Whole Life Insurance

A solution that lasts a lifetime

Why Lumico Whole Life?

Whole life insurance, also known as traditional life insurance lasts for an insured's lifetime, as opposed to term life insurance which is for a specific number of years. It provides permanent death benefit coverage for the life of the insured. In addition to paying a death benefit, whole life insurance also contains a savings component in which cash value may accumulate.
Lumico Whole Life insurance is a simple protection solution with affordable premiums and guaranteed cash value. On top of lifelong protection, qualified applicants receive instant decision and immediate coverage.
cash value

Cash value accumulation

tax free

Tax-free interest1


Guaranteed premiums

Product Specifications

Issue Ages

18- 70

Minimum face amount


Maximum face amount

$1,000,000 for ages 18-64
$250,000 for ages 65-70

Cash values

  • All values guaranteed
  • Cash value equals face amount at age 121 and is paid to the owner if insured is still alive and policy is still in force
  • Cash value can be accessed via policy loan (no partial surrenders)

Premium structure

  • Level and payable to age 120
  • Premiums guaranteed for life of policy

Premium frequency

Annual, semi-annual, quarterly, monthly

Rider options


  • Accelerated Death


  • Accidental Death
  • Dependent Death



*You can replace your existing life insurance policy with a new Lumico life insurance policy.

For complete coverage information, download a copy of our Whole Life fact sheet.

Did you know?

As you continue to pay premiums, you can borrow against the cash value, tax-free. That means, you’ll have extra funds for all of your financial needs, whether planned or unexpected.

Whole Life can give peace of mind to your loved one.

Save for a comfortable


help send your children to


Leave your family a financial


1Any discussion of taxes is for general and informational purposes only; does not purport to be complete or cover every situation; and should not be construed as legal, tax or accounting advice. Clients should confer with their qualified legal, tax and accounting advisors as appropriate.

For help with your Whole Life insurance policy,
please contact our life insurance customer care team on 1-866-440-4047.

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