Get a Whole Life Quote: 

 
Physicians Life Insurance Company

Or give us a call at 1-800-589-0929


Whole Life Insurance

Choosing the right coverage is important. That's why Physicians Life Insurance Company offers you options for whole life insurance to help meet your family's needs — now and for the rest of your life.

Our Guaranteed Modified Whole Life Insurance is designed to help pay last medical bills, as well as to help cover remaining debts and expenses.

Our High Benefit Whole Life Insurance is designed to help pay funeral costs, last medical bills, and remaining debts and expenses, plus it offers extra protection to help with mortgage payments, college tuition, income replacement — whatever your family needs to help maintain the lifestyle you worked so hard to provide.

Not sure which coverage option may be best for you? Call us at 1-800-589-0929. We'll be happy to answer your questions and help you sort out the details, so you only get the coverage that's right for you and your family.

Tip: Download your free copy of our Final Wishes Planner and use it to list your personal wishes and important records. By doing this now, you can help make a difficult time easier for your loved ones. Keep the planner with your other important documents, or give it to someone you trust for safekeeping.

 

Features

Guaranteed Whole Life

modified benefits for last expenses

High Benefit Whole Life

benefits for bigger financial obligations
Length of Coverage Lifetime Lifetime
For Ages 45 — 80* 22 — 80
Benefit Amount Up to $10,000** Up to $2,000,000
Designed to Help
  • Pay last medical bills
  • Cover remaining credit card and other debts
  • Strengthen existing life insurance coverage
  • Pay burial and final expenses
  • Pay last medical bills
  • Cover remaining credit card and other debts
  • Replace lost income
  • Cover household expenses
  • Pay off mortgage
  • Pay college tuition
  • Provide funds for charitable giving or to leave a legacy
Builds Cash Value Yes Yes
Pays on Top of Other Insurance Yes Yes
Cost Locked in for life (never increases) Locked in for life (never increases)
Discounts Save $1 on renewal rates every month when you sign up for Automatic Bank Withdrawal Save $1 on renewal rates every month when you sign up for Automatic Bank Withdrawal
Guarantees You have the right to:
  • Permanent protection that lasts your lifetime, as long as you make payments on time
  • Borrow from the cash value if needed
  • Benefits that never go down and a cost that never goes up
  • Graded death benefits during the first two years since you cannot be turned down because of your health past or present.
  • Review your insurance policy for 31 days with no obligation — and receive a full refund if you choose to cancel
You have the right to:
  • Permanent protection that lasts your lifetime, as long as you make payments on time
  • Borrow from the cash value if needed
  • Benefits that never go down and a cost that never goes up
  • Full benefits payable on the first day of coverage in exchange for having health questions on the application***
  • Review your insurance policy for 31 days with no obligation — and receive a full refund if you choose to cancel
Help at Your Fingertips
Or give us a call at 1-800-589-0929
Contact us
 

Important Information for Guaranteed Modified Whole Life Insurance:

* In MO: Age 45 — 75

** In MI: "This policy pays a return of premiums plus 10% interest in the first two years for death due to natural causes.

We can issue only one insurance policy of this type on a guaranteed issue basis.

In MI: 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 policy) is paid for death from any cause.

In MO: 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 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.

In all other states: 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 refers to insurance policy kind L729 (OK: L729L; TX: L729R).

Important Information for High Benefit Whole Life Insurance:

***Issuance of this coverage may depend upon the answers to the health questions on your application.

In CO, ND: In the event of death by suicide within one year 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.

In MO: In the event of death by suicide within 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.

In all other states: In the event of death by suicide within 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.

This refers to insurance policy kinds L730/L732 (ID: L730ID/L732ID; OK: L730OK/L732OK; TN: L730TN/L732TN).

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