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Amica Life Insurance Review
ConsumersAdvocate.org Rating: 5 / 5 (Excellent)
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How Do We Rate Amica?
Breakdown
Our Overall Rating: 5 / 5 (Excellent)
Financial Strength
Key Details
| Underwriter | Amica Mutual Insurance Company |
| AM Best Financial Rating | A+ |
Company Stability - 5 / 5
Reputation & Customer Experience
Customer Ratings
| Trust Pilot Rating | 4.6 out of 5 |
| BBB Rating | A+ |
| Date Collected | 2022-02-04 |
Reputation - 5 / 5
Also noteworthy is the insurer’s response to both positive and negative online reviews. Trustpilot reports that the company replies to 100% of its negative reviews and typically does so in 24 hours or less. That type of commitment towards resolving customer complaints helps consumers have confidence in the company.
Amica Policies
Term Life Insurance
| Maximum Death Benefit | $1,000,000 |
| Available Terms | 10 year 15 year 20 year 25 year 30 year |
Key Term Policy Features
- Terminal illness rider
- Level Term Premiums
Key Whole Life Policy Features
- Terminal illness rider
Whole Life
| Maximum Age | 80 |
| Maximum Death Benefit | $1,000,000 |
Policies & Coverage - 5 / 5
For whole life insurance, Amica offers coverage between $25,000 and $1 million, with three payment option plans:
Whole Life 20 is available to individuals up to 80 years of age. Premium payments are completed at 20 years after the policy’s issuance and coverage is guaranteed for the remainder of the policyholder’s life.
Whole Life 65 also lasts a lifetime and premium payments are complete when the holder turns 65 years of age. This option is available for individuals who are 50 years old or younger.
Whole Life 100 offers the lowest whole life premiums. The lifetime coverage payments end at 100 years of age. Individuals up to 80 years old can apply.
Flexibility and Available Riders
Available Term Life Riders
- Terminal, Chronic, and Critical illness Accelerated Benefit Riders
Flexibility & Available Riders - 4.6 / 5
Additional Company Information
| Homepage URL | |
| Company Phone | (800) 242-6422 |
| Headquarters Address | 100 Amica Way, Lincoln, RI, 02865 |
| Year Founded | 1907 |
Our Comments Policy | How to Write an Effective Comment
- Offering term life policies from $100,000 to $5 million. Get a quote and apply online today.
- AM Best Rating: A+ (Superior)
- Trusted by customers: rated ‘Excellent’ on Trustpilot (over 2,000 reviews)
- Ability to take advantage of discounts on auto insurance when you secure life insurance with Amica
Although its policies are not as customizable and do not offer as many riders as other insurers, it does offer an automatic rider that provides coverage in the case of terminal illness.
The company’s website does a good job of providing basic information about its products, with a calculator that lets you determine how much life insurance you need, plus articles, videos and definitions for key life insurance concepts.
The company also has robust online services for filing claims and customer support available via chat, email and over the phone.