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.
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 to 50% at the later of age 70 or 25 years.
- The vesting period for cash value is 10 years and earns interest at 4.5%.
- 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.
- Permanent life insurance protection for your whole life.
- Premiums are based on rates for your age at the time you elect the policy and never increase.
- Waiver of premium is included in the event of total disability.
- Enroll when initially eligible, and you may then increase coverage up to $100,000 for yourself and $30,000 for your spouse at subsequent Open Enrollments with no health questions.
Definition of Eligible Child
"Child" means any child (from live birth) to age 26 who is:
- Your own natural offspring;
- Your Spouse's child;
- Your legally adopted Child or a child who is lawfully placed with you for legal adoption by you;
- A foster Child placed with you by an authorized placement agency or by judgment, decree or other order of any court of competent jurisdiction.
Coverage for Child may be continued past age 26 if the Child is incapable of self-sustaining employment due to permanent intellectual or physical incapacity prior to reaching age 26 and is dependent upon you for support and maintenance.
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 |
2025 and 2026 Unum Whole Life Policies
It is generally recommended that existing 2025 Unum policies be retained because of the cash value accumulated. The 2026 Unum whole life policies are not intended to replace the 2025 plans. They are offered in addition to the 2025 Unum whole life plans. Questions about your Unum policies? Contact Unum at 800-858-6843.
