Pay and Save, inc. DBA Lowe’s is proud to offer it's team members Whole Life Plus Insurance through Colonial Life
You can’t predict your family’s future, but you can prepare for it. Help give your family more peace of mind and coverage for final expenses with Colonial Life Individual Whole Life Plus insurance.
Advantages of Whole Life Plus insurance
• Permanent life insurance coverage that stays the same through the life of the policy
• Premiums will not increase due to changes in health or age.
• Accumulates cash value based on a nonforfeiture interest rate of 3.75%2
• Policy loans available, which can be used for emergencies
• Benefit for the beneficiary that is typically tax-free
Benefits and features
- Choose the age when your premium payments end — Paid-Up at Age 70 or Paid-Up at Age 100
- Stand-alone spouse policy available even without buying a policy for yourself
- Ability to keep the policy if you change jobs or retire
- Built-in terminal illness accelerated death benefit that provides up to 75% of the policy’s death benefit (up to $150,000) if you’re diagnosed with a terminal illness¹
- Immediate $3,000 claim payment that can help your designated beneficiary pay for funeral costs or other expenses
- Provides cash surrender value at age 100 (when the policy endows)
Additional Coverage Options
- Spouse term rider
- Juvenile Whole Life Plus policy
- Children's term rider
- Accidental death benefit rider
- Chronic care accelerated death benefit rider
- Critical illness accelerated death benefit rider
- and More!
¹ Any payout would reduce the death benefit. Benefits may be taxable as income. Individuals should consult with their legal or tax counsel when deciding to apply for accelerated benefits.