Amica's Life Insurance: What You Need To Know

Amica offers a range of life insurance options to provide peace of mind and financial protection for your loved ones after you pass away. Their policies are customizable and designed to suit your specific needs, whether you're starting a new family or entering retirement. Amica's life insurance options include Term Life and Whole Life insurance, each with its own advantages in terms of coverage period, cost, and flexibility. The company has a good reputation for customer satisfaction and is rated A+ (Superior) for financial strength by AM Best.

Amica's term life insurance

Amica offers term life insurance, which is a popular and affordable form of life insurance that provides coverage for a specific period. Term life insurance is ideal for people who need coverage for a specified period, such as younger families who need large amounts of protection for several years.

With Amica's term life insurance, you can select the level of coverage and payment option that suits your needs. The premiums are lower and guaranteed to remain the same for the specific term period. Amica offers term policies of 10, 15, 20, 25, or 30 years, and you can choose a guaranteed level premium policy, ensuring that your rates stay level throughout the selected period.

One of the benefits of term life insurance is that it is generally convertible to whole life insurance, which provides lifetime coverage. Amica's term life insurance also offers a conversion option, allowing you to convert your policy to a permanent one, regardless of your health. Additionally, with Amica's term life insurance, you have the option to receive a portion of the benefits if you become terminally ill.

Amica's whole life insurance

Whole life insurance policies also have cash value that accumulates over the life of the policy, which can be borrowed against. Amica's whole life insurance policies offer coverage ranging from $25,000 to $1 million or more. You can opt to pay off your policy in 20 years, or spread your payments out until you reach age 65 or 100.

Amica's life insurance riders

Amica Life Insurance offers a range of riders that can be added to their life insurance policies to provide additional coverage and benefits. Here is a list of the available options:

Terminal Illness Rider

This rider provides a payout to the policyholder if they are diagnosed with a terminal illness. This can help cover medical expenses and other costs associated with the illness.

Waiver of Premium

If the policyholder becomes disabled, this rider waives the premiums, ensuring that the policy remains active even if the insured cannot work and pay the premiums themselves.

Children's Insurance

The Children's Insurance rider provides life insurance coverage for the policyholder's children. This can be a valuable addition for parents or guardians, offering peace of mind and financial protection in the event of a child's death. This rider can also be converted to a permanent policy as the child grows up.

Accidental Death Benefit

This rider provides an additional benefit if the insured's death is due to an accident. This can be especially useful for those who engage in high-risk activities or occupations, offering extra financial security to loved ones in the event of an accidental death.

While Amica offers these riders to enhance their life insurance policies, it is important to note that they do not provide universal or variable life insurance options. Their offerings are limited to term and whole life insurance policies, with the latter requiring purchase through an Amica agent.

Amica's customer complaints and satisfaction

Amica has received a variety of reviews from customers, with some reporting satisfaction and others expressing disappointment. On Trustpilot, Amica Insurance has an overall rating of "Excellent", with many five-star reviews praising the company's customer service, efficiency, and convenience. Several customers have also highlighted the company's responsiveness during challenging situations, such as hurricanes and accidents.

However, there are also negative reviews on Trustpilot, with some customers complaining about issues with billing, claims, and customer support. Some reviewers mention difficulties reaching customer support, delays in addressing concerns, and dissatisfaction with the handling of their insurance claims.

On the Better Business Bureau (BBB) website, Amica Mutual Insurance Company has received several complaints related to service or repair issues, sales and advertising issues, and billing disputes. While Amica has addressed these complaints, the customers often remain dissatisfied with the resolutions offered.

Additionally, on PissedConsumer, Amica Insurance has a low overall rating of 1.7, with numerous reviews citing problems with customer service, claims handling, billing, and communication. Some customers have expressed frustration with the company's lack of responsiveness, misinformation, and delays in resolving issues.

Overall, while Amica has received positive feedback for its customer service and convenience, there are also a significant number of complaints related to various issues, indicating areas where the company could improve to enhance customer satisfaction.

Amica's mobile app

The app offers a convenient way to manage your Amica policy on the go and is highly rated by users, particularly those on Apple devices. However, some Android users have reported glitches with the app, so it is essential to check the compatibility with your device before downloading.

Overall, the Amica mobile app provides a secure and user-friendly way to stay connected with your insurance information, making it a valuable tool for policyholders.

Frequently asked questions