Whole Life Insurance

Help protect your loved ones now and into retirement.

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Coverage you own

Whole life insurance may be a great supplement to your employer-offered plan because it provides coverage for your entire life, not just while you’re working. It’s coverage that you own; it can never be cancelled, even if your health changes.1 And because you own it, you can take it with you when you change jobs or retire with no change in the premium. It helps ensure that your short- and long-term financial obligations could be met if the unforeseen should happen.

Whether you’re single, have a spouse/domestic partner or a growing family, someone depends on you. It’s important to take steps to make sure they would be financially prepared if you were no longer there to handle expenses like:

  • Food
  • Utilities
  • Transportation
  • Mortgage/rent payments
  • Childcare or education fees
  • Insurance premiums

Life has changed, the need to protect your family hasn’t

Life insurance that travels with you wherever life takes you.1

Whole Life FAQs

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Whole life insurance may be a great supplement to your employer-offered term life plan because it protects your loved ones for your entire life for a level premium. Term life only offers coverage for a limited duration and typically becomes more expensive as you age. Whole life insurance is permanent coverage you own, meaning you can take it with you when you change jobs or retire with no change in the premium. It can help ensure that short- and long-term financial obligations could be met if the unforeseen happens.

Premiums are conveniently paid through payroll deduction or some other method arranged by your employer, so you don’t have to worry about writing a check.

Yes, as you pay premium, your policy will build guaranteed cash value2 that you can access at any time.

Premiums for employee coverage are guaranteed to remain level until the certificate is paid up. Once paid up, no further premiums due. Please see your plan materials for details on your cost for coverage.

If your plan includes coverage for dependents, spouse/domestic partner, and dependent child coverage can be purchased. Please consult your plan materials (e.g. Plan Summary or enrollment materials) for information about eligibility.

An Accelerated Death Benefit Rider for Terminal Illness3,4 is included in your certificate. The Accelerated Death Benefit for Terminal Illness Rider provides access to some or all of the death benefit. Please consult your plan materials for information about this benefit. Conditions and restrictions may apply. Any outstanding loans will reduce the cash value and any final death benefit.

If an Accelerated Death Benefit Rider for Long-Term Care4,5 is included in your certificate, you have access to some or all of the death benefit in the event you qualify because of illness. You may elect to claim an accelerated death benefit if you become temporarily or permanently chronically ill, meaning you either are severely cognitively impaired (such as Alzheimer's) or are unable to perform two of six “activities of daily living”, such as bathing, continence, or dressing, without assistance. You must also be receiving qualified long-term care services.

The costs associated with treatment in a nursing home, assisted living facility or even in-home care can be expensive and are not typically covered by medical plans. This benefit pays a defined percentage per month of your Life Insurance proceeds (up to a maximum determined by your plan), with any remainder payable upon final claim, and can be used as you see fit while you are still living. For more information, refer to your enrollment materials. Conditions and restrictions may apply. Any outstanding loans will reduce the cash value and death benefit. Available for employee and spouse only.

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1 Coverage cannot be canceled as long as the Insured pays the premiums when due. Insureds pay a premium until the age of 70 years or 20 years from issue if the policy is purchased at age 51 or later, after which the policy becomes paid with no premiums due.

2 Restrictions apply. Certificate must not be a paid-up benefit and a minimum cash value balance is required.

3 The Accelerated Death Benefit due to Terminal Illness Rider pays between 50%-100% (depending on plan design) of an insured's Life Insurance proceeds (with any balance payable upon final claim) in most states if the insured becomes terminally ill. Conditions and restrictions may apply. Any outstanding loans will reduce the cash value and death benefit.

4 Accelerated Benefits Options are subject to state regulation and is intended to qualify for favorable federal income tax treatment, in which case the benefits will not be subject to federal income taxation. This information was written as a supplement to the marketing of life insurance products. Tax laws relating to accelerated benefits are complex and limitations may apply. You are advised to consult with and rely on an independent tax advisor about your own particular circumstances. Receipt of accelerated benefits may affect your eligibility, or that of your spouse or your family, for public assistance pr, Temporary Assistance to Needy Families (TANF), Supplementary Social Security Income(SSI) and drug assistance programs. You are advised to consult with social service agencies concerning the effect that receipt of accelerated benefits will have on public assistance eligibility for you, your spouse or your family.

5 An Accelerated Death Benefit for Long-Term Care (LTC) Rider pays 2-10% per month (up to a maximum of 100%) of an employee's Life Insurance proceeds (with any balance payable upon final claim), depending on plan design. Available on employee and spouse certificate coverage only. This benefit is triggered by the permanent or temporary inability to perform (without substantial assistance from another individual) two of six Activities of Daily Living (bathing, continence, dressing, eating, toileting, and transferring) or need for substantial supervision due to severe cognitive impairment. The insured must also be receiving qualified long-term care services. Conditions and restrictions may apply. Any outstanding loans will reduce the cash value and death benefit.

Certain state restrictions apply. The LTC Rider is not available for NY residents for plans principally located in NY or for UT residents for plans with more than 25% eligible lives in UT.