Skip to main content

Whole Life Insurance

What is whole life insurance?

Whole life insurance is permanent protection that lasts your entire life, at a guaranteed premium rate that will never increase, regardless of your age or health status. One benefit of whole life insurance is that it accumulates cash value that can be borrowed against during your lifetime.

Additional benefits of whole life insurance with Amica:

  • Choose your coverage amount – From $25,000 to $1 million or more
  • Customize your coverage – Choose from three plan options to fit your needs
  • Guaranteed level premium – Lock in a guaranteed premium amount that won’t increase, regardless of age, income or health status
  • Guaranteed level protection – Life insurance coverage is guaranteed for your lifetime, as long as you pay your premiums
  • Cash value – Accumulates cash value over time that can be borrowed against
  • Terminal illness rider1 – Included free of charge with all Amica life insurance policies, it allows you, the insured, to receive a portion of the death benefit if you become terminally ill

Is whole life right for you?

Whole life may be a good fit if you like predictability, stability and want a payment that never changes. It’s also ideal if you’re looking for permanent coverage, while building cash value over time.

Which types of whole life plans are available?2

We offer a variety of plans, with coverage from $25,000 to $1 million or more, and several payment options, so you can find a whole life policy that fits your needs and budget. Learn more about each product:

Whole Life 20

Premium payments are complete after only 20 years, and your policy is guaranteed for the rest of your life. This plan is available to individuals up to age 80 at time of issue.

This may be ideal for those who:

  • Want to complete their payments before they retire
  • Are looking for a way to leave a legacy to charity
  • Want to purchase a policy insuring their children or grandchildren

Whole Life 65

Premium payments are complete at age 65, when many people are retired or nearing retirement, and your coverage lasts a lifetime. This plan is available to individuals up to age 50 at time of issue.

This may be ideal for those who:

  • Want a policy that’s fully paid by retirement, when their income may be reduced
  • Are interested in accumulating a guaranteed cash value
  • Are looking for cost certainty during their retirement years

Whole Life 100

Premium payments are complete at age 100. This is an option that provides lifetime coverage at our lowest annual Whole Life premiums. This plan is available to individuals up to age 80 at time of issue.

This may be ideal for those who:

  • Want permanent coverage at an even more affordable annual premium cost
  • Want a dependable plan to help pay for funeral costs and other financial obligations

How much whole life insurance do I need?

That question depends on your current financial situation and lifestyle, and it’s one our life insurance specialists are happy to help you answer. The right amount of life insurance depends on many factors, including income, debts or future funding needs like a child’s education or retirement plans. Our life insurance specialists will take the time to understand your needs and help you customize the level of coverage that’s right for you and your family.

Why choose Amica?

At Amica, we think choosing the right coverage shouldn’t be complicated. When you contact us, you’ll always speak directly with a specialist who will answer your questions and explain your options in clear, simple language.

We’re proud of our ability to deliver consistent, high-quality customer service for more than a century. We offer competitive life insurance rates, and a variety of product plans that can be customized to fit your needs.

Our financial strength is also something you can depend on. Amica Life has one of the industry’s highest ratings. For 19 years in a row (2003-2022), we’ve earned a rating of A+ (Superior) from AM Best3, a leading authority on insurance company financial stability. 

Amica Life policy form numbers

Get started by giving us a call today

Want to learn more about life insurance?

Financial Strength Rating, AM Best, A+ Superior

A.M. Best has awarded Amica Life its second highest rating, A+ (Superior).3

1This rider allows you to receive a portion of your death benefit should the insured 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 insurance specialist for additional information.
2Standard form number WL2019-01 in most states.
3 AM Best Company, Feb. 2, 2022.
ALIC87822 (exp: 1/27)