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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About the only similarity between Amalgamated Life insurance and CUNA Mutual Group involves their mutual commitment to helping to protect the financial future of their policyholders.

With the exception of the term life insurance offered by both companies, their other insurance products are vastly different.

With just your ZIP code and the FREE quotes tool you can find out which provider offers a policy that is best for you!

Both companies receive an “A” rating from A.M. Best, which indicates “excellent” financial strength. That is a great first step in selecting your insurer. Consider the reviews of company history, products and benefits below as the next step in making your decision.

Amalgamated Life Insurance

Since its founding in 1943, Amalgamated life has always been associated with working men and women in America. The company offers group and individual life insurance, disability coverage and medical-stop loss insurance. Amalgamated life also provide provides a variety of administrative services, including medical management, health and pension administration, benefit communication programs and, printing and fulfillment services.

Although Amalgamated Insurance services individual clients, it primarily focuses on unions, union workers, fund administrators, consultants and brokers.

Amalgamated subsidiaries are Amalgamated Lie, Alicare, Inc., Alicare Medical Management, Inc., Alicomp, Aligraphics and Amalgamated Agency.

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Amalgamated Life Insurance Products

Amalgamated Live vs Cuna Mutual Insurance

Group Term Life Policy – Amalgamated term life insurance provides coverage for eligible workers. The policy allows members to choose benefit amounts for a set time frame and to later convert to individual programs policy without undergoing a medical underwriting. It also provides for experience rated contracts according to age groups.

Companies have the option of adding additional coverage to make theirs benefit program more attractive to employees. For example, the dependent life option allows workers to buy additional life insurance coverage for their spouse or children.

The retiree life insurance coverage option provides additional insurance coverage to the firm’s retirees. Supplemented mental life coverage gives employees additional protection, which increases their financial security and peace of mind.

Accidental Death and Dismemberment (AD&D) – This product covers severely injured or killed on or off the job site. The overage offers an additional layer of financial protection for employees and their beneficiaries. Eligible employees can receive coverage up to the amount of their basic life insurance coverage. You can read an opinion against the need for this coverage here.

Medical Stop Loss – As a direct writer of medical stop loss insurance, Amalgamated can provide timely responses to requests for proposals. The company also offers discounts to members who have high performance preferred provider organizations (PPO), third party administrators (TPAs) and medical management services are our.

Amalgamated offers limit of liability up to $5 million terminal liability option and specific extension and other features.

Companies that have self-insurance medical plans purchase medical stop loss insurance to limit their exposure.

Disability Insurance – Amalgamated offers short-term disability coverage for group members for pregnancy and non-work related accidents or illnesses. The long-term disability program provides financial protection to group members who have a nonrelated illness or injury that makes the member unable to work. Both short- term disability and long-term disability are available to members as contributory or noncontributory plans.

Amalgamated Life versus Cuna Mutual Insurance

CUNA Mutual Insurance Group

CUNA Mutual Group opened for business 1935. As a mutual insurance company, policyholders own the company. Its subsidiaries include CUNA Mutual Life Insurance Company, CUNA Mutual Insurance Society and CUMIS Insurance Society, Inc.

This insurer caters primarily to credit union members across the United States. It specializes in providing life insurance and investment services.

Individuals can buy CUNA insurance; however, the person must be a member of a credit union that participates in CUNA programs.

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Products Offered by CUNA

Term Life Insurance- Term life insurance refers to life insurance polices that provide coverage for the insured for a predetermined period, such as one, five or ten years. CUNA offers this policy type to credit union members of any age.

Amalgamated Life Versus CUNA

The term life insurance plans provide two types of death benefits to beneficiaries:

Level Death Benefits, which remain constant throughout the duration of the coverage.

Decreasing death benefits which cover a declining debt such as a mortgage and decline over a specific duration.

Whole Life Insurance- This type of coverage provides members insurance coverage throughout their entire lives. A whole life insurance policy accumulates cash value, which the policyholder can use for loans or cash withdrawals. The policy offers protection policyholder’s financial assets in the event of an emergency.

Variable Universal Life Insurance – Denotes a type of whole life insurance policy that has an investment component. Variable Universal life insurance policies have the potential to provide higher returns on investments. However, the higher returns can decrease of increase the amount of the death benefit paid to beneficiaries.

Amalgamated Live vs CUNA

Long Term Care Insurance- CUNA long-term care insurance provides financial support for assisted living facilities or nursing home care. Individuals can purchase the insurance at any time. Benefits apply to the end-of-life care giving needs of the insured.

Annuities -This insurance product guarantees income payments for a specified period. A fixed annuity pays a predetermined amount monthly, quarterly or other time period as agreed to for the duration of the agreement or until the person dies. A variable annuity guarantees a minimum payment. Any remaining income payments depend on the performance of the equities or other investments.

Homeowners/Auto – CUNA members can purchase homeowners or automobile insurance at member’s discount.

One of the keys to attract the best workers lies in the benefit plan offered by employers. Insurance and investment products provided through the employer offer employees and their loved ones financial protection and peace of mind.

It is a good idea to check out products and receive quotes from a variety of insurance companies when putting together an employee benefits package for your business. Individuals looking to buy insurance should compare the variety of products and available rates.

To do that now simply use your ZIP and our FREE rates tool today!