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Whole life insurance is designed to provide you coverage for your entire life as long as premiums are paid. This differs from term life insurance which is designed to provide coverage for only a fixed period of time.
Yes. Your your death benefit coverage is guaranteed to remain level and will never be reduced, as long as premiums are paid, regardless of future changes in your age, health or occupation.
This program is only available with premiums automatically withdrawn from your checking or savings account via Pre-Authorized Check (PAC) or via recurring credit card transactions (debit cards are not acceptable). Please have your account information ready at the time you apply.
With a whole life product, your premium is guaranteed to remain level and will never increase.
For a whole life product, after your first year of coverage, your policy begins to accumulate a guaranteed cash value, or money that is available should there ever be a need for cash as long as premiums are paid. The amount of cash value available is dependent upon your age, the policy benefit amount and how long you have had your policy.
If on the same day the application you completed on this website is approved, your life insurance policy will be effective immediately - unless you apply on the 29th, 30th or 31st of the month, then your coverage will be effective as of the 28th of the current month. If on the same day the application you completed on this website is not approved and requires additional information, your life insurance policy will be effective the date the application is approved by the Company. The policy will be provided to you. If the application is not approved, a letter of declination will be sent to you.
The full benefit amount will go to the beneficiary of your choice. You can choose your spouse, relative, friend or other loved one. And, it is paid free of federal income tax.
The process is very simple. There are no medical exams, and you won’t need to meet with an insurance sales agent. After you have determined the amount of insurance coverage that you want, simply click on one of the links that is on this website to the online application, provide your demographic information, answer the medical questions, identify your beneficiary, select the payment option that is right for you and electronically sign the application. EMCNL will notify you whether or not you qualify for the coverage, and if you do, the policy will be provided to you.
At any time within 30 days after receipt of the policy, if you are not completely satisfied, you have a guaranteed right to cancel the policy for any reason. Simply return the policy to EMCNL. Any premium paid will be refunded in full by EMCNL, no questions asked.
If you have any questions, please contact our call center representatives at 1-800-232-5818.
Youth Whole Life is a continuous pay product. This means you will have to pay for the policy as long as you want coverage.
As early as 14 days up until age 17.