Life Insurance and Endowments Details

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Please contact the UNA home office or a UNA agent or branch secretary if you have any questions or wish to discuss which UNA life insurance or endowment plan may be appropriate for your needs.

Permanent Insurance*†‡

  • Life Paid-up at Age 100
    • Issued to persons between the ages of 0-95
    • Minimum policy size is $15,000
    • No policy fee
    • Premiums are payable to age 100 of insured
    • Upon death of insured, the beneficiary receives the proceeds tax free
    • Lowest premiums for permanent insurance
  • Life Paid-up at Age 65
    • Issued to persons between the ages of 0-60
    • Minimum policy size is $25,000
    • No policy fee
    • Premiums are payable to the policy anniversary date nearest the insured’s 65th birthday
    • After this date, no more premium payments are due, but the cash value of the policy continues to accumulate
    • Upon death of insured, the beneficiary receives the proceeds tax free
  • 20 Payment Plan Whole Life
    • Issued to persons between the ages of 0-80
    • Minimum policy size is $15,000
    • No policy fee
    • Policy is paid up after 20 annual premium payments
    • After 20 annual payments, no more premium payments are due, but the cash value of the policy continues to accumulate
    • Upon death of insured, the beneficiary receives the proceeds tax free
  • Single Premium Whole Life
    • Issued to persons between the ages of 0-95
    • Minimum premium is $300
    • One time policy fee of $25
    • One payment insures the person for life
    • Upon death of the insured, the beneficiary receives the proceeds tax free

Term Insurance*

  • 20 Year Plan
    • Minimum policy $20,000
    • Issued to persons between the ages of 16-80
    • Premium rates are level and payable for 20 years
  • 10 Year Plan
    • Minimum policy $20,000
    • Issued to persons between the ages of 16-85
    • In Maryland, the issue ages are 46-85
    • Premium rates are level and payable for 10 years
  • 5 Year Plan
    • Minimum policy $20,000
    • Issued to persons between the ages of 16-90
    • Not available in Maryland
    • Premium rates are level and payable for 5 years
  • Juvenile term – to age 30
    • Issued to persons between the ages of 0-20
    • Amounts of policies available:
      • $10,000 (single premium only)
      • $25,000
      • $50,000 (not available in New York)
    • Can be purchased at a single premium rate
    • Does not qualify for UNA scholarships or awards

All term plans:

  • Carry annual policy fee of $50 (except Juvenile term)
  • Are non-renewable
    • Can be extended for an additional term with new evidence of insurability and a new application
    • Can be converted to a permanent plan, for the same or lesser amount, before the end of the policy term, but not after age 70, without evidence of insurability

Endowments*†‡§

  • 20 Year Endowment
    • Issued to persons between the ages of 0-80
    • For ages 0-60: minimum policy is $5,000
    • For ages 61-80: premium of $200 or more is required
    • Premiums are payable for 20 years
    • No premium fee
    • Full face amount paid at death or on maturity date at the end of 20th year
    • Life insurance plan and systematic savings combined
    • IRS: interest is taxable during accumulation period
  • Endowment at Age 18
    • Issued to persons between the ages of 0-10
    • Minimum policy size is $5,000
    • Premium payable until age 18
    • No policy fee
    • Full face amount paid at death or on maturity date at age 18
    • Life insurance plan and systematic savings combined
    • IRS: interest is taxable during accumulation period

* All UNA permanent and term life policies have separate rates for male and female; tobacco and non-tobacco users; and standard and preferred categories.

On all permanent insurance policies (except Single Premium Whole Life) and endowments, a discount is given on premiums upon prepayment of policy. Please speak with your UNA agent or branch secretary for details.

‡ Riders are available with certain plans.  Please call the UNA home office or speak with a UNA agent or branch secretary for details.

§ Not available in New York State.

Disclaimer: All rates and conditions are subject to change.  This site, although accurate to the best of our knowledge, should be used for general informational purposes only.  Please call the UNA home office or speak with a UNA agent or branch secretary for latest available facts and figures.

Not all products are available in all states.