Term Life Insurance

ADIUM Insurance Services Inc.

The AMA’s Term Life Insurance plan helps protect the financial security of your loved ones, if you should pass away suddenly or unexpectedly.

Life Insurance can help your beneficiaries pay for:

  • Funeral and other final expenses
  • A mortgage or other debts
  • Income replacement for surviving dependents
  • Maintain the lifestyle you and your loved ones currently live
  • Your children’s education
  • Business debt

It's especially important if:

  • Your loved ones would have a difficult time managing financially without you.
  • You are a single income producer who provides sole support, or a majority of the support, for your family.

Why buy through AMA?

Competitive group rates

By purchasing insurance through ADIUM you get competitive rates.

Preferred underwriting

If you and your spouse are healthier, low-risk individuals who apply for at least $250,000 of coverage, you are automatically considered for preferred or elite rates.

AMA Premium Credit™

For the 15th year in a row, we’ve returned excess premiums to AMA members.* This means significant savings for you.
Term Life Insurance – 25% off our published rates in 2019

How much coverage can you apply for?

You and your spouse: $50,000 to $5 million, in units of $50,000.

Extra advantages

Conversion privilege

Switch to an individual policy before age 70 - You may change your AMA Term Life Insurance to an individual policy through Sun Life Financial. Talk to an ADIUM advisor to understand your options.

Living benefit

The living benefit permits an insured, with a terminal illness that is expected to lead to death within one year, to access up to $200,000 of his/her death benefit to use at his/her discretion.

Optional riders you can purchase

Future Insurance Option

You or your spouse can add this to your coverage until age 55 with proof of good health.

This rider allows you to add coverage even if you become uninsurable for medical reasons. Ensure to exercise your options within 60 days of:

  • Marriage or eligible common-law relationship.
  • Birth or legal adoption of a child.
  • The day you turn age 25, 30, 35, 40, 45, 50 or 55.

At each date you may apply for $50,000 of coverage, depending on the overall plan maximum. You must be actively at work when you apply unless you are on parental leave or approved leave of absence. This rider requires medical underwriting.

Waiver of premium

You may add this to your or your spouse’s coverage. Keep your life insurance without having to pay premiums if you become totally disabled for three consectuive before months 65. It continues for as long as your total disability lasts until you turn 75. This rider requires medical underwriting.

How do I determine my insurance needs?

Find out how much you need and what it will cost. Get an instant online estimate of your rates.

Learn more about AMA's Term Life Insurance

AMA Group Insurance Plans 2019 provides descriptions and highlights (coverage and exclusions) of AMA group insurance plans.

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Need to change your beneficiary?

Beneficiary Designation form

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* Past returns may not reflect future performance.

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