Whole Life Insurance

Will your loved ones have what they need for final expenses once you are no longer here to care for them?

Make the Right Decision with Life Insurance Protection You Can Keep to Age 100.

Our UnionCare Whole Life Insurance Plan is designed for individuals and their spouses who are between the ages of 50 to 80 years old. Unlike term life insurance policies which end after a specified time period, the UnionCare Whole Life Insurance Plan offers coverage to age 100 and builds cash value along the way. Even if you become uninsurable due to health or personal circumstances in the future, you can still count on these important benefits to be there when your loved ones need them.

During these difficult economic times, you should take additional measures to protect your loved ones. It's more important now to try to maintain the feeling of safety and financial security you may have previously enjoyed. That’s why Union Labor Life has arranged to offer you this important Whole Life Insurance Plan.

BENEFITS AND FEATURES

1. Up to $15,000 in coverage: You and your spouse ages 50-80 years old can select up to $15,000 in coverage, whatever best meets your needs and budget.
2. Your benefits will not decrease: Unlike other plans, your benefits remain level throughout the life of your coverage. Benefits remain as long as you pay your premiums as agreed and the coverage remains the same for everyone under this plan in your state.
3. You can never be singled out for a rate increase: Your premiums will not be raised for increasing age or a change in your health throughout the duration of your coverage. Rates can only be changed if they are changed for everyone in your state under this Plan.
4. Protection continues to age 100: You will no longer have to worry about becoming uninsurable in the future. Your policy will not be cancelled as long as premium payments are made on time. You own this protection. The full face amount of your policy will be paid when you reach age 100.
5. Automatic Premium Loan¹: In addition to building cash value, the plan offers an important special feature. Choose the Automatic Premium Loan provision by checking the box on your application to help you avoid missing a premium payment due to an illness, a vacation, or even if you just forget. If your policy builds cash value, we will be able to draw against that amount to make the premium payment for you.
6. Collect for organ transplant² or terminal illness³: You can choose to obtain a $2,000 organ transplant benefit should you receive a heart, lung, or liver transplant. Or if you’re diagnosed with a terminal illness and meet certain conditions, you can choose to receive up to 100% of your insurance benefit while you’re still alive⁴. These benefits are yours to use any way you see fit, and are included in the base rate at no additional cost to you.
7. Strike Waiver of Premium⁵: A special benefit designed for active union members-which pays your premiums for up to a full year in the event of a union-sanctioned Strike or Lockout as a result of a Labor Dispute lasting 30 or more days. 
8. Your Right to Review: Once you receive your Policy of Insurance, examine it carefully. If you’re not 100% satisfied for any reason, you may cancel anytime, with no further obligation. Even after you pay your first premium, you still have 30 days from the Policy's Effective Date to return it for a full refund.

¹Utilization of the Automatic Premium Loan Provision reduces built-up cash values and the death benefits.
²Organ Transplant Rider currently not available in: CA, CT, FL, KS, ME, MD, MA, MN, MT, NH, NY, OR, VT, VA, WA
³Terminal Illness Rider currently not available in: CA, FL, MT, NY, OR
⁴Fees may apply.
⁵Strike Waiver of Premium currently not available in: CA, CO, CT, ME, MD, MA, MO, MT, NY, SC, TN, VT, VA, WA

EXCLUSIONS

SUICIDE: Suicide is not covered in the first two years of the coverage. In Colorado, Missouri and North Dakota, suicide is not covered in the first year of coverage. In cases of suicide, benefits are limited to a return of premiums paid without interest. Injury, illness, accidents and all other causes of death are covered.

This is a simplified Description of Benefits. This is not an Insurance Policy or Certificate. Benefits are administered according to the provisions of the Policy and premiums are charged according to the filed and approved rates. The information contained in this explanation is representative only, and in all cases reference to the Insured’s Policy is required. Some provisions, benefits, exclusions or limitations listed herein may vary depending on state of residence.