Amica Life Insurance Review: Term vs. Whole Life Policies

Amica Life Insurance legitimacy and licensing

Yes. Policies are issued by Amica Life Insurance Company, a wholly owned subsidiary of Amica Mutual Insurance Company in Lincoln, Rhode Island. Amica Mutual dates to 1907, is owned by its policyholders and has been BBB accredited since 1957. In March 2026 AM Best affirmed Amica Life’s A+ (Superior) financial strength rating, its second highest of 13 levels, and moved the outlook to stable from negative after Amica returned to an operating profit.

Amica is best known for car and home insurance, so most public reviews are about those products. Trustpilot shows 4.5 out of 5 from 7,365 reviews of Amica overall, but we did not find reviews that describe life insurance claims specifically.

Amica term vs. whole life

Level term comes in 10, 15, 20, 25 and 30 year lengths with a premium that stays the same for the term. It pays the full death benefit if you die during the term, includes an accelerated benefit for terminal illness, and for a limited time can be converted to whole life without a medical exam. When the level period ends the policy does not stop; you can keep it to age 100, but the premium goes up.

Whole life lasts for life, with level premiums and guaranteed cash value you can borrow against. Amica offers three payment schedules: Whole Life 20 (pay for 20 years, ages up to 80), Whole Life 65 (pay until 65, ages up to 50) and Whole Life 100 (pay to 100, ages up to 80). Coverage runs from $25,000 to over $20 million. Unpaid loans and interest reduce the death benefit, and a policy can lapse if loans exceed the cash value.

How much Amica life insurance costs

Amica does not publish sample premiums. It says your rate depends mainly on age, health, family history, sex, tobacco use and habits such as risky hobbies, along with the coverage amount and whether you pick term or whole life. Term usually costs far less than whole life for the same death benefit. To compare fairly, get quotes for the same amount and term from at least three insurers on the same day, and ask each whether the price assumes no exam.

Applying, the medical exam and how long it takes

You can start a quote online in most states or call a representative. Amica uses a simplified application, and it says no medical exam is required if you meet its criteria based on your age, the amount you apply for, your answers and its underwriting review; it may still ask for an exam. Amica does not publish a typical approval time. Answer health questions fully, since misstatements can lead to a denied claim within the policy’s contestability period.

Cancelling and claims

Amica says you can cancel a term policy at any time. Whole life policies have a grace period for missed payments and nonforfeiture options that use cash value, and a lapsed policy may be reinstated within a time limit. Every state also gives you a free look period after delivery, usually 10 days or longer, when you can cancel for a full refund; check the number of days on your policy. Beneficiaries file death claims with Amica Life, and the death benefit is generally not taxed as income.

The rules that protect you

Life insurers are licensed and regulated by each state’s insurance department, which reviews policy forms and handles complaints. If a claim is delayed or denied, ask Amica for the reason in writing, then contact your state insurance department. Each state also has a guaranty association that protects policyholders up to set limits if an insurer fails, and the NAIC’s Consumer Insurance Search lets you look up an insurer’s complaint record.

Who should look elsewhere

If you want to see prices before talking to anyone, an insurer that publishes sample rates, such as Fabric by Gerber Life, is easier to compare. If you need coverage for longer than 30 years, Banner Life sells terms up to 40 years. If you are older or have health problems, a guaranteed issue policy from another insurer may be the only option, though it costs more for less coverage.