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Affordable Inexpensive Life Insurance from
Physicians Life Insurance Company

a member of the Physicians Mutual Family

If something happened to you, life would go on for your loved ones. But, with last expenses, mortgage payments, remaining debts and other ongoing bills, their lifestyles may not.

At a time when your loved ones are facing life without you, affordable inexpensive life insurance from Physicians Life Insurance Company can help.

What is life insurance?

Life insurance is a contract between an insurance policy holder (customers like you) and an insurer (companies like ours), where the insurer guarantees payment of a death benedit to beneficiaries in exchange for a premium.

How does life insurance work?

Life insurance is chosen based on the needs and goals of the person buying it. You pay a monthly premium for a death benefit insurance policy — term or whole — that is paid to your beneficiary(ies) when you die.

What are the types of life insurance?

There are two main types of life insurance: Whole Life and Term Life.

Whole life insurance is a permanent insurance policy that provides coverage for life and grows in cash value. Term life insurance provides coverage for a set time period and is intended for protecting your dependents if you die while the insurance policy is in effect.

At Physicians Life Insurance Company, we offer you:

  • Whole Life Insurance provides permanent protection you can own for a lifetime, plus it builds cash value (equity) over time.
  • Term Life Insurance provides the most economical protection for a specific amount of time (such as 10, 15 or 20 years).
  • Juvenile Whole Life Insurance is permanent protection that can stay with children through all stages of life — from childhood to retirement — so they can always have the protection they may need.
"My sister had a Physicians Life insurance policy since the 1970s. She passed in 2013. I was very impressed with how fast you paid my sister's claim, which I used to pay her funeral expenses. I'm glad I have life insurance with Physicians Life. You are a wonderful company. Thank you!"

— Joel, P., Ohio
Member of our family since 2010

Get Your Free Insurance Quote!


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If you'd like to talk with someone about your insurance options, we're here to help.

Give us a call at 1-800-589-09291-800-589-0929.

Important Information for Whole Life Insurance policy kinds L730/L732 L730ID/L732IDL730OK/L732OK L730TN/L732TNL730TX/L732TX:
Issuance of this coverage may depend upon the answers to the health questions on your application.
In the event of death by suicide within one year two years of the insurance policy effective date, the death benefit will be a return of premiums paid, minus any money you may have borrowed from the cash value.
Full benefits for suicide are payable unless evidence shows suicide was intended when the application for insurance was made.

Important Information for Modified Whole Life Insurance policy kind L729L729LL729R :
Full Benefits are payable from the first day for accidental death. For non-accidental death during the first two years, benefits are limited to the premiums you've paid plus an extra 10%. After two years of coverage, the full benefit amount (less any outstanding loans against the insurance policy) is paid for death from any cause. This insurance policy pays limited benefits for the first two years. For non-accidental death during the first two years, benefits are limited to the premiums you've paid plus an extra 10%. Full Benefits are payable from the first day for accidental death. After two years of coverage, the full benefit amount (less any outstanding loans against the insurance policy) is paid for death from any cause. Full Benefits are payable from the first day for accidental death. For non-accidental death during the first two years, benefits are limited to the premiums you've paid plus an extra 10%. After two years of coverage, the full benefit amount (less any outstanding loans against the insurance policy) is paid for death from any cause. Suicide during the first two years will result in a refund of premiums paid, if evidence shows that suicide was intended when the application for insurance was made.

Important Information for Term Life Insurance policy kinds L760/L762L760GA/L762GAL760OK/L762OKL760TX/L762TX :
Issuance of this coverage may depend upon the answers to the health questions on your application. Premiums are subject to change annually after the term of the insurance policy's initial guaranteed premium period.
During the first two yearsyear of the insurance policy, a return of premiums is paid for death due to suicide while sane or insane. All other causes of death are paid immediately.

Important Information for Juvenile Life Insurance policy kind L726L726LL726R L726KL726CL726Q :
Coverage amounts are subject to underwriting approval; issuance of this coverage may depend upon the answers to the health questions on the application.
Full benefits are paid from the first day of coverage for any cause of death, except suicide during the first two years, which pays a return of premiums only, less any outstanding insurance policy loans. Full benefits are paid from the first day of coverage for any cause of death, except suicide during the first year, which pays a return of premiums only, less any outstanding insurance policy loans. Full benefits are payable from the first day of coverage for death from any cause, except suicide during the first two years (which pays a return of premium only, less any outstanding insurance policy loans) unless evidence shows that suicide was intended when application for insurance was made.

These products and offers are not available in all states. Please contact us to see what coverage may be available in your area.