Individual Life Insurance Policies | Boston Mutual Life Insurance Company

Permanent life insurance, also known as whole life insurance, lasts for the lifetime of the insured. It provides protection against financial loss caused by the death of the person insured. Usually, it’s a lump sum payment, sometimes known as a death benefit, which is paid directly to a beneficiary. This money can be used to cover final expenses and help replace income that is lost.

Unlike term insurance, whole life insurance builds cash value for your family’s future, which may be available for you to withdraw or borrow against in case of an emergency.

Whole life insurance is coverage that you can count on. As long as you pay your premiums, they will not increase, and the coverage amount will not decrease regardless of changes to your age or health.

Whole life insurance is a key component to responsibly plan and provide peace of mind for both you and your loved ones.

Our Individual Life Insurance Plan Options

The following life insurance plans are available to individuals and their families through our General Agencies sales division.

Permanent Life Insurance Plan: Infinite Life

The Boston Mutual Life Insurance Infinite Life plan provides affordable, permanent life insurance protection for you and your family. Premiums remain the same regardless of your age or changes in your health status. The Infinite Life plan builds guaranteed cash value that increases each year and can serve as an important part of your family’s long-term financial strategy by addressing a lifetime of ever-changing needs. The cash value can be used for any purpose you choose. Infinite Life policyholders are also eligible to receive annual policy dividends, when issued by the company, which may be used to reduce premiums, purchase additional coverage or build the cash value of your policy. The Infinite Life plan makes it easy for you to purchase the level of life insurance that is right for you up to $250,000. You can elect up to $100,000 in coverage without having to complete a physical exam or submitting medical records. Your life insurance policy provides coverage for as long as you live or until it is canceled. You have the option to choose the mode and frequency of premium payment (monthly EFT, quarterly, semi-annual or annual) that best suits your needs.

Life policies are underwritten by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, under Policy Series* ICC21 OL-21, OL-21, OL-21 CA, OL-21 (FL), and OL-21 ND, subject to state availability. Product offerings may vary depending on state laws and regulations. This information is not intended to be a complete description of the insurance coverage available. Policies have exclusions and limitations which may affect any benefits payable. For complete details of coverage and availability, please refer to the policy form or contact your Boston Mutual Life Insurance representative. Value-added services are not insurance and are offered only on specific lines of coverage. Boston Mutual Life Insurance is not responsible or liable for care, services, or advice given by any provider or vendor of the Services. Boston Mutual Life Insurance reserves the right to discontinue any of the Services at any time. *For the Compact it is “ICC21 OL-21”. Variations for Non-Compact states (California, Delaware, Florida, North Dakota, South Dakota).

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Permanent Life Insurance Plan: Legacy Life Select

The Boston Mutual Life Insurance Legacy Life Select plan provides permanent life insurance coverage for federal, state, and municipal employees and their family members actively at work or in school. This plan offers peace of mind for those individuals looking to protect the financial security for their loved ones. It offers coverage for your entire family through a simple and easy application. The Legacy Life Select plan provides up to a quarter of a million dollars of coverage to help protect your family against financial hardship.

Life policies are underwritten by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, under Policy Series* ICC20 E-98 (11/20), E-98 (11/20), and E-98 (2/21), subject to state availability. Product offerings may vary depending on state laws and regulations. This information is not intended to be a complete description of the insurance coverage available. Policies have exclusions and limitations which may affect any benefits payable. For complete details of coverage and availability, please refer to the policy form or contact your Boston Mutual Life Insurance representative. Value-added services are not insurance and are offered only on specific lines of coverage. Boston Mutual Life Insurance is not responsible or liable for care, services, or advice given by any provider or vendor of the Services. Boston Mutual Life Insurance reserves the right to discontinue any of the Services at any time. *For the Compact it is “ICC20 E-98 (11/20)”. For the Non-Compact states (California, Delaware, North Dakota), it is “END-95(ESO)(9/20)”, or if it is Florida or South Dakota it is "END-95(ESO)(2/21)".

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Permanent Life Insurance Plan: Legacy Life Express

The Boston Mutual Life Insurance Legacy Life Express plan is permanent life insurance protection for you and your family. The protection you purchase under the Legacy Life Express goes beyond burial insurance; it can provide up to a quarter of a million dollars’ worth of coverage to help secure your family’s future. The cash value accumulated by the policy can be used to help you fund your children’s education or supplement your income. It’s easy to apply for the Legacy Life Express. Simply answer a few medical questions. Your entire family can apply for this life insurance coverage.

Life policies are underwritten by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, under Policy Series* ICC21 OL-21, OL-21, OL-21 CA, OL-21 (FL), and OL-21 ND, subject to state availability. Product offerings may vary depending on state laws and regulations. This information is not intended to be a complete description of the insurance coverage available. Policies have exclusions and limitations which may affect any benefits payable. For complete details of coverage and availability, please refer to the policy form or contact your Boston Mutual Life Insurance representative. Value-added services are not insurance and are offered only on specific lines of coverage. Boston Mutual Life Insurance is not responsible or liable for care, services, or advice given by any provider or vendor of the Services. Boston Mutual Life Insurance reserves the right to discontinue any of the Services at any time. *For the Compact it is “ICC21 OL-21”. Variations for Non-Compact states (California, Delaware, Florida, North Dakota, South Dakota).

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Individual Life Insurance FAQs

What is Permanent Life Insurance? (Whole Life Insurance)

Permanent life insurance, also known as whole life insurance, lasts for the lifetime of the insured. It provides protection against financial loss caused by the death of the person insured. Usually, it’s a lump sum payment, sometimes known as a death benefit, which is paid directly to a beneficiary. This money can be used to cover final expenses and help replace income that is lost.

How is permanent life insurance different than term life insurance?

Whole life insurance is more than just life insurance at an affordable price; it combines guaranteed premiums and coverage with the advantages of cash accumulation at current interest rates. With whole life coverage, you choose the amount of insurance or the amount of premium that best suits your needs and budget.

Term life insurance is an option that allows for the purchase of high benefit amounts. Term life insurance offers financial support of a loss only during a specified period. The premiums may be lower than whole life insurance premiums, but it won’t offer coverage for your entire life.

How should I choose the right permanent life insurance policy for me?

Purchasing life insurance can inspire you to take a closer look at your overall financial situation and plan for the future. There are many coverage options to choose from and we are here to discuss your goals and budget to help find the right plan for you.

Get Started with a Life Insurance Plan Today!

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