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Underwritten by Physicians Life Insurance Company

a member of the Physicians Mutual Family

Questions? Call us at 1-800-589-09291-800-589-0929 or We'll Call You Now

Affordable Inexpensive Whole Life Insurance

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

What is whole life insurance?

Whole life insurance is coverage you can own your entire life. It guarantees payment of a death benefit to beneficiaries in exchange for a premium. It also accumulates equity, so you can borrow against the cash value if needed.

Does whole life insurance expire?

No. Whole life insurance is protection for life — it won't expire or go down in value.

Who is whole life insurance for?

Whole life insurance is for anyone at any stage of life because it can offer permanent protection.

What are the differences between our modified whole life and traditional whole 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.

Features Guaranteed Whole Life - Modified benefits for the last expenses
Length of Coverage Lifetime
For Ages 45 — 80*
Benefit Amount Up to $10,000**
Designed to Help
  • Pay last medical bills
  • Cover remaining credit card and other debts
  • Strengthen existing life insurance
Builds Cash Value Yes
Pays on Top of Other Insurance Yes
Cost Locked in for life (never increases)
Discounts 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 cash value if needed
  • Benefits that never go down and a cost that never goes up
  • Graded death benefits during the first two years
  • Review your insurance policy for 31 days with no obligation — and receive a full refund if you choose to cancel

Our High Benefit Whole Life Insurance offers benefits for bigger financial obligations. This coverage 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.

Three key differences with our High Benefit Whole Life insurance policy

  • Ages — 22-80
  • Benefit amount — up to $2,000,000
  • Guarantee — full benefits payable on the first day of coverage in exchange for having health questions on the application***

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 Guaranteed Modified Whole Life Insurance L729 (OK: L729L; TX: L729R):
* 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.
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. 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. 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.

Important Information for High Benefit Whole Life Insurance L730/L732 (ID: L730ID/L732ID; OK: L730OK/L732OK; TN: L730TN/L732TN; TX: L730TX/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 two years (in CO & ND: 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 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.

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