If you’re looking for the best life insurance policy for you, you need to consider your budget and your financial needs. We’ve created this quick comparison chart to help you make an informed decision.
| Life Insurance Products At A Glance | Whole Life | Term Life | Universal Life |
|---|---|---|---|
| Protection that can last up to your entire lifetime* | |||
| Premium that never increases | |||
| Cash Value that can be used for any reason during your lifetime | |||
| Flexibility to adjust premium payment amounts and frequency | |||
| Ability to increase or decrease the Death benefit amount | |||
| 10-, 15-, 20-, or 30- year duration to cover short-term needs | |||
| Opportunity to convert to a Permanent policy later | |||
| Our products can be customized to meet your needs. Please call or contact an agent to see which best suits you. | Get my Quote | Learn More | Contact an Agent |
Our Whole Life Insurance is a common option among retirees, pre-retirees, and anyone age 45-85 who wants reliable, guaranteed protection. People often purchase whole life insurance in order to:
Universal life is popular among individuals who are just entering their prime earning years, as well as investment-savvy people who are willing to take on some additional risk. People often purchase universal life insurance to:
“Having coverage for my final expenses helps give me some peace of mind that I won’t burden my family. I’m glad we have a plan in place. I have some health concerns, so it was important for me to be able to get life insurance without a medical exam.”
“I have a young family and I want to make sure they are protected. I need to make sure if something happens that my family can pay for our house and expenses. Term insurance gives me more coverage to help take care of my kids, with low premiums that fit my budget.”
“I feel financially secure. I have maxed out my contributions to my retirement plan and am looking for additional ways to potentially accumulate money that could be used as a source of tax-favored income during my retirement.”
The situations described above portray a situation our customers may have faced or could face. They do not depict any actual person or event.
You may also be interested in:Allows you to give the gift of long-term protection for a child or grandchild up to age 17.
Helps provide guaranteed financial support for your loved ones if you die in a covered accident.
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* As long as the required premiums are paid
Product base plans, provisions, features and riders may not be available in all states and may vary by state.
Accidental Death (DTC)
Policy Form E42AD-20348 or state equivalent. In NC, E42AD-20390; in NM, E42AD-20469; in NY, E45AD-20387; in OK, E42AD-20393; in PA, E42AD-20472; in TX, E42AD-20421; in WA, E42AD-20444; in VA, Policy Form E42AD-20415, Application MA5918-44.
Master Policy Form M40AD-20438, Certificate Form C42AD-20489 (or state equivalent).
Children's Whole Life
Policy Form ICC17L154P or state equivalent. In FL, D653LFL17P.
Guaranteed ADvantage
Policy Form 50AD-23949 or state equivalent. In FL, 50AD-23954; In ID, 50AD-23991; In NC, 50AD-23955; In NY, 50AD-23980; In OK, 50AD-23972; In OR, 50AD-23987; In PA, 50AD-23965; In TX, 50AD-23952; In WA, 50AD-23979.
Guaranteed Whole Life (DTC)
Policy form ICC18L198P or state equivalent. In FL, D787LFL19P. In NY, 1002Y-0119.
Motor Vehicle Accidental Death Rider Form C783LNA09R (C787LFL09R in FL, C791LLA09R in LA, C794LNC09R in NC, C799LOK09R in OK, C800LOR09R in OR, C818LPA09R in PA, C801LTX09R in TX) or state equivalent.
Income Advantage℠
GPT Sex Distinct: Policy Forms ICC15L123P or state equivalent. In FL, D501LFL14P.
GPT Unisex: Policy Forms ICC15L124P or state equivalent. In FL, D502LFL14P.
Indexed Universal Life Express℠
Sex Distinct: Policy Forms ICC19L190P or state equivalent. In FL, D776LFL19P.
Unisex: Policy Form ICC19L191P or state equivalent. In FL, D777LFL19P.
Life Protection Advantage℠
Sex Distinct: Policy Forms ICC17L152P or state equivalent. In FL, D622LFL17P.
Unisex: Policy Forms ICC17L153P or state equivalent. In FL, D623LFL17P.
Living Promise Whole Life Insurance
Level Benefit Policy Form: ICC12L080P or state equivalent. In FL, D354LFL12P.
Graded Benefit Policy: ICC12L081P or state equivalent. In FL, D355LFL12P.
Term Life Answers
Term Life Answers 10, 15, 20 – ICC16L145P or state equivalent. In FL, D601LFL16P.
Term Life Answers 30 – ICC16L144P or state equivalent. In FL, D600LFL16P.
Term Life Express 10, 15, 20, 30
Full Guarantee
10-year level term: ICC13L116P or state equivalent. In FL, D470LFL13P.
15-year level term: ICC13L116P or state equivalent. In FL, D470LFL13P.
20-year level term: ICC13L116P or state equivalent. In FL, D470LFL13P.
20-year level term with return of premium: ICC13L117P or state equivalent. In FL, D472LFL13P.
30-year level term: ICC13L116P or state equivalent. In FL, D470LFL13P.
30-year level term with return of premium: ICC13L117P or state equivalent. In FL, D472LFL13P.
This is a solicitation of insurance. A licensed agent/producer may contact you.
Coverage may not be available in all states and may vary by state.
All guarantees subject to the financial strength and claims-paying ability of the issuing company. Each company is responsible for its own financial and contractual obligations.
This life insurance does not specifically cover funeral goods or services, and may not cover the entire cost of your funeral. Your beneficiary may use the proceeds for any purpose, unless otherwise directed.
Life Insurance and annuities are underwritten by United of Omaha Life Insurance Company, 3300 Mutual of Omaha Plaza, Omaha, NE 68175. United of Omaha is licensed nationwide except in New York and does not solicit business in New York. In New York, Companion Life Insurance Company, Melville, NY 11747 underwrites life insurance and annuities.
Policy Exclusions/Limitations: The death benefit will not be paid if the insured’s death results from suicide, while sane or insane(not applicable in MN), within two years from the date of issue(one year in ND and MN). Instead, we will pay the sum of the premiums paid since issue, less any loan and loan interest due and any withdrawals. Exclusions and limitations may vary by state.
Life insurance and annuity products are not a deposit, not FDIC insured, not insured by any Federal government agency, not guaranteed by the bank, not a condition of any banking activity, may lose value and the bank may not condition an extension of credit on either: 1) The consumer's purchase of an insurance product or annuity from the bank or any of its affiliates; or 2) The consumer's agreement not to obtain, or a prohibition on the consumer from obtaining, an insurance product or annuity from an unaffiliated entity.
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