Our Group Whole Life Insurance protection offers living benefits that can assist you when you need it most.

Our living benefits can assist employees when they need to take care of large expenditures that can arise during critical medical events. These benefits are easily accessible when needed to cover immediate circumstances. Our coverage not only expands an individual’s financial protection but also offers guaranteed benefits to aid surviving family members adjusting to the loss of income that can result after the death of a loved one.

 

Benefits Include:

  • Immediate claims payment
  • Level premium that is guaranteed to never increase
  • Guaranteed death benefit (generally free from federal income tax*)
  • Guaranteed access to living benefits
  • Guaranteed cash values
  • Portable at the same rate and benefit amount

*These statements are not intended as tax advice

Our whole life coverage includes Immediate Claims Payment, which allows the beneficiary to receive a portion of the benefit face amount soon after the death of a loved one, with less paperwork. Our coverage also offers optional living benefits which can assist individuals and families when they need to take care of large expenditures, like extended confinement and care.

 

 

Frequently Asked Questions

Whole life insurance provides a guaranteed benefit for final expenses as long as premiums are paid on time.
The main difference between term life and whole life insurance is the length of the policy. With term life, the insured chooses a length of time for the policy to last. If the insured dies during the time period of the policy the beneficiaries receive a death benefit. With whole life, the insured is covered for life and rates will never increase as long as premiums are paid on time. Whole life insurance also builds a cash value over time. There are many advantages to both term and whole life insurance and choosing the better option varies, depending on a person’s unique needs. Below are some of the differences in policy features:
Policy Features
Term Life
Whole Life
Low Premium
X
 
Choice of policy length
X
 
Guaranteed issue
 
X
Accumulates cash value
 
X
Lifelong coverage
 
X

One of the benefits of whole life is a tax-deferred cash value that builds over time with the policy.* The cash value can be accessed any time as a loan. The face amount of the policy will be reduced by any outstanding loans.
Death benefits paid from whole life insurance are not subject to federal income tax.*
Some of the benefits of Whole Life coverage are:
  • A Guaranteed Death Benefit
  • Tax-Free Cash Value Accumulation that builds as premiums are paid*
  • Portability at the same rate
  • Immediate claims payment
  • Payroll-deducted premiums
  • Waiver of Premium for Disability
  • Competitive Group Rates

*These statements are not intended as tax advice.