Unum Whole Life Insurance for Your Future

Unum whole life insurance can provide a guaranteed death benefit to your loved ones, giving you peace of mind and financial security.

It's a type of permanent life insurance that stays with you for your entire lifetime, as long as premiums are paid.

With Unum whole life insurance, you can also build cash value over time, which you can borrow against or use to supplement your retirement income.

This can be a valuable resource for big-ticket purchases or unexpected expenses, helping you stay on track with your financial goals.

Term Life is the ideal coverage for high-demand years when you need it most. It's perfect for when you have a mortgage, family to provide for, or other financial responsibilities.

Whole Life offers fixed coverage for the life of the policy, which can extend beyond your working years. This can provide peace of mind and financial security for you and your loved ones.

Discover more: What Happens to Cash Value When Surrendering Whole Life Policy

Here's a comparison of the two types of life insurance:

Whole Life is a great complement to Term Life Insurance, because you can keep it after you retire. The earlier you buy it, the lower your premiums.

With Unum whole life insurance, you can enjoy a range of benefits that provide peace of mind and financial security.

One of the standout features is that the cost of the policy does not increase with age. This means you can budget for your insurance needs without worrying about rising premiums.

The benefit coverage amount remains the same throughout the policy's duration, providing consistent protection for you and your loved ones.

The policy earns interest or a cash value at a guaranteed rate of 4.5%, giving you a potential source of funds in the future. You may also be able to borrow from the cash value if needed.

A living benefit allows for an early payout of the death benefit if certain criteria are met, providing flexibility in times of need. You can also use the death benefit to pay for long-term care.

Recommended read: Whole Life Insurance Payout at Death

Here are some of the key benefits and features of Unum whole life insurance:

Unum Group has a rich history, founded in 1848 in Maine and has since grown into a Fortune 500 company.

Unum Group was founded in 1848 in Maine, a testament to its long-standing commitment to providing financial security to individuals and families.

Unum Life Insurance products include both term and whole life policies that may be purchased by individuals through their employers.

Either option can pay a cash benefit to your designated beneficiaries in the event of your death, providing peace of mind for loved ones.

Unum Group offers a wide range of benefits beyond life insurance, including disability insurance, dental insurance, vision insurance, hospital insurance, critical illness insurance, and accident insurance.

You might like: What Is Group Whole Life Insurance

Unum has launched a Group Whole Life product on the CalcFocus Achieve Platform. This move is a significant step forward for the company, allowing them to provide customers with an enhanced digital experience.

The CalcFocus Achieve Platform is a robust and easy-to-navigate system that helps insurance companies like Unum serve the dynamic needs of their customers. This platform has been specifically designed with the insurance industry in mind, providing extensive out-of-the-box capability.

Unum has a longstanding relationship with CalcFocus, dating back to the implementation of the Forecast Illustration System. This system provided customers with the data they needed to effectively manage their policies.

The success of this initiative laid the foundation for Unum to launch a new product initiative directly on the Achieve administration system. This is a testament to the value that CalcFocus has brought to Unum.

CalcFocus is proud to be an insurance industry native, bringing deep expertise and experience to the table. Their products and services have greatly reduced the time and cost of implementation for Unum.

Whole Life Insurance is a type of coverage that stays with you for your entire life, as long as you make payments. This means you can keep it even after you retire.

You can buy Whole Life Insurance at any age, but the earlier you do, the lower your premiums will be. This can help you save money in the long run.

Whole Life Insurance can help pay for your final expenses, and it can also accumulate cash value that you can use while you're living. You can even get coverage for your family members.

Here are some key features of Whole Life Insurance:

Whole Life Insurance offers fixed coverage for the life of the policy, which can extend beyond your working years. This type of insurance provides a guaranteed death benefit and a cash value component that grows over time.

Term Life insurance, on the other hand, is ideal for high-demand years when you need it most. It's a more affordable option, but the coverage is only in effect for a set period, typically 10, 20, or 30 years.

Here's a comparison of the two types of insurance:

The cost of Whole Life insurance is generally higher than Term Life, but it provides a guaranteed death benefit and a growing cash value component. This can be a valuable asset for your loved ones in the future.

Life insurance is a vital aspect of financial planning, and it's essential to consider your options at every stage of life.

You may need life insurance in your 20s to cover funeral expenses and outstanding debts. Learn more about your life insurance options and how your needs may change as you age.

As you enter your 30s, you may need life insurance to protect your loved ones in case of your passing. This can help ensure they can continue to live comfortably without financial strain.

In your 40s, your life insurance needs may increase due to growing family responsibilities and mortgage payments. It's essential to reassess your coverage to ensure it meets your current needs.

Whole life insurance can provide a guaranteed death benefit and cash value accumulation, making it a popular choice for many people.

Explore further: Who Needs Whole Life Insurance

Whole Life Insurance is a type of coverage that offers fixed coverage for the life of the policy, which can extend beyond your working years. This means you can keep it even after you retire.

The cost of Whole Life Insurance is typically higher than Term Life, but it provides a guaranteed death benefit as long as you make payments. Payments stay consistent throughout the life of the policy, and you can even accumulate cash value over time.

One of the benefits of Whole Life Insurance is that it can help pay for final expenses, such as funeral costs and outstanding debts. You can also use the cash value to cover living expenses while you're still alive.

Here are some key features of Whole Life Insurance:

You can get coverage for yourself and your family members with Whole Life Insurance. The earlier you buy it, the lower your premiums will be.