Whole Life insurance, sometimes referred to as permanent or interest sensitive life insurance, is more than just life insurance at an affordable price. It combines the guaranteed premiums, coverage, and values that have always been so attractive in whole life insurance with the advantages of cash accumulation at current interest rates.
Our whole life workplace insurance, Employee Life Option Plus, is an endowment at age 95 life insurance policy, which means the face value would be paid to the insured, if living, at age 95. With whole life coverage, the employee chooses the amount of insurance or the amount of premium that best suits their needs and budget.
Employee Life Option Plus is underwritten by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, under Policy Series* ICC20 END-95(ESO)(9/20), END-95(ESO)(9/20) and END-95(ESO)(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 END-95(ESO)(9/20)”. For the Non-Compact states (California, Delaware, North Dakota), it is “END-95(ESO)(9/20)”, or if it is Florida, New York or South Dakota it is "END-95(ESO)(2/21)".