...but you do not have to pay on it your entire life.
Has a cash value amount that is guaranteed!
As you get older, the price you pay, the premium, DOES NOT increase, ever!
If you quit, leave or retire from your job you can keep all of your coverage at the same price and at the same benefit amount.
In future years, you can take a reduced paid-up policy which means you never have to pay another cent into your life policy but it will stay inforce your entire life. Your representative will discuss the details.
Need cash? You may borrow from the cash value accumulation in your policy.
Paying for coverage from your payroll accomplishes a few things: You're purchasing permanent life insurance with guaranteed, cash-value accumulation which acts like a savings account and because it comes directly from your paycheck you will never miss a payment.
Your policy will be eligible to recieve annual dividends.
Tax advantages: Generally, death benefits are paid tax free and you have tax-deferred cash value growth.
Q. Do I have to be a postal employee to get the policy?
A. Yes. Managers, Postmasters, Supervisors, Station Managers, Clerks, PSE, Rural Carriers, RCA, PTF, City Carriers, CCA, Mail Handlers, 204b, Maintenence, Custodial, Truck Drivers are all elegible.
Q. What if I am married? Can I get coverage for my spouse even if my spouse does not work at the post office?
A. Yes! You spouse is eligle for a policy, too, even if they don't work for the postal service.
Q. Can I get coverage for children and grandchildren?
A. Yes, you sure can. As long and the child or grandchild is 25 years old or younger.
Q. Can I have the cost of the insurance deducted from my paycheck every two weeks?
A. Absolutely. Don't worry. We will walk you through how to set up the payroll deductions.
Q. Do I need a medical exam to obtain the life insurance?
A. No. No medical exam is necessary.
This insurance "follows" you. If you leave the post office you can take the policy with you - at the same price and same benefit amount! If you lose or retire from your job, you will not lose your insurance!
High Rated Insurance Company
This policy is issued from a highly rated (A++) insurance company founded over 168 years ago. They are not publically traded, meaning, they are not traded on Wall Street. Rather, they are owned by policyholders, like you!
Rates / Price
Price is determined by a few things: Age, amount of coverage, tobacco status. The sooner you lock in your age the better you are. The price WILL NOT increase as you get older unlike the coverage you get via the post office.
Most of us know we need life insurance but life gets in the way and we tend to put if off for another time. Plan now. Give us 5 minutes on the phone. We make it easy.
In the new world of COVID, you do not need to meet face-to-face with an agent. We can consult with you over the phone and go over your options.
We can complete your application over the phone and prepare the application for your electronic signature. All you need is an email address.