Physicians Life Insurance Company® —
a member of the Physicians Mutual family
Modified Whole Life Insurance
Protection your family can count on when they need it the most.
Guaranteed coverage as long as you’re age 45-85
Up to $30,000 to help your loved ones during a difficult time
Easy to apply — no health questions and no medical exam
Reliable coverage with value
Why is this coverage important? You never know what tomorrow will bring.
This affordable life insurance can help give your family peace of mind.
Lowest rate locked in
Save by locking in your lowest rate today — if you wait, your rate will increase as you age.
Lifetime protection
This is permanent protection that is guaranteed to last a lifetime, as long as premiums are paid on time.
Builds cash value
This coverage has the added benefit of cash value as it matures. It’s a living benefit you can borrow against later on, if needed.
Your guaranteed protection can be used to help pay for:
Top 7 reasons you need life insurance
Protecting your future starts with important decisions — like getting life insurance.
Still wondering how important it truly is? These top reasons make it clear.
Get a better understanding of life insurance
Our Life Insurance Help Center simplifies complex topics like planning for your family’s future and information to help you make important decisions.
Visit the Help Center
Grab your copy of our free Final Wishes & Planning kit
You’ll get even more details about this coverage, so you can make the best decision for you and your loved ones.
Get My PlannerSee our high customer satisfaction and Forges ratings
Forbes names Physicians Mutual one of America's Best Insurance Companies for 2025
"2025 America's Best Insurance Companies," Forbes.com, September 24, 2024. This rating is for our term and permanent life insurance products.
Forbes names Physicians Mutual one of America's Best Insurance Companies for 2025
"2025 America's Best Insurance Companies," Forbes.com, September 24, 2024. This rating is for our term and permanent life insurance products.
Physicians Mutual has a 95% customer satisfaction rating
Physicians Mutual® Customer Satisfaction Survey, 2022, conducted by Wiese Research Associates
Physicians Mutual has a 95% customer satisfaction rating
Physicians Mutual® Customer Satisfaction Survey, 2022, conducted by Wiese Research Associates
Other life insurance options
Modified whole life insurance
Children's life insurance
Trees In Memory: A Lasting Legacy
To honor the memory of your loved one, Physicians Life Insurance Company will plant a tree in a forest habitat in great need of regeneration.
Carried out in partnership with the Arbor Day Foundation, the Trees in Memory Program is helping restore and sustain woodland ecosystems across America that have been affected by hurricanes, wildfires and other disasters. These trees serve as a living memorial and benefit the area for years.
910,616+ trees planted (and growing!)
30 different U.S. forest ecosystems restored
20+ years of planting trees through our partnership with the Arbor Day Foundation
Strength and stability
Reliable and secure
Assets and claims
Est. 1902
31-Day Money-Back Guarantee
Top frequently asked questions
Underwritten insurance policies do not have a waiting period before death benefits will be paid. However, there may be a contestability period. Coverage in which acceptance is guaranteed may have a limited benefit period where full benefits are not payable due to natural death for a period of time. Insurance in which acceptance is guaranteed likely has a limited benefit period before full benefits may be payable due to a natural death.
Most life insurance policies build cash value. The rate at which cash value accrues may vary based off insurance policy type, face amount and age at the time the insurance policy is issued. Please see the insurance policy or call our customer service line at 1-800-228-9100 for cash value specific to your insurance policy.
Whole life insurance is coverage which remains in force during the policyowner’s entire lifetime. Term life insurance is when the benefit is payable only if the policyowner dies during a specific period of time.
Additional resources
Looking to take control of your final expenses? Life insurance can help.
It’s usually better to be proactive rather than reactive. Learn how life insurance can help give your family peace of mind and help you plan for final expenses like outstanding medical bills, debts, and funeral costs.
Have your insurance needs changed?
If you’ve been curious about a life insurance policy or are hoping to give your family financial security, read more about how life insurance can help you plan for the future.
Final Expense Insurance
Are you considering life insurance or final expense insurance? Consider these common questions and answers before making your final decision!
