Selecting Your Whole Life Insurance Policy From United of Omaha Life Insurance Company or Companion Life Insurance Company
Each of our whole life insurance policies are designed to fill specific needs. By identifying your needs and examining the benefits of each policy, you’ll be able to make an informed, intelligent decision for your future.
First, ask yourself if whole life insurance is the right policy type for you. Whole life insurance covers you for your entire life. Compare this to term life insurance, which covers you for a specific period of time. A whole life insurance policy also builds cash value, which you can borrow against. This cash value is tax-deferred until it is withdrawn.
If you’ve determined that whole life insurance is the best solution for your needs, the next step is deciding which policy offers you the best level of protection based on your situation.
Whole Life Guaranteed
Are you:
- Age 45 to 85*?
- Looking for whole life insurance instead of term life insurance?
- Seeking life insurance that is easy to apply for and does not require a medical exam or health questions?
*In MD ages 55-85. In MO, maximum age is 75. In PA, ages 60-85.
If you answered yes to any of those questions, our Whole Life Guaranteed insurance policy might be the right choice for you. Unlike term insurance, Whole Life Guaranteed provides coverage throughout your entire life, with a premium that never increases.
Whole Life Express
With a Whole Life Express insurance policy, benefits never decrease and rates never increase. As long as your premiums are paid, the policy cannot be cancelled and death benefits from $20,000 - $50,000 (in MA and MT minimum death benefit $5,000 for ages 26-44) are available. You are required to answer several health questions to determine eligibility for coverage – but there is no physical examination. The premiums for our Whole Life Express insurance policy are generally lower than our Guaranteed Whole Life insurance policy. Evaluate your needs to determine whether this insurance policy may be the right fit for you.
What Whole Life Insurance Policy is Right for You?
The best whole life insurance policy for you depends on your personal situation. We offer varying policies to ensure that we have one to meet your needs: Whole Life Guaranteed, Whole Life Express and Children’s Whole Life.
If you need help deciding which whole life insurance policy is best for you, it’s time to talk with one of our agents in your area. Our agents around the country are ready to help you determine which insurance option will best cover the needs of you and your family. Find an agent today.
