Chelsey Tucker graduated with a Bachelor of History degree from Metropolitan State University in 2019. She now writes about insurance with her specialty being life insurance and has been quoted on Help Smart Phone and MEL Magazine.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com.

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Mar 19, 2020

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A comparison of Amalgamated Life and American Fidelity Assurance serves as a useful tool for understanding these two noteworthy companies their philosophies, plans, strengths and weaknesses.

Even if you decide to buy life insurance from a company other than Amalgamated Life or American Fidelity Assurance, you will be able to make a more informed decision once you understand just what’s at stake and what certain details might mean.

To look at policy rates and benefits simply go to the FREE quote finder and enter your ZIP code now!

This comparison will help you determine which life insurance company is best for you based on their history and business model, policy options, customer service and satisfaction.

You will then be ready to make an informed decision between Amalgamated Life and American Fidelity Assurance, or if you wish, you will be able to jump-start your study of other life insurance providers. Our free comparison tool may help, but ultimately you will have to make the final decision yourself.

The History of Amalgamated Life

The Amalgamated Life Insurance Company got its start in 1943 when the unionized labor and workers’ rights movements were just starting to make headway in the halls of Congress. The company is inspired by that time period, Amalgamated Life vs American Fidelityand it continues to keep its central focus on working-class men and women.

Begun by Sidney Tillman of the Amalgamated Clothing Workers of America union, it was envisioned as a way to promote solidarity among workers and pool money to care for workers’ families if one passed away.

Today, Amalgamated Life continues to have a strong focus on the needs of workers, with various retirement and pension products as well as providing for workers’ compensation, accidental death/dismemberment and disability insurance, among other things. However, it has also moved strongly into the 21st century, and it offers all the basic and supplemental life insurance policies that one would expect to find in a world-class insurance provider.

The company’s board still contains many union leaders, community organizers and working-class activists, and its ties to unions across the country support its roots. It has a national reach, with millions of customers and thousands of employees.

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The History of American Fidelity Assurance

Meanwhile, the American Fidelity Assurance Company is a family-owned and operated, international life insurance corporation headquartered in Oklahoma City, OK. As a subsidiary of the American Fidelity Corporation, founded by the Cameron family in 1960, this life insurance company is part of a major company that offers all manner of health coverage and financial products.

The company was designed to offer its insurance and financial services to assist government workers such as educators and municipal employees in better planning and preparing for their future. It has since branched out to offer help to auto dealerships, health care providers and other such groups of workers dealing with the public sector.

While American Fidelity is private and family-owned, it nevertheless enjoys the support of over 1,000,000 customers and over 1,000 employees in 49 states and 23 countries around the world.

Amalgamated Life Products

Amalgamated Life offers a variety of life and health insurance products. These include standard term life policies and death/dismemberment/disability insurance to protect employees. It also offers and medical stop-loss to protect business owners.

Amalgamated Life Versus Fidelity Insurance

The standard life insurance options for Amalgamated are individual and group term life, dependent life, retiree life and supplemental life. Term life, whether for groups or individuals, is a simple policy designed to provide security for families for a predetermined time period. To read an opinion on term life and whole life options you can read an article on Smart Money here.

Dependent life offers security to the holder if one of his or her dependents passes away. Retiree life offers extra life insurance coverage like hospice care. Supplemental life can be used to pay off the decedent’s debts or pay for other things not covered by standard term life.

The death/dismemberment/disability coverage is a form of health insurance that pays all medical bills associated with accidental death or severe debilitation. For an in-depth discussion of the company’s disability option you can go to this article by the company’s executive vice president of sales and marketing.

Unlike the coverage options above, medical stop-loss is intended to protect the employers that paying for group term life, financially. If the group goes over the limit in any particular year, the stop-loss insurance will cover the difference.

Other Amalgamated Life insurance products include:

  • Workers Life Level and Plus
  • Critical Illness Protection
  • Employee Life Option

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American Fidelity Assurance Products

American Fidelity gives you the option of rolling a wide range of health insurance products into your life insurance policy.

In addition to providing a standard term life insurance policy, American Fidelity offers disability insurance, cancer insurance, accident insurance and hospital indemnity insurance.

Other specialty items offered by American Fidelity include:

  • Flexible Health Spending Accounts (HSAs)
  • Dependent Daycare Accounts
  • Health Reimbursement Arrangements
  • Section 125 Cafeteria Plans

Finally, American Fidelity is a financial services provider as well. Life insurance-related financial products offered by American Fidelity include 403(b) tax-deferred, after-tax and retirement annuities and Roth IRAs.

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Comparison of Service, Satisfaction, Reviews

Both of these life insurance providers have high marks from ratings agencies that track consumer satisfaction and investment stability. From A.M Best, a financial ratings agency that also evaluates company finances, Amalgamated Life maintains an A (Excellent). American Fidelity Assurance maintains an A+ (Superior) from this agency.

Amalgamated Life vs American Fidelity Assurance Life Insurance Ratings

From the Better Business Bureau, an agency that directly measures customer service abilities, Amalgamated Life keeps a B rating. There are several outstanding complaints, and the company is not BBB-accredited. Meanwhile, American Fidelity Assurance has an A+. With few outstanding complaints and solid accreditation credentials, American Fidelity may eke ahead of Amalgamated when it comes to reviews and customer satisfaction.

The strength of Amalgamated is in providing life insurance policies and supplemental products for the working class. American Fidelity has slightly higher independent ratings and more of an emphasis on optional health and financial products you can purchase in addition to your life insurance. This may prove more appealing for consumers who can afford to purchase more than the basic protection.

A life insurance policy is an essential purchase if you want to protect your loved ones in the untimely event of your death, and both Amalgamated and American Fidelity, while different sorts of companies, are solid companies .

If you want to look for other good deals on life insurance, enter your ZIP code into our FREE quote finder now!