Whole Life Insurance

A solution that lasts a lifetime

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.

Product Specifications

Issue Ages

18- 70

Minimum face amount

$30,000

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