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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Amalgamated vs Shelter Insurance

To compare Amalgamated Life to Shelter Life Insurance Company, you need to know about their services. While both of these companies offer life insurance, they also provide additional insurance solutions. Once you have a clear view of the details, you will be able to judge for yourself which insurance company best fits your needs.

About Amalgamated Life Insurance Company

The Amalgamated Life Insurance Company was established in 1943. They pride themselves on building relationships with their customers and offer high-quality packages for all income brackets.

The customer service is also quite extraordinary.

They have representatives that speak a number of different languages so you are sure to have your issues addressed accurately and promptly.

Currently, Amalgamated Life Insurance Company has services in the following categories:

  • Life Insurance
  • Accidental Death and Dismemberment
  • Disability

Their trained staff has the ability to draw on any resource required to make sure you are 100% satisfied.

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Types of Life Insurance Coverage

Amalgamated Life Insurance offers a group policy that comes with basic features that allow you to choice they amount of benefits you receive. You also have the option of switching your policy from temporary to permanent; most insurance companies require medical underwriting, but Amalgamated Life does not. Eliminating this step saves time and money.

There are additional options you can select from, but they will cost you extra. They include:

Supplemental Life Coverage – This type of coverage works with your group term life insurance. It covers gaps in your finances and protects you and your dependents. Should you become ill or incapacitated and can no longer work, this type of insurance will assist you. Of course, the amount is based on prior contributions, but it can definitely help when you need extra funds.

Dependent Life Coverage – You may be able to buy additional insurance for your spouse and children, if applicable. A maximum of $100,000 can be awarded to your spouse and the children can receive a maximum of $4000 a piece.

Coverage for Retirees – This applies if you retire from a company that provides extra insurance specifically for those who will retire within a certain time frame. You could receive as much as 10% in addition to your basic coverage.

Accidental Death and Dismemberment Policy Features

In addition to your standard group term policy, you can elect to purchase a level of accidental death and dismemberment coverage. This will protect you and your family should you become involved in an accident that results in paralysis or death; this applies whether you are home or at work.

Note: Amalgamated Life Insurance Company does practice in all 50 states, this specific type of insurance coverage may not be available in every state. You must confirm with your agent.

Types of Disability Coverage

Amalgamated Life Insurance Company offers two types of disability insurance, short and long-term. The short-term disability benefits provide for accidents, pregnancies or illnesses. The time frame for coverage varies for each as does the contribution method.

Long-term disability coverage differs in the amount of benefits you are entitled to because of the duration of the illness or injury. Options are tailored to suit your requirements.

Long and short-term disability applies whether you contribute or not, it is generally part of the overall package purchased by your employer; only the additional options vary if you make contributions.

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Amalgamated Life Insurance Company Ratings

Since 1974, Amalgamated Life Insurance Company has received an A rating from A.M. Best Company, the number one ratings company for insurance. This is a testament to Amalgamated Life’s consistency in the industry. A.M. Best rates insurance companies on their ability to meet their financial obligations to both employees and customers. In addition, they must continue to grow and increase revenue. Receiving the A means Amalgamated Life Insurance Company has proven results in these areas.

The Amalgamated Life Insurance Company is dedicated to providing exceptional insurance benefits and a variety of packages at an affordable rate. They continue to maintain a loyal customer base because they understand how important it is to have financial security today. They remain true to their original vision.

About Shelter Insurance Company

The Shelter Insurance Company was reborn after the original founders began the company in 1946 in Brunswick, Missouri. The original company, called MFA Insurance was created to provide casualty insurance for farmers who were struggling with current insurance rates. They needed protection with comparable prices and so the MFA Insurance Company was born.

Over the years they grew, but in 1981, the MFA turned from their original plan assisting farmers, to an entirely new way of operating. The Shelter Insurance Company introduced new products and in addition to life insurance, started writing reinsurance policies, auto and personal property.

In 1999, Shelter Insurance Company launched Shelter Financial Bank. The additional financing helped the Shelter Insurance Company grow to be one of the leading property and casualty companies in the United States.

Levels of Insurance

Today, the Shelter Insurance Company offers a host of services in addition to the traditional life and casualty. They also insure all types of vehicles and provide coverage for businesses too. The types are listed below:

  • Auto
  • Motorcycle, RV, ATV and Boat
  • Farm Insurance
  • Renters Insurance
  • Home Insurance
  • Personal Article
  • Commercial or Business

The Shelter Insurance Company has such a variety of offers that you can use their services for virtually everything you want to protect. From automobiles to personal possessions, this company provides you with one-stop-shopping.

This is a major advantage over other insurance companies, including Amalgamated Life, which can seem limited in comparison.

Choosing the correct insurance provider is a personal choice that must be weighed according to your needs. This is the best way to determine the overall value of a company and the policies they write.

Before you make your decision, do the correct research and set the proper expectations. Ultimately, the insurance company you select, whether it’s Amalgamated Life or Shelter Life should be there during your time of need and resolve all of your issues quickly and efficiently. Enter your ZIP code in our comparison tool and we to compare insurance quotes for FREE.