What is American Medical Security?
American Medical Security (AMS) is a private health‑security firm that partners with employers, unions, and professional associations to provide medical benefits, disability protection, and life insurance. The company's mission is to secure employees' medical and financial well‑being by bundling coverage that is both comprehensive and cost‑effective.
- What is American Medical Security?
- Life Insurance Coverage Offered by AMS
- Eligibility and Enrollment Process
- Key Features of AMS Life Insurance
- Comparing Term and Whole Life Options
- Benefits of Bundling Life Insurance with AMS Health Plans
- How AMS Supports Claims and Customer Service
- Is AMS Life Insurance Right for You?
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Life Insurance Coverage Offered by AMS
AMS offers two main life‑insurance products: term life and whole‑life policies. Term life provides a death benefit for a specified period—typically 10, 20, or 30 years—while whole‑life delivers a guaranteed death benefit plus a cash‑value component that grows over time. Both products can be purchased individually or bundled with disability and long‑term care plans.
Eligibility and Enrollment Process
Eligibility hinges on employment status or group membership. Employees of partner companies can enroll during open‑enrollment or after a qualifying life event. Non‑employees may qualify through professional or trade associations that have negotiated a group plan with AMS. The enrollment process is online: applicants submit personal and medical information, receive a quote, and can choose coverage levels and riders.
Key Features of AMS Life Insurance
- Customizable Coverage: Employers can set a base death benefit, while employees add supplemental coverage.
- Riders: Accidental death, critical illness, and disability riders can be added for additional protection.
- Premium Flexibility: Premiums can be paid monthly or annually, with options to adjust coverage as needs change.
- Cash Value Accumulation: Whole‑life policies build cash value that can be borrowed against or used to pay premiums.
Comparing Term and Whole Life Options
| Attribute | Term Life | Whole Life |
|---|---|---|
| Cost | Lower monthly premiums | Higher premiums, but includes cash value |
| Duration | Specified term (10‑30 years) | Lifetime coverage |
| Cash Value | No | Yes, grows over time |
| Premium Stability | Can increase after term ends | Fixed for life |
Benefits of Bundling Life Insurance with AMS Health Plans
When life insurance is bundled with AMS's disability and long‑term care plans, participants gain a coordinated approach to risk management. Premiums are often discounted, and the integrated claims process simplifies administration for both employees and employers.
How AMS Supports Claims and Customer Service
AMS operates a dedicated claims center that handles life‑insurance claims within 10 business days of notification. Policyholders receive online access to claim status, payment tracking, and a 24/7 helpline. The company's customer service team is trained to assist with policy changes, rider adjustments, and beneficiary updates.
Is AMS Life Insurance Right for You?
Choosing AMS life insurance depends on individual goals. If you seek affordable coverage for a defined period—such as until children are independent—term life is suitable. If you prefer a permanent policy with a savings component and are comfortable with higher premiums, whole life may be preferable. Employers benefit from the administrative ease and potential cost savings of group plans.