Contact Us Customer Support Linked-In social icon GPM Life Products Life Insurance Life Insurance Products Life insurance can be an important part of financial planning throughout every stage of your life. We can help you understand what type of coverage is best for you and how to find the right features and options for your needs. GPM Health and Life has insurance professionals available to help you and answer your questions and concerns. Why life insurance is important Life insurance is the unique product that pays benefits to beneficiaries income-tax-free. This tax advantage is the key for end-of-life planning. But life insurance is just as much about planning for life and your future goals. For a business, life insurance can be used as the basis for a buy-sell agreement, or to protect key employees and the business itself. Life insurance can also be to pay potential estate taxes, provide retirement income, offer additional mortgage protection, fund children’s college education and protect loved ones from having to pay debts or final expense costs that are not covered by Social Security. Life insurance riders and options are available as well to help you get the right coverage that meets your needs now, and for the future. Compare options Common Questions Universal Life Whole Life Term Life Is there a guaranteed death benefit with tax advantages?* Yes Yes Yes Are the premiums guaranteed? Flexible premiums with guaranteed minimums and maximums Yes Yes, for a fixed period Will this coverage last?* UL is a permanent plan of insurance. So long as you make scheduled premium payments of a sufficient amount, the coverage will stay in place until your death WL is a permanent plan of insurance. So long as you make the scheduled guaranteed level premium payments, the coverage will stay in place until your death Term Life is a temporary plan of insurance. There is usually a guaranteed premium for a specified length of time. If you want the coverage to continue, the premiums due after the fixed period usually increase dramatically as you age Is this the most affordable coverage? Generally, this is the most affordable permanent insurance product type Because of the guaranteed features, this product is generally a bit more expensive Usually Term Life insurance is the most affordable product for a short, defined period. After that period, the substantial increases in premium may make it cost prohibitive Does this coverage build cash value? Yes Yes No Can I access money from this policy while I’m alive? Yes Yes No Can this policy be customized with available riders? Yes Yes Yes *Subject to any outstanding policy loans or withdrawls Get details about types of life insurance: UNIVERSAL LIFE WHOLE LIFE TERM LIFE Get a personalized benefit analysis and advice SEE WHAT YOU CAN SAVE Learn which options are best for you Life Situations Whether you are single, married, raising a family, or retired, life insurance is available to meet your unique needs. Coverage needs change over time Calculator How much life insurance do you really need? This calculator will give you a general idea based upon your financial needs. How much life insurance do you need? Serving Your Needs GPM Life has a long history of serving Federal Employees, Military, Individuals, and Families. Let us help you today. Get personalized advice We can help with your unique needs Contact Us Customer Support 1-800-929-4765 Linked-In social icon 2021 Government Personnel Mutual Life Insurance Company, All Rights Reserved 2211 N.E. Loop 410 San Antonio, Texas 78217-4630 Privacy Policy California Privacy Policy HIPAA Sitemap