Amica Press Releases

12.17.09

New Term Life Products Fit Today's Families' Needs

Amica Life Expands Offerings to Include 25- and 40-Year Term Life Insurance

LINCOLN, R.I. – For years, term life insurance options included 10-, 15-, 20- and 30-year periods. However, in today's world – where people are living longer, getting married and having children later in life, and putting off retirement – there's a need for term life products with a little more flexibility.

"A 40-year term life option can offer great cost savings for a young couple just starting out," said Ed Naya, Life officer at Amica Life, who also noted that Amica Life is one of very few insurance companies to offer a 40-year term product. "Typically, Americans tend to put off buying life insurance, but if they have a healthy lifestyle and a good health history, they could qualify for our top rate class and save even more with years of lower premiums."

This flexibility is essential for today's families who don't fit into the mold of 20 or 30 years ago. For example, more options are important to parents looking ahead to their children's college years when students may decide to extend or put off college education. Flexibility is also important to homeowners who want term life protection to span the life of a home mortgage. With the increase in 40-year mortgages, it makes sense to have a term life insurance product in sync with your financial needs.

Amica Life's 40-year term policy may not be available in all states or at all ages, and may be subject to restrictions in some states. To learn more about these new term life options, call 800-619-6077.

About Amica Life:

Amica Life is a wholly owned subsidiary of Amica Mutual Insurance Company and offers a complete line of life insurance products. Amica Mutual, founded in 1907, is the nation's oldest mutual insurer of automobiles. Based in Lincoln, Rhode Island, Amica Mutual is national writer of automobile, homeowners, marine and personal umbrella liability insurance.