You want to make sure your family is taken care of, but you don't know what the future holds. If you pass away, Unum Life Insurance can help your family cover expenses, such as funeral costs, day-to-day expenses and bills.
Term Life Insurance provides affordable protection for a specific period of time, usually during your working years. In some cases, coverage can be extended past your original term. Most people buy it during their working years, so if they die, their death benefit can help loved ones manage their financial needs.
Whole Life Insurance offers longer-term life coverage with the ability to build cash value at a guaranteed minimum rate. Instead of adjustable premiums and benefits, however, the coverage remains consistent as you grow older.
| Term Life | Whole Life | |
|---|---|---|
| Key features |
Consistent Term Life is the ideal coverage for high-demand years when you need it most |
Guaranteed
Whole Life offers permanent coverage that remains the same |
| Cost | $ | $$ |
| Death benefit | Payable if you pass away within the term period you select | Stays the same as long as you make payments |
| Premium payments |
Payments stay level during the selected term period |
Payments stay consistent throughout the life of the policy |
| Cash value | Not a feature of Term Life |
Cash values are set when you purchase the policy |
