Amalgamated Life vs. Standard Insurance Company [2025]

When navigating the landscape of insurance providers, the choice between Amalgamated Life and the Standard Insurance Company holds significant weight, as these entities cater to diverse needs with their unique coverage offerings. Delving into the intricacies of coverage rates, options, discounts, and customer reviews, a clear picture emerges of the advantages each company holds for various customer profiles. Whether you prioritize comprehensive life coverage, worker-centric policies, or customizable voluntary plans, Amalgamated Life emerges as the preferred choice. Conversely, Standard Insurance Company stands out with its array of options, including Third Party Damage Policies and riders for passengers, offering tailored solutions for different insurance needs.

Amalgamated Life

Pros:

Insurance Products From Amalgamated

In collaboration with unions and other groups, Amalgamated focuses on life insurance that employers can offer to their workers, specific business products to protect the employer, and insurance to offer employees additional protection.

• Life Insurance: A company for the worker would not neglect to remember his family in the event of his passing. This term life insurance policy lets the workers have more choice in their amount of benefits. It can also be transferred to a permanent policy. To read financial expert Dave Ramsey’s opinion on term and permanent coverage go to this article. Additional coverage can be added for an extra cost.
• Accidental Death & Dismemberment: Whether on the job or off, members can take advantage of this plan if they have a group life insurance policy as well. They can receive the amount of basic life coverage if they are severely injured or paralyzed. This helps the member’s family in a time of financial hardship due to loss of work.
• Medical Stop Loss: This is a unique business insurance policy designed to keep the risk of a high-cost claim to a minimum. If a large claim through employer-provided insurance is anticipated, this policy protects the providing employer from excessive risk. It also limits liability.
• Disability: If an illness or injury causing a member to miss work occurs off the job, this policy provides income protection and peace of mind for up to 2 years. A long-term policy is also available that would protect the member for up to 5 years.

Voluntary Insurance From Amalgamated

Amalgamated Life gives many options to workers. Besides their basic policies for life insurance, they make available some choices that are tailor-made for the individual. These include the Workers Life Plus and the Workers Life Level along with a Critical Illness Protection Policy.

With the Plus plan, the younger worker receives more protection when he needs it most. Benefits decrease as he ages but his premium stays the same throughout the life of the policy. With the Level policy, the premium rises as the member ages yet the benefits stay the same.

Critical Illness Protection is a lump sum at the time of extended hospital confinement or serious illness such as cancer. It is deducted from the death benefit.

Read more: Top Voluntary Life Insurance: What You Need to Know

Read more:

• Amalgamated Life vs. Southern Farm Bureau Life Insurance Co.
• Amalgamated Life vs. USAA Life Insurance
• Amalgamated Life Insurance Company Review

Insurance Products From Standard Insurance

• Motorcar: This policy affords benefits for damage and theft. Other options include a Compulsory Third Party Liability and Excess Bodily Injury.
  

  There is also a Third Party Damage Policy and passengers can be protected under the PA rider. Free accident coverage and roadside assistance are included in a motorcar policy.

• Property: Standard offers protection from fire and/or lightning. This covers buildings and their contents. Other options are available at an additional cost such as earthquakes, typhoons, and floods.
• Some extended coverage options: cover explosions, aircraft/vehicle impact, smoke, riot/strike, and malicious damage. Virtually anything that could happen to a property has an option for coverage with Standard Insurance Company.
• Marine: Cargo being transported can be covered with a Marine policy. Interestingly, the policy covers transport whether it is by sea or by air or land. Depending on the policy, there may be some limits to available coverage.
• Accident: When an accident occurs, much financial loss is suffered by the one in the accident and his family. This policy gives financial benefits at this time when other more essential things are on the minds of the family members. To see government statistics on the number of worker deaths and injuries go to this page.

In 2010 the National Safety Council estimated the average cost of a single, non-fatal car crash at over $70,000.

In addition to those specific options listed above, there is comprehensive general liability. This is offered because, during accidents, members can be unwittingly involved in injury to others. This plan will protect the member and help with litigation costs.

Many extensions or riders are available for the above policies directly related to the member’s unique situation. For business owners, payroll robbery insurance will protect the company and its employees against monetary loss. It’s a breeze to see how policies stack up when you enter your ZIP into the FREE quote box here!