(833) 915-0861

Whole Life Insurance

Life insurance is a gift to protect your family from the burden of final expenses. Whole life insurance is a permanent life insurance policy which is guaranteed to remain in force for the insured’s entire lifetime with consistent premiums and a guaranteed return on the policy’s cash value. Give a gift for a lifetime and protect your family (you and your spouse, children and grandchildren).

Plans start as little as $5 a month.

Learn More

What is Whole Life Insurance?

Life insurance is a gift to protect your family from the burden of final expenses. Whole life insurance is a permanent life insurance policy which is guaranteed to remain in force for the insured’s entire lifetime with consistent premiums and a guaranteed return on the policy’s cash value.

Whole Life Insurance

Coverage for Your Entire Life

Tax Free Death Benefits

Borrow Against the Cash Value

Death Benefit

Survivor Needs
Mortgage Protection
Household Expenses
Wealth Transfers
Children’s Education Needs
Charitable Giving
Other Family Obligations

Cash Value

Supplement Retirement
Home Down Payment
Educational Expenses
Emergency Funds
Collateralizing A Bank Loan
Paying Policy Premiums
Other Family Obligations

*Product Features and Benefits

Minimum/Maximum
Benefit Face Amounts

Employee and spouse policy: $5,000–$75,000
Juvenile policy: $10,000–$25,000

Other Benefits or Riders

Accelerated Death Benefit Rider–Terminal Illness*

Standalone Coverage for Family Members

Yes, standalone coverage for spouse, children, and/or grandchildren is available (in an amount equal to or less than the employee coverage)

Portability

Yes

Benefit Reductions

None

Plan Termination

At maturity date

Additional Benefit Details

Accelerated Death Benefit Rider–Terminal Illness*

This rider provides for payment of an accelerated death benefit of up to 50% of the death benefit if the insured is diagnosed with a terminal illness. Terminal illness means a medical condition that, in the opinion of a physician, is reasonably expected to result in a life expectancy of six months or less.

* Automatically included in the base plan
* Kemper Health is the brand name for insurance products issued by subsidiary insurance companies controlled by Kemper Corporation. Each subsidiary of Kemper Corporation is solely responsible for the insurance products it underwrites and issues. The underwriting company for the Whole Life Insurance Product is Reserve National Insurance Company, which is responsible for the underwriting risks, financial and contractual obligations and support functions associated with the products it issues. This only a summary of the Whole Life Insurance product, which is subject to the policy’s terms, conditions, limitations and exclusions. Please see the specific policy and certificate for details.

How Does Whole Life Insurance Work?

entire life whole life insurance

Get life insurance coverage for your entire life

whole life fixed payments

Get fixed payments that remain the same, even as you get older or your health declines

dollar bills stacked

Accrues cash values or dividends, depending on the policy

hand under a dollar sign

Allows you to borrow against the cash value, often at a favorable rate

bar graph arrow pointing up

Cash value can accrue on a tax deferred basis, according to current tax laws

u

FAQs

Why should I consider a Whole Life insurance plan?

The Kemper Health Whole Life insurance plan can provide permanent protection for as long as you pay the premiums. Whole Life insurance offers fixed premium with a guaranteed death benefit and is also designed to build tax-deferred cash value.

What’s the difference between Whole Life and Term Life?

Whole Life insurance is designed to provide coverage on the insured for the insured’s entire life as long as premiums are paid and the policy has not been surrendered. On the other hand, Term Life insurance provides coverage only for the fixed period stated in the policy.

Do my premiums increase?

No, the premium is fixed at the age you purchase the coverage. Premiums will not increase based on age or health status.

What is “Cash Value” and how does it differ from the face amount of the Whole Life policy?

The face amount is the amount of the benefit you wish to provide your beneficiaries in the event of death. The cash value is the value that builds up in the policy. The minimum cash values are set by insurance law and reflect an accumulation of a portion of your premiums after allowances for company expenses and claims.

How does the cash value of my policy grow?

This policy builds a cash value at the guaranteed interest rate of 4.5%, and will increase throughout the life of the policy as long as premiums are paid.

May I borrow money from my Whole Life policy?

Yes, to the extent that there are sufficient funds in the cash value to secure the loan. There will be a waiting period of two years before a loan is available. If the policy owner borrows from the policy, the cash value is used as collateral, and interest is charged at a rate of 6% as specified in the policy. Any money owed on an outstanding policy loan is deducted from the benefits payable upon the insured’s death or from the cash value if the policy owner surrenders the policy
for cash.

How does the Terminal Illness benefit work?

This benefit provides for a payment of an accelerated death benefit of up to 50% of the face amount if the insured is diagnosed with a terminal illness. Terminal illness means a medical condition that, in the opinion of a physician, is reasonably expected to result in a life expectancy of six months or less. Upon death, the remaining face amount is payable.

When does Kemper’s Whole Life insurance coverage begin?

Coverage begins on the effective date of the plan.

How do I file a claim?

You may call the Kemper Service Center at 844.613.6245, Monday – Friday 8:00 a.m. to 5:00 p.m. Central Time  and request a claim form if you are unable to find your policy paperwork. The completed claim form may be sent to Kemper Health P.O. Box 9988 Austin, TX 78766-9988 or Fax: 844.473.8084. It’s that easy!

How do I enroll in the plan?

To enroll in Whole Life Insurance, click the “Quote” button at the top of this page or  you may also contact the call center and talk to a trained counselor to answer your questions. Our Customer Care Team is available at 833.915.0861, Monday-Friday, 9 a.m. to 9 p.m. Central.

Contact Us

Ask a Question!

Call Toll-Free:

(833) 915-0861