Whole Life Insurance
Unum’s whole life policy provides permanent life insurance protection and once you have bought the coverage, your cost won’t increase as you age. The benefit amount stays the same too, during your working years and into retirement.
Whole life insurance also builds cash value at a guaranteed interest rate, and you can borrow from the cash value or buy a smaller, paid-up policy with no more premiums due.
Employee: $10,000 to $250,000 in $10,000 increments
Spouse: $10,000 to $50,000 in $10,000 increments
- Employee coverage required
Child(ren): $10,000 or $20,000
- Not to exceed 100% of employee amount
Plan Provisions
- The benefits reduce at the later of age 70 or 25 years.
- The vesting period for cash value is 10 years.
- The plan includes an accelerated death benefit, or a living benefit for diagnosis with a terminal illness.
- Employees and spouses up to age 75 are eligible to enroll.
Premium Examples - Employee
| Non-Tobacco | $25,000 | $50,000 |
| Age 25 | $15.85 | $31.70 |
| Age 35 | $18.95 | $37.90 |
| Age 45 | $28.13 | $56.25 |
| Age 55 | $49.93 | $99.85 |
For Employees Who Have a Unum Whole Life Policy:
The new Unum whole life insurance plan, effective January 1, 2026, is not intended to replace the current policy. Employees with current Unum whole life coverage will retain your existing policies through payroll deduction. It is generally recommended that existing policies be retained because of the cash value accumulated. Employees with current whole life coverage are also eligible to elect coverage with the new plan. The new Unum whole life insurance plan is lower in cost than the existing whole life policies.
