Give your loved ones peace of mind and protect them from the financial impact of your death. Whole Life Insurance provides lifelong protection. Over time, Whole Life policies build cash value that grows tax-deferred and can be accessed during your lifetime.
Whole Life Insurance provides a fixed coverage amount 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 terminal illness.
Costs, eligibility and waiting periods before benefits are dispersed can vary depending on your plan. Talk to your human resources representative for more details.
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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 Insurance to his benefits plan. With this coverage, he knows his family will be better protected if he dies. His policy will also gain cash value, so Michael and his family will have additional financial options as they grow older.
How Michael’s plan works:
If Michael dies, his loved ones can use the money for:
Michael might also appreciate these benefits:
If Michael has a plan with a “living” benefit:
He could receive up to 100% of his benefit amount if he is diagnosed with a terminal illness.
For illustrative purposes only. Coverage plans may vary.
Underwritten by Provident Life and Accident Insurance Company.
In New York, underwritten by First Unum Life Insurance Company.
