Estate planning at Amica

Amica offers three whole life plans: Whole Life 20 (premiums paid over 20 years, available up to age 80, builds cash value quickly), Whole Life 65 (premiums paid until age 65, available up to age 50, finishes payments before retirement), and Whole Life 100 (premiums paid until age 100, available up to age 80, lowest annual premiums). All three plans offer coverage from $25,000 to over $20 million, locked-in premiums that will not increase, tax-deferred cash value growth, policy loans, a Terminal Illness Rider, and nonforfeiture options.

Yes. Amica term life insurance policies include a conversion option that allows you to convert to whole life coverage without additional medical underwriting. This can be useful if your health has changed since you originally purchased the term policy. Contact Amica Life at 800-234-5433 to discuss conversion options, timing, and any applicable premium changes.

The Amica Multi-Year Guaranteed Annuity (MYGA) requires a minimum contribution of $10,000, with subsequent purchase payments permitted only during the first 60 days of the contract and a maximum of $1 million in total purchase payments. The Flexible Premium Deferred Annuity (FPDA) and Single Premium Immediate Annuity (SPIA) each require a minimum contribution of $5,000. Amica Life IRA and deferred annuity products have no front-end sales charges, service fees, or annual administrative costs. Contact Amica Life at 800-234-5433 or 800-619-6077 (Life Sales) for current rates and details.

Amica does not currently offer online beneficiary changes for life insurance or annuity policies. Beneficiary changes must be initiated by calling Amica Life customer service at 800-234-5433 (weekdays, 8:00am-7:00pm ET). A representative can process the change by phone or mail the required beneficiary change form. The completed form is submitted by mail to Amica Life Insurance Company, PO Box 9700, Providence, RI 02940-9700.

Amica Life Insurance Company offers three annuity products. The Multi-Year Guaranteed Annuity (MYGA) requires a minimum $10,000 lump-sum contribution with a fixed interest rate guaranteed for 3, 5, or 7-year terms; additional contributions are permitted only during the first 60 days, with a $1 million maximum. The Flexible Premium Deferred Annuity (FPDA) accepts an initial contribution of $5,000 minimum with ongoing additions on a flexible schedule. The Single Premium Immediate Annuity (SPIA) requires a minimum $5,000 lump sum with income payments beginning within 30 days to one year. None of these products have front-end sales charges, service fees, or annual administrative costs. Contact Amica Life at 800-234-5433 or 800-619-6077 (Life Sales) for current rates.