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Life Insurance

EMC National Life Company (EMCNL), an affiliate of EMC Insurance Companies, offers a variety of life insurance and annuity products for individuals and insurance products for businesses to make available to their employees. For complete product descriptions, visit emcnationallife.com.

 

Life Insurance for Individuals

Below is a summary of available life insurance and annuity products for individuals.* For additional information, visit emcnationallife.com.

Universal Life Insurance: Permanent life insurance with an adjustable death benefit and flexible premium payments. Premiums pay the cost of insurance protection and create cash value. Tax-deferred interest adds to cash value. Withdrawals and loans are available.

Term Life Insurance: Temporary life insurance for a specified period of time. If the insured dies within the term period, a death benefit is paid to the named beneficiary. Protection ends if the insured is still living at the end of the term period, unless the policy is renewed.

Instant Issue Term Life Insurance: Temporary life insurance for a specified period of time. Policy is applied for and issued instantly, while the client is in the agent’s office. If the insured dies within the term period, a death benefit is paid to the named beneficiary. Protection ends if the insured is still living at the end of the term period, unless the policy is renewed.

Whole Life Insurance: Permanent life insurance that provides a guaranteed death benefit and guaranteed premium payments. Premiums pay the cost of insurance protection and create cash value. Tax-deferred interest adds to cash value. Loans are available.

Annuities: Retirement savings plans for tax qualified and nonqualified funds. Premium payments grow with tax-deferred interest. Withdrawals are available. Savings can provide a guaranteed income for life or for a specified period.

Workplace Life

Below is a summary of available voluntary insurance products that employers can make available to their employees through payroll deduction.* For additional information, visit emcnationallife.com.

Critical Illness Insurance: A relatively new life insurance product designed to help those who are diagnosed with a critical illness covered condition by providing a lump-sum cash benefit paid directly to the employee.

Increasing Whole Life: A traditional whole life insurance product with a guaranteed increasing death benefit. Increasing Whole Life can help meet the immediate obligations of death and provide future income to sustain the household.

Workplace Permanent Life: Designed to provide basic supplemental life insurance coverage for employees in the workplace setting. Workplace Permanent Life can be used for final needs planning, as an alternative or complement to group term life or small permanent life insurance plans in the workplace market, or to save for future financial needs.

Group Term Life: Some of the largest employers, including school districts, government entities and health care organizations, recognize the need to provide the most basic of coverage to employees—term life insurance. At the same time, employees are looking to their employers to offer this coverage as a benefit. Group Term Life is an annual renewable term life insurance product designed for groups of 10 or more employees.

Group Disability Income: Our long- and short-term disability products provide monthly or weekly benefits for injured or ill employees. Both disability plans are available separately but coordinate perfectly for a complete disability income program. Disability income insurance is available on an employer-paid basis or an employee-paid voluntary basis.

 

*Not all products are approved in all states. Complete product details are contained in the respective policy forms for each product and may vary by state.