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

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Mar 19, 2020

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Choosing an insurance company is one of the most important purchasing decisions that individuals and families can make. Different companies offer a wide array of insurance packages, with health and life insurance topping the list of most important.

To see what policies, benefits and rates are available use the FREE quoting device and your 5 digit ZIP code now!

Comparing insurance companies like Amalgamated Life and Combined Insurance Company of America is not as simple as it might first appear. Before making a decision, shoppers need to understand the different types of insurance offered.

Once you know what type of policies and products a provider offers then it’s time to compare benefits, rankings and rates of each one. Then you’ll know if the cost is a bargain, an investment of a waste of your money.

Basics of Insurance

Insurance is simply a product that guarantees payment on unexpected or large expenses. As an example, health insurance protects the policyholder from massive medical bills by paying amounts in excess of the agreed upon out-of-pocket expenses.

Amalgamated Life vs Combined Insurance

Products range from health insurance to home insurance, but most companies have a specialty. Both Amalgamated and Combined Insurance focus on health, disability, life, and supplemental insurance packages.

Health Insurance – Provides financial protection for any necessary and approved medical expenses incurred. Some examples of typically covered services include doctor’s visits, prescription drug coverage, referred specialist visits, and hospital stays.

Disability Insurance – In the event that the policyholder becomes unable to work, this insurance product pays out a set monthly benefit to offset the continued loss of income. Policies are available on a short-term or long-term basis.

Life Insurance – When a loved one passes, financial considerations suddenly leap to the fore. Funerals carry a hefty price tag and many families struggle with the sudden drop in income.

Life insurance pays out a death benefit as a lump sum in the amount of the purchased coverage. There are exclusions that may apply, so read all contract terms carefully.

Supplemental Insurance – As its name implies, supplemental insurance is exactly that. It is available for health, disability, and life insurance. Many insurance policies only pay for a portion of the total debt incurred. Supplemental insurance helps pay the remaining balance due.

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Health Insurance Products

Amalgamated Live vs Combined Insurance

Both Amalgamated Life and Combined Insurance Company of America offer health related insurance policies. Amalgamated Life only sells medical stop loss policies, while Combined Insurance sells supplemental health care policies.

Medical stop loss insurance products are designed for employers. Because health insurance is such a profitable industry, today’s corporate giants attempt to cut themselves in with self-funded policies. These policies often result in significant savings for the company, but they carry big risks. A single large medical claim can eat up years’ worth of savings. A stop loss policy preserves those savings when the company reaches the out-of-pocket maximum.

Supplemental health care is sold to individuals and families. Combined Insurance’s supplemental policies offer:

  • Help with additional expenses associated with illnesses covered by a basic health care policy
  • A daily stipend offered for hospital admissions
  • A daily stipend offered for care provided on an outpatient basis
  • Additional coverage in the event that a policyholder becomes permanently disabled due to a covered illness
  • Help with normal living expenses during times of medical adversity

The two basic products offered by Combined Insurance Company of America are “Critical Care Protector” and “Cancer Care Protector”.

Critical Care Protector is general supplemental insurance, which provides benefits in the event of any covered illness. Cancer Care protector applies specifically to treatments and care associated with cancer.

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Disability Insurance Products

Amalgamated Life Versus Combined Insurance Company

Disability insurance is typically offered in either short-term or long-term policies. Short-term disability insurance converts to long-term, if it is available, when the short-term is exhausted. Amalgamated Life offers both types of disability insurance. Combined Insurance only offers short-term disability policies. Their short-term policies pay out directly to the policyholder for two years following permanent disability.

Life Insurance Products

Amalgamated life offers a wide variety of life insurance products. Employers can purchase group policies that cover all currently working employees. Employers enjoy the following benefits with an Amalgamated policy:

  • Flexible benefit amounts
  • Convertibility with no medical underwriting
  • Optional additions like: dependent life, retiree life coverage, and supplemental life

Combined Insurance Company of America offers supplemental life insurance policies available to individuals. Combined Insurance offers coverage including:

Final Expenses – This covers outstanding debts including medical, legal fees, credit card balances, taxes owed, and funeral expenses.

Housing Expenses – Some policies provide enough of a cash benefit to allow loved ones to continue to meet the financial burden of a mortgage payment or rental agreement.

Replacement Income – Two income households usually have the expenses to match the sum of both incomes. In the event of the death of a primary income earner, remaining family members may not be able to continue to meet financial commitments. Supplemental life insurance can help give families more time to adjust by replacing lost income.

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Supplemental Insurance Products

Every insurance policy has limitations, maximum benefits, and out-of-pocket expenses. Supplemental health policies offer increased peace of mind by paying most, if not all, of those additional costs.

Amalgamated vs Combined Insurance

Supplemental life insurance offers an additional cash benefit in the event of a loved one’s passing. Disability and accident supplementary insurance can cover costs not directly associated with health care. These policies pay out directly to the insured, to allow them to continue to pay for general living expenses.

Amalgamated Life only offers supplemental policies on life insurance, while Combined Insurance of America only sells supplemental policies.

Additional Products

Amalgamated Life offers Accidental Death and Dismemberment coverage as an add-on to the group life insurance policy. A critical illness protection rider is also available as part of the group policy.

Amalgamated vs Combined Insurance Company

Accident and Sickness insurance and Medicare supplements are offered through Combined Insurance Company of America. Accident and Sickness kicks in to help pay for hospital stays, emergency care, lost income, outpatient care and much more. Medicare supplemental insurance helps pay the uncovered portion of medical expenses.

The Target Customer

The basic difference between Amalgamated Life and Combined Insurance Company of America is the target customer.

Amalgamated Life sells group policies for employers. Combined Insurance Company of America provides supplemental policies for individuals.

Both companies market very similar products, but Amalgamated offers medical stop loss for employers interested in reaping some of the profits of the health care industry. Combined Insurance Company of America provides consumer policies that meet the needs of the individual. While Amalgamated does have products for retirees, it does not offer health insurance for Medicare beneficiaries.

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