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Life Insurance

Protecting your family is one of the most important responsibilities you have. National Mutual Benefit offers a unique, comprehensive line of life insurance products that are designed to help you protect your family as easily and cost-effectively as possible. If you need more information, click 'Find a Representative' to your right or contact the Home Office to locate someone who can help you today!

Below you will find some brief information about each of our life insurance products. For more detailed information on any of the products, click the photos on the right to open a digital version of the specific product’s brochure.

Whole Life Insurance

Whole life insurance is permanent insurance that lasts for a lifetime as long as premium payments are made. Our whole life insurance products offer level premiums, lifetime coverage, guaranteed cash value*, a guaranteed death benefit*, and the opportunity for dividends.

Classic Whole Life

  • Cash values are guaranteed and grow each year
  • The minimum policy amount is $5,000
  • Available up to age 85

Classic Whole Life Destination

  • Permanent insurance entirely paid for in 10 or 20 years, or by the time you reach the age of 70
  • Cash values are guaranteed and grow each year
  • The minimum policy amount is $10,000
  • Available up to age 75 (10-year), age 65 (20-year), or 49 (pay until age 70)

Classic Single Premium Life

  • Permanent life insurance purchased by making one lump payment
  • Cash values are guaranteed and grow each year
  • The minimum policy amount is $25,000
  • Available up to age 85

Classic Provider I & II

  • Simplified or guaranteed issue whole life insurance policies
  • Ideal for those with imperfect health who still desire life insurance coverage
  • Policy amounts of $5,000-$25,000 (Classic Provider I) or $2,000-$25,000 (Classic Provider II)
  • Available for ages 40-85 (Classic Provider I) or 40-90 (Classic Provider II)

GrandStart (Children’s Whole Life Insurance)


      Click here for more information.

Universal Life Insurance

Universal life insurance offers flexible premiums and an adjustable death benefit to change along with your needs. Our universal life insurance products offer lifetime coverage, guaranteed minimum interest rates*, the potential to build cash value, and adaptability for unexpected changes. National Mutual Benefit also offers a unique Bi-Weekly Benefit Plan that combines mortgage payments with universal life insurance coverage. For more information on this program, click here.

Benefit Universal Life

  • Flexible, cost-effective protection
  • Ideal for those who want a program that can change along with their needs
  • The minimum policy amount is $25,000
  • Available up to age 85

Dual Benefit Universal Life

  • Offers the same features as Benefit Universal Life, but provides protection for two
  • Pays the death benefit upon the death of the first insured
  • The minimum policy amount is $50,000
  • Available for ages 20-80

Term Life Insurance

Term life insurance provides simple, practical, and affordable coverage for a specified period of time. Our term life insurance products offer level premiums, economical coverage, policy conversion and renewal options, and customization options with policy riders.

Choice Term Insurance

  • Premiums are level for the entire initial term of the policy
  • Term periods of 10, 20, or 30 years are available
  • The minimum policy amount is $60,000
  • Available for ages 18-65 (10-year), 18-60 (20-year), or 18-50 (30-year)

Life Builder Plus (Children's Term Coverage to age 26)

  • Term coverage through age 26
  • Guaranteed convertible to whole life regardless of any changes in the insureds health
  • Policy amounts of $10,000, $15,000, $25,000, and $50,000 are available
  • Available up to age 21

Policy Riders

Policy riders are amendments or special additions to a policy that provide a specific coverage not included in the policy itself. Many of NMB's policies have riders available to help you create the ideal life insurance plan for your needs and goals. The policy riders listed may not be available on all policies. Most riders require an additional premium charge.

Below you will find a list of the different policy riders that are available on certain products. For more detailed information about NMB's policy riders, click the photo on the right to open a digital version of the policy riders brochure.

  • Additional Term Insurance Rider
  • Other Insured Rider
  • Children’s Term Rider
  • Guaranteed Insurability Option Rider
  • Accidental Death Benefit Rider
  • Cost of Living Rider
  • Living Benefit Rider (Accelerated Death Benefit)
  • Ten-Year Decreasing Term Rider
  • Waiver of Premium/Monthly Cost of Insurance Rider

*Guarantees are backed by the financial strength and claims paying ability of National Mutual Benefit.
Form W0414 rev. 11/16/2016