Level Term Life Insurance
Amica Life's level term, our most popular and most affordable form of life insurance, provides coverage for a specific period of time or term. Our many policy benefits and features allow you to customize a life insurance plan that will best fit your unique life insurance needs. You select the level of coverage and payment option that's right for you.
Term insurance is good for people who need coverage for specified periods of time, for example, younger families who need large amounts of protection for several years. Premiums are lower and guaranteed to remain the same for a specific term period. Benefits are paid only if death occurs during the period covered. If you stop paying premiums, in most cases the insurance stops. Term policies generally have no cash value.
Guaranteed Level Premium – Select a 10-, 15-, 20-, 25-, or 30-year level-premium policy with rates that are guaranteed to remain level throughout the selected period.
Guaranteed Level Protection – As long as premiums are paid in accordance with the policy's provisions, your level of protection is guaranteed to age 95. Your coverage amount will not decrease as you get older.
Optional Cost of Living Adjustment Rider1 – Allows you to offset inflation by increasing the face amount each year at the same premium rate you are paying today.
Conversion Option – You may convert this policy to any permanent policy available at the time of conversion, regardless of your health.
Terminal Illness Rider2 – Allows you to receive a portion of the benefits if you become terminally ill.
Optional Benefits and Riders – Customize your protection to meet your individual goals. Our optional benefits and riders include: waiver of premium, children's insurance and accidental death.
Pricing – We offer discounts for larger policies and there are no policy fees. In addition, we may reward you for your excellent health and lifestyle choices with our Premier Select Rates.
Streamlined Process – If you qualify for our better rate classes you may not need to complete any medical testing.3
Click here to access policy form numbers.
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“A.M. Best has awarded Amica Life its second highest rating, A+ (Superior).”
1Some restrictions apply. Please consult with an Amica Life Sales Representative for additional information.
2This rider allows you to receive a portion of your death benefit should you become terminally ill with a life expectancy of 12 months or less. Some restrictions apply and is not available in all states. Please consult with an Amica Life Sales Representative for additional information.
3No medical exam will be required if you meet specific underwriting criteria based on the amount applied for, the responses provided in the simplified application process and the results of our underwriting review. However, we reserve the right to require a medical exam, possibly with blood and/or urine testing at our expense, if we deem it necessary to have such additional information as part of our full underwriting process.
Not all plans are available in all durations and at all ages. Some features may not be available in all states.2 Standard form numbers ICC15 FGCLT01-01 in most states.