Always be there financially for your loved ones.
Whole Life Insurance (also called Permanent Life Insurance) completes your Life Insurance protection by providing a benefit to your loved ones. The benefit can be used to cover funeral costs and any other final expenses, which might include shared credit card debt or unpaid medical bills. Associates may elect a minimum of $10,000 up to $100,000. Spouses can select a benefit amount of $10,000, $20,000, or $30,000. The benefit amount for dependent children and grandchildren is $25,000.
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As long as the cost-effective premium payments are maintained, the policy never expires, and the premium always remains the same.
Whole Life Plan Features
- Family Coverage: You can purchase coverage for yourself and your dependent children and grandchildren.
- Portable Coverage: You can take your policy with you if you change jobs or retire.
- Guaranteed Issue: Acceptance is guaranteed during initial eligibility. Some restrictions apply. See your enrollment materials for more information.
Why Is This Recommended?
Whole Life Insurance provides a guaranteed benefit after retirement and builds cash value tax-free, but also value you can rely on as your needs in your life change. A small amount of Whole Life insurance balances your life Insurance portfolio because rates are guaranteed level and coverage is 100% portable, assuring affordability and final expense coverage during post-retirement years.
