Amica Life Insurance Review

It costs $9.84 per month or $118.08 per year to cover $150,000 over 10 years with Amica Life Insurance if you’re a 30-year-old woman. This assumes that you don’t smoke and are otherwise in great health.

What affects my rate with Amica

Amica Life Insurance Review - Amica Logo

Young and healthy people pay the lowest premiums for life insurance. For additional information about Amica’s health categories, get in touch with a representative right now. The following factors will generally result in a reduction in your interest rate:

  • It’s been five years since I last smoked.
  • Has never abused alcohol or drugs before.
  • A perfect driving record over the previous five years
  • An acceptable body mass index (BMI) and blood pressure
  • Passtimes and occupations with little risk

Pros and Cons of Amica Life Insurance

Pros

  • Life insurance that’s easier to understand
  • Obtain a cost-free estimate right now by completing
  • Profits that may be realized
  • A substantial amount of money

Cons

  • There are just a few internet solutions.
  • The number of available riders is somewhat limited.
  • There is insufficient variation in the coverage

How to get a quote from Amica life insurance

If you want complete life insurance coverage, you’ll have to speak with an Amica agent. Online applications for term life insurance are available.

  1. In the Get a Quote box, click Life, and then from the drop-down choice that appears, select your state.
  2. To find out how much coverage you need, answer the three questions in the Calculate it section. Alternatively, you may choose your own time frame and dollar limit for the coverage you receive from the insurer..
  3. Answer basic health-related questions.
  4. Once you’ve entered your contact details, click on the Get My Quote button.
  5. If you have a lot of coverage or health difficulties, you may have to wait before gaining speedy approval.
  6. Choosing beneficiaries, making financial arrangements, and scheduling a medical examination are all steps in the application process.

What types of life insurance coverage does Amica offer?

Amica offers two types of life insurance policies: term and full life. There are three options to consider:

  • Term life. For 10, 15, 20, 25, or 30 years, this insurance offers set rates and coverage from $100,000 to $1 million, depending on the term chosen. In order to switch to a whole life insurance before the deadline, no additional medical examination is required.
  • Annual renewable term (ART) term life. There is yearly term insurance available with coverage amounts ranging from $250,000 to $1 million. Even if you don’t need a medical exam to renew, your premiums will go up.
  • Whole life. There are set premiums and lifelong coverage with a minimum death benefit of $25,000 with Amica’s entire life insurance policy. There is tax-deferred cash worth that may be used for big expenses like college tuition or the repayment of a mortgage, among other things.
  • Simplified whole life. This is a final-expenditure insurance with long-term care benefits, as the name indicates. You will not be subjected to any health screenings, and the rates you pay will not change over the term of your insurance. There is no need for a medical exam. Amica offers a simplified whole life for $5,000 to $25,000 in benefit alternatives.

What riders can I add to my policy?

Amica offers a wide range of add-ons so you may customize your coverage to meet your individual requirements.

  • Accelerated death benefits riders. With this rider, you can get up to 75% of your death benefit if you are diagnosed with a terminal diagnosis and given less than 12 months to live.
  • An extra layer of protection in case of unavoidable demise. Your death benefit is increased if you die before the age of 65 as a result of an accident.
    who is yet a child at heart This safeguards your financial security in the case of the death of one of your kids. To convert this into a life insurance policy with a payment value up to five times more than the original, the child just has to be 20 years old and no medical examination is required.
  • Adjustment for the rising cost of living. Your death benefit will be increased for inflation if you purchase this add-on.
  • Critical illness is beneficial to riders. This insurance will pay you a lump sum if you suffer a serious illness, such as a stroke.
  • Waiver-of-premium rider. If you become terminally ill, seriously injured, or otherwise disabled, this rider will waive your premiums while maintaining your coverage.

Amica life insurance reviews and complaints

Amica has an A+ customer service rating and has been accredited by the Better Business Bureau since 1957. Customers give the insurance only two stars out of five, indicating a terrible reputation. The Better Business Bureau (BBB) has received 77 complaints in the last three years, with the majority being quickly resolved by the insurance provider. AM Best gives the business an A+ grade.

Amica has a Trustpilot rating of 3/5, however the number of consumers who have posted evaluations is small.

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