Agent Login Agency Resource Center Home NILICO Products National Income Life Insurance Products Life Insurance Supplemental Health No-Cost Products Life Insurance It’s not about you. Life insurance is something you do to protect those you love so they don’t suffer financially if your income is no longer there. Life insurance can be the only thing that stands between your loved ones and financial hardship. What is life insurance? Life insurance is needed for the “what-ifs” in life. What if I died unexpectedly? Could my family continue to live in our home? Would my children have the funds to be able to attend college? Will my family have the funds on hand to pay for my funeral and final expenses? Life insurance is there to provide financial help to those affected by the “what-if” situations. Whole Life Insurance and Term Life Insurance There are two types of insurance, whole life and term life insurance. The specifics of your life – your age, income, and other factors – will help determine which type and how much life insurance is appropriate for you. But one fact is always true: Funds for your funeral and final expenses will always be needed. If the loss of your income would negatively impact those who depend on you, consider adding a term life policy to a whole life policy. Term life insurance can help your family if you die during your peak earnings and asset accumulation years. Whole Life Insurance Provides coverage for your entire life. Premiums never increase during your ownership of your whole life policy Builds cash and loan value. Term Life Insurance Provides coverage for a limited period of time. After that period, policyholders typically pay increased premiums to continue coverage. Usually less expensive than whole life insurance. Terminal Illness Rider Form B5001 This rider can be added to a life insurance policy at no cost to the insured. The Accelerated Benefit pays 50% of the coverage face amount when the insured is diagnosed with a terminal illness and has a life expectancy of less than 12 months. The policy premiums remain the same after payment of the Accelerated Benefit to the insured and the beneficiary receives the remainder of the policy proceeds upon death of the insured. Head Start Program With National Income Life’s Head Start program, you can give your loved one a head start on a lifetime of coverage – regardless of future health issues. Learn More Get Protected with National Income Life Insurance Company National Income Life Insurance Company can help you decide which policy will best fit your family’s needs. With less money than you might think, you can protect your family if the unthinkable occurs. Find a Local Agent ZIP Code Connect Customer Care: 800-516-4466 Monday - Friday 9:00 am - 5:30 pm Eastern time zone © 2021 National Income Life Insurance Company. Privacy Policy • Terms of Use • Accessibility • HIPAA • COVID-19 FAQ