PHMIC Logo
Pharmacists Mutual Pharmacists Mutual Insurance Pro Advantage Services

Twelve Pay Whole Life

The Twelve Pay Whole Life policy is paid up in twelve (12) years and guarantees coverage for the lifetime of the insured. Cash values are 100% guaranteed.

The Twelve Pay Whole Life policy is a great policy for individuals who:

  • want a paid up life insurance policy
  • would like to make a charitable gift to an organization
  • would like to provide permanent protection for children and grandchildren

Specifications

The issue age for this product is age 14 days to age 85 with a $10,000 minimum face amount.

Premiums

Premiums are payable for only 12 years.  Payment options of Annual, Semi-Annual, Quarterly and Monthly (EFT) are available for your convenience.

Riders available for an additional cost and subject to underwriting

  • Disability Waiver of Premium
 
 

Benefits

  • 100% guaranteed cash value
  • Availability to take policy loan
  • Premiums do not increase with age
  • Non-forfeiture options are available to retain benefits if the owner is unable to pay
  • Cash value can be used at retirement to provide income
  • Insurability is protected