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Whole Life Insurance
Our whole life plan offers dependable lifetime coverage and
guaranteed cash value to help employees during challenging times.
Whether employees want the financial security of a guaranteed death benefit or
access to the plan’s cash value through a policy loan for emergency situations,
whole life insurance has the flexibility to provide both.
Product guarantees n Death benefit stays the same
(as long as premiums are paid and n Cash value increases over time
no loans are taken) n Premiums remain the same
n Face amounts up to $500,000
n Guaranteed issue available
n Non-medical underwriting (no blood profiles or examinations) available for certain age
Attractive underwriting bands and face amounts
n Spouse signature not required for spouse term rider or spouse whole life policy with face
amounts up to $50,000, except in states that require applicant to sign
n Stand-alone spouse and juvenile policies available with no employee policy required
Family coverage options n Spouse term rider (10- and 20-year) available on employee policy
n Children’s term rider available on employee or spouse policy
n Choice of two plan designs based on length of time premiums are paid (Paid-Up at Age 70 and
Paid-Up at Age 100)
n Coverage for broad issue age ranges, up to 79 on Paid-Up at Age 100 plan
n Tobacco-distinct, unisex rates
Competitive features n Accelerated death benefit due to terminal illness
n $3,000 immediate claim payment
n Policy loans available ($250 minimum)
n Policy pays cash surrender value at age 100 (when the policy endows)
n Portability that enables employees to take coverage with them if they change jobs or retire
n Accidental death benefit rider
n Chronic care accelerated death benefit rider
Optional riders n Critical illness accelerated death benefit rider
n Guaranteed purchase option rider
n Waiver of premium benefit rider
Talk with your benefits Product has exclusions and limitations that may affect benefits payable. Benefits and rider options vary by
state and may not be available in all states. See your Colonial Life benefits representative for complete details.
representative to learn more
about whole life insurance. Underwritten by Colonial Life & Accident Insurance Company, Columbia, SC
©2019 Colonial Life & Accident Insurance Company. All rights reserved. Colonial Life is a
registered trademark and marketing brand of Colonial Life & Accident Insurance Company.
ColonialLife.com
WHOLE LIFE (IWL5000) | 6-19 | 101937
