Taking Care Of What’s Closest To Your Heart

The most heartfelt decisions are about what matters to you most: protecting your family. Key to that protection is finding an alternate means of securing their financial future. 10-Pay or 20-Pay Whole Life insurance offers protection for your family and peace of mind for you, guaranteeing lifetime coverage with your choice of premium payment options. Make a limited number of payments and you are covered for a lifetime. What’s more, in the process of safeguarding your family,  your policy purchase also benefits the entire community. That’s because 1891 Financial Life devotes a portion of your purchase to fund vital social, educational and volunteer programs right in your own backyard.

Product Specs

Check out a brief overview of our 10 And 20-pay Whole Life products.
  • 10 Pay Life Insurance1
    • Available for ages from 0 – 70
  • 20 Pay Life Insurance1
    • Available for ages from 0 – 75
  • Policy amounts available from $15,000 to $4 million
  • Policyholders receive lifetime protection in exchange for paying a certain number of premiums according to policy requirements (10 premiums for a 10-Pay policy, 20 premiums for a 20-Pay policy), at which point the policy is paid for life
  • Guaranteed death benefit is payable to beneficiaries tax-free2 without going through probate
  • Cash value accumulates over time, offering growth
  • Borrow against the policy’s accumulated cash value if needed, or use the policy as collateral for a loan3
  • Should dividends4 be payable they can be paid to you in cash, used to purchase more coverage, or left in the policy for additional growth with guaranteed interest
  • As an 1891 Life policyholder, receive member access to a host of soul-inspiring community events, programs, volunteer efforts, and service projects, plus benefits including grants, scholarships, money-saving prescription benefits, subscriptions, and much more
  • Optional policy riders5 are available, including:
    • Living Benefits Rider: allows you to access a portion of your death benefit if you are diagnosed with a qualifying serious illness. Available with no additional premium. CLICK HERE for details.
    • Waiver of Premium pays your premiums for you should you become disabled as defined in the rider’s contractual terms
    • Accidental Death Benefit pays your beneficiary twice the original death benefit amount defined in the policy up to $250,000, should your death be due to accidental bodily injury
    • Guaranteed Issue Option lets you purchase later on (no proof of insurability required) an additional permanent insurance policy, not to exceed a total of $50,000 from all option purchases
    • Level Term Insurance for a 10-year or 20-year period, with Term certificates not to exceed five times the face amount of the Whole Life policy and a maximum of $500,000 Term rider coverage on all 1891-issued policies
    • Charitable Giving Benefit Rider allows a specified percentage of the death benefit to be paid to an eligible 501(c)(3) charity and 1891 Financial Life will match the amount paid to the charity, up to $2,500


What is Whole Life Insurance?

Whole Life (10-Pay or 20-Pay) insurance is a product that offers the policyholder lifetime protection in exchange for paying a certain number of premiums according to policy requirements (10 premiums for a 10-Pay policy, 20 premiums for a 20-Pay policy), at which point the policy is paid for life.

Can I use my dividends to pay my premium?

Sure—as long as you have what is called a “participating policy,” as the policyowner you can opt to apply the earned dividends toward the premium payment. Just call our Home Office at 1-800-344-6273 for details.

Does my policy have any loan privileges?

10-Pay and 20-Pay Whole Life policies offer an accumulated cash value feature, so as the policyowner, you can borrow against the policy’s cash value if you need to. Just call our Home Office at 1-800-344-6273 for details.

What’s the difference between the cash value vs. the death benefit in my policy?

Cash value is the value that builds up in the policy over time, and it is also the amount that you as the policyholder are entitled to receive should you decide to surrender your policy. The actual amount that you receive will depend on whether you have any unpaid premiums or outstanding loans against the policy, in which case those amounts will first be deducted from the cash value before you’re paid the remaining amount. In contrast, the death benefit is the amount that is paid to your beneficiaries upon your death.

Why would I purchase a Whole Life policy if I don’t have any children or other dependents?

Remember, life insurance can be used to offer protection and security in a variety of scenarios. If you don’t have any children, other dependents, or other family heirs, you can make a real difference by leaving a legacy gift for your favorite charitable organization or worthy cause after your death. As the policyholder, you also can enjoy a living benefit of your Whole Life 10-Pay or 20-Pay policy if you wish, by accessing the cash value that accumulates over time in your policy.

How do I make a death benefit claim?

When this happens, please call our Home Office at 1-800-344-6273 and ask for the Claims Department. Or if you prefer, you can complete and mail this form to the address provided.


Subject to change. Product/features may not be available in all states.
113WL Plan Series.
2Death benefit is typically tax-free, consult your tax advisor.
3Loans against the policy will reduce the death benefit.
4Dividends are not guaranteed. If available, payable on the policy anniversary. Payment not prorated.
5Rules and restrictions apply to each rider; availability may vary. Not all riders are available in all states.