Life Insurance

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 funeral costs, day-to-day expenses, bills and other expenditures.

A Life Insurance policy can protect what matters most

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.

How Life Insurance works

Term Life Insurance

Term Life Insurance provides 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

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.

How Life Insurance compares

	Term Life	Whole Life
Key features	Term Life Insurance is the ideal coverage for high-demand years when you need it most	Whole Life Insurance offers fixed coverage for the life of the policy, which can extend beyond your working years
Cost	$	$$
Death benefit	Payable if you pass away within the term period you select	Guaranteed for the life of the coverage as long as you make premium 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 and offer flexibility over time

Costs, eligibility and waiting periods before benefits are dispersed can vary depending on your plan. Talk with your HR representative for more details.

* Depending on plan design, coverage may reduce at the later of age 70 or 25 years after the coverage effective date.
** Accelerated Death Benefit for Long Term Care Rider and Accelerated Death Benefit for Chronic Care Rider premiums are not guaranteed to stay consistent throughout the life of the policy.

Commonly asked questions about Life Insurance

How much does the plan pay?

The plan pays your beneficiary the amount you choose when you initially enroll in the coverage.

How much coverage do I need

The amount of Life Insurance coverage you should get depends on many factors, such as your annual income, existing debt and how much you want to provide for major life events like a wedding or college.

Am I guaranteed coverage?

Depending on your policy, you may be asked some health questions to determine if you are eligible for coverage.

What is not covered?

Some plans have exclusions for circumstances like suicide. See your HR representative for details on your specific plan.

Can I increase my coverage later?

Term Life coverage can be increased later, although you may need to answer health questions depending on the plan. For Whole Life Insurance, check with your HR representative to see if your plan allows additional coverage to be purchased later and if health questions are required.

Can I keep my Life Insurance if I leave my job?

Yes, in most cases. See your employer for details.

Have questions?

Find out more about Term or Whole Life Insurance.

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-21848, FUL-21848-NY, FUL-21848-20 and PLA-GWLP22-1, et al.

The policies or their provisions may vary or be unavailable in some states. The policies have 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 Insurance is underwritten by First Unum Life Insurance Company, Garden City, NY.

Individual Whole Life and Group Whole Life Insurance are underwritten by Provident Life and Accident Insurance Company, Chattanooga, TN. In New York, Individual Whole Life Insurance is underwritten by First Unum Life Insurance Company, Garden City, NY.