Employees and families
Whole life insurance provides consistent coverage through retirement with
premiums and benefits that won’t change as you grow older. The policy can build
cash value over time — which you can apply toward a paid-in-full life policy or even borrow against later.
Other benefits include guaranteed coverage, family
options, additional payments for covered accident-related claims, and early payouts for
Michael’s employer provides a basic amount of term life
insurance, which was enough when he was single. Now, he has
a family, a mortgage and many other responsibilities. With an easy,
affordable paycheck deduction, Michael was able to add whole life coverage to his
benefits plan. Now, he knows his family will be better protected
if he dies. Whole life plans also gain cash value, so Michael will
have additional financial options as he grows older.
If Michael dies, his family can use the money for:
Michael might also appreciate these benefits:
If Michael has a plan with a “living” benefit:
* For illustrative purposes only. Coverage plans may vary.
This information is not intended to be a complete description of the insurance coverage available. The policy or its provisions may vary or be unavailable in some states. Policies have exclusions and limitations which may affect any benefits payable. For complete details of coverage and availability, please refer to policy form or contact your Unum representative.
Underwritten by Provident Life and Accident Insurance Company.
In New York, underwritten by First Unum Life Insurance Company.