Finder. When Andrew isn’t writing, reading or practicing insurance, he can be found spending time with his family and playing the guitar.

Expert review

Amica has a long history of offering strong insurance products nationwide. Its life insurance products are reasonably priced, though with somewhat limited options. Its simplified issue whole life policy is a feature that many competitors lack.

If you want more customizable coverage, compare life insurance companies.

How much does Amica life insurance cost?

According to Amica’s website, a $150,000 10-year term policy for a 30-year-old female will cost $9.84 a month or $118.08 a year. This is based on no tobacco use and a good health classification rate.

How do I get a low rate with Amica?

Young and healthy people can get the lowest life insurance rates. But here are some factors that can help you get a lower rate:

  • Five years tobacco-free
  • No history of alcohol or substance abuse
  • Clean driving record in the past five years
  • Healthy weight and blood pressure
  • Low-risk hobbies and occupation

Speak with an Amica life insurance agent to learn more about its specific health classifications.

How do I sign up for Amica life insurance?

If you want whole life insurance, you’ll need to call an Amica agent. You can apply for term life insurance online:

  1. Select Life from the Get a Quote box and select your state.
  2. If you want to see your recommended coverage amount, fill in the three questions under Calculate it for me section. Or you can select your own coverage term and amount.
  3. Answer basic health questions.
  4. Fill in your contact information and click on Get My Quote.
  5. You may get instant approval, or you might need to wait to be contacted if you chose a high coverage amount or have health issues.
  6. Once you’re approved, designate beneficiaries and set up your payments and medical exam.

What types of life insurance coverage does Amica offer?

Amica offers two main policy types: term and whole life. These are the options:

  • Term life. Available in terms of 10, 15, 20, 25 or 30 years, this policy offers set premiums and coverage ranging from $100,000 to $1 million. It can be converted to a whole life policy before a deadline — with no need for another medical exam.
  • Annual renewable term (ART) term life. This type of term policy is renewed on a year to year basis, and available in coverage amounts between $250,000 and $1 million. While you won’t be required to take a medical exam each year, your premiums will go up if you decide to renew.
  • Whole life. With a minimum death benefit of $25,000, Amica’s whole life insurance policy has set premiums and lifelong coverage. Also, it builds cash value that grows tax-deferred and can be used for major purchases, like college tuition or paying off a mortgage.
  • Simplified whole life. This permanent life insurance policy is essentially a final expense policy. There is no medical exam required, and your premiums will stay the same throughout the life of your policy. Amica offers benefit options between $5,000 and $25,000 for simplified whole life.

What riders can I add to my life insurance policy?

Amica offers some of the most popular riders to help you personalize your policy:

  • Accelerated death benefit rider. This rider allows you to take out up to 75% of your death benefit if you’re diagnosed with a terminal illness and are given less than 12 months left to live.
  • Accidental death benefit rider. This doubles your death benefit if you pass away as a result of an accident before age 65.
  • Child rider. This provides a specific amount of money in case any of your children pass away. This can also be converted into the child’s own life insurance policy at up to 5x the benefit amount when they reach their 20s without the need for a medical exam.
  • Cost-of-living rider. This rider adjusts your death benefit to match inflation.
  • Critical illness benefit rider. Pays out a lump sum benefit if you suffer a critical illness, like a stroke.
  • Waiver-of-premium rider. If you get critically ill, seriously injured or become disabled, this rider will waive premiums while keeping your policy active.

Amica life insurance reviews and complaints

Amica has been accredited with the Better Business Bureau since 1957, and has an A+ rating for its customer interaction. Customers award the insurer 2 out of 5 stars. The BBB has recorded 77 complaints over the last three years, though most of them were promptly resolved by the insurer.

On Trustpilot, Amica has 3 out of 5 stars — but there are only a handful of reviews on the site.

Compare other life insurance companies

If you’re looking for more options to compare, take a look at these other providers.

Name Product Issue age Minimum Coverage Maximum Coverage Term Lengths Medical Exam Required
Sproutt
18 - 100 years old
$50,000
$10,000,000
5, 10, 15, 20, 25 and 30 years
No
This life insurance broker combines technology and the human touch to match you with a policy tailored to your needs.
Ladder
20 - 60 years old
$100,000
$8,000,000
10, 15, 20, 25 or 30 years
Depends on policy
Term life insurance with no policy fees and a simple application process that can get you approved for coverage instantly.
Fabric
21 - 60 years old
$100,000
$5,000,000
10, 15, or 20 years
Depends on policy
Get affordable term life insurance with accelerated underwriting or no-exam coverage up to $1,000,000. Available in all states except CA, NY and MT.
Policygenius
18 - 85 years old
$50,000
$10,000,000
10, 15, 20, 25, 30 years
Depends on provider and policy
Compare affordable quotes from 12+ A-rated life insurance companies side-by-side.
Bestow
21 - 54 years old
$50,000
$1,000,000
10 or 20 years
No
Affordable 10- and 20-year term life insurance policies with instant quotes and no medical exams.
loading

Compare up to 4 providers

Frequently asked questions

Life insurance ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.
Go to site