Amica Mutual Life Insurance Review

Amica Mutual Life Insurance is a life insurance carrier based in Lincoln, RI. The company was founded in 1907 and offers life insurance products in 49 states (and Washington, DC).

What types of life insurance products does Amica Mutual Life Insurance offer?

Life insurance companies typically offer a wide variety of life insurance options. One of the best ways to save money on life insurance products is to avoid unnecessary coverage. Only purchase life insurance policies and riders you actually need.

Here is a brief description of life insurance options Amica Mutual Life Insurance offers.

• Term Life Insurance - This is the simplest type of life insurance policy. Term life insurance policies are payable if the insured person dies within a specific period of time, such as 5, 10, or 30 years. Amica Mutual Life Insurance offers term lengths ranging from 10 to 30 years.
• Level Term Life Insurance - These are term life insurance policies that have the same fixed premium and payment amount through the duration of the life insurance policy.
• Annual Renewable Term Life Insurance - Annual renewable term life insurance policies provide a constant death benefit for the duration of the term life insurance policy but the premiums are reassessed every year.
• Whole Life Insurance - Whole life insurance policies remain in force for the policyholder's entire life, provided premiums are paid. They have a tax deferred cash value, meaning the cash value will not be taxed until funds are withdrawn.

How can you save money on a Amica Mutual Life Insurance life insurance policy?

When you ask for a life insurance quote with Amica Mutual Life Insurance, ask what discounts are available for various life insurance options.

These include:

• Being a non-smoker

What is the financial strength rating of Amica Mutual Life Insurance?

The financial strength rating of life insurance companies scores its ability to pay contracts and life insurance policies. SuperMoney gives Amica Mutual Life Insurance an A+, which is the highest available rating we give to life insurance companies.

SuperMoney's financial strength rating is primarily based on the average score from insurance rating agencies.