Life Insurance can help your loved ones with financial obligations in the case of your death — from their daily expenses and mortgage to college tuition or retirement.
Unum offers a range of policies for every stage of your life. Whether you’re getting married, planning for a baby, switching careers or preparing for retirement, you can find coverage that perfectly fits your needs.
Term Life Insurance provides affordable protection for a specific period of time — though, in some cases, coverage can be extended past the original term period. Most people buy it during their working years, so if they die, their benefit can help protect their loved ones from the financial impact of lost wages and manage their financial needs.
Whole Life Insurance offers longer-term coverage with the ability to build cash value at a guaranteed rate — and is tax-deferred and accessible during your lifetime. Instead of adjustable premiums and benefits, however, the coverage remains constant as you grow older.
|Term Life||Whole Life|
Term Life is the ideal coverage for
high-demand years when you need it most
Whole Life offers fixed coverage for the life of the policy,
which can extend beyond your working years
|Death benefit||Payable if you pass away within the term period you select||Stays the same as long as you make 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|
Costs, eligibility and waiting periods before benefits are dispersed can vary depending on your plan. Talk with your HR representative for more details.
This life insurance does not specifically cover funeral goods or services and may not cover the entire cost of your funeral at the time of your death. The beneficiary of this life insurance may use the proceeds for any purpose, unless otherwise directed.
Applicable to policy forms C.FP-1, et al. UA-GTLP21-1, L-21825, L-21848, FUL-21825, and FUL-21848.
The policy or its provisions may vary or be unavailable in some states. The policy has exclusions and limitations which may affect any benefits payable. See the actual policy or your Unum representative for specific provisions and details of availability.
Group Term Life Insurance is underwritten by Unum Life Insurance Company of America, Portland, ME. In New York, group term life is underwritten by First Unum Life Insurance Company, New York, NY.
Whole Life Insurance is underwritten by Provident Life and Accident Insurance Company, Chattanooga, TN. In New York, whole life insurance is underwritten by First Unum Life Insurance Company, New York, NY.