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
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“A.M. Best has awarded Amica Life its second highest rating, A+ (Superior).”