Amica Mutual Life Insurance Review

Amica Mutual Life Insurance is an insurance carrier based in Lincoln, RI. The company was founded in 1907 and offers life insurance in 49 states (and Washington, DC). Life insurance is important for anyone who has loved who depend on them financially. It can also help with final expenses and burial costs.

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

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

Here is a brief description of the coverage Amica Mutual Life Insurance offers.

• Term Life Insurance - This is the simplest type of life insurance. It is 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 Insurance - These are term policies that have the same fixed premium and payment amount throughout the life of the policy.
• Annual Renewable Term Insurance - Annual renewable term policies provide a constant death benefit for the duration of the policy but the premium's are reassessed every year.
• Whole Life Insurance - Whole life insurance policies remain in force for the entire life of the policyholder provided premiums are paid.

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

When you ask for a quote with Amica Mutual Life Insurance, ask what policy discounts are available.

These include:

• Being a non-smoker

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

Each agency has its own standards and rating scale and a company's rating can change any day. It's a good idea to check the financial rating of an insurance company before you purchase a policy.

There are five main rating agencies. SuperMoney's financial strength rating is based, among other factors, on the average score from available ratings.

Amica Mutual Life Insurance scores an A+, SuperMoney's highest available rating.