01. Get the basics
How does a life insurance policy work?basics
In general, you pay your insurance company and in return, you get protection for the people you love if something happens to you. You can choose between term (good for a specific amount of time) or permanent life insurance (lifetime coverage).
More than 50% of Americans believe life insurance costs 3x more than it actually does.
Source: 2021 Insurance Barometer Study, Life Happens and LIMRA
These are the top three questions people ask us. To see the full list, visit our life insurance FAQs page.
We offer three types of life insurance:
Term life provides protection for a specified period of time (like 10, 20 or 30 years) and is typically very affordable when you’re younger.
Whole life and indexed universal life policies provide permanent coverage. They typically have higher premiums than term life but also build cash value that can help with things like providing emergency funds or an estate for your family later in life.
Term life insurance is life insurance you buy for a specific amount of time, like 10, 15, 20 or 30 years. If something happens to you during that period, it can provide money for your family to use for things like covering final expenses, paying off the mortgage and other debts, and saving for education costs and retirement.
Group policies are a great benefit for employees but are typically only active while you’re employed with that company. So if you leave the company or retire, you may be without coverage.
A personal life policy can provide coverage regardless of your employment status. If you wait until you retire to get coverage, premiums could be quite a bit higher as you get older.
Find a local rep or start online. We'll help you find life insurance that works for you.
Life insurance policies issued by COUNTRY Life Insurance Company® and COUNTRY Investors Life Assurance Company®, Bloomington, IL.
This website provides a brief and general description of term life, whole life and indexed universal life insurance policies available from COUNTRY Life Insurance Company® and / or COUNTRY Investors Life Assurance Company®. Life insurance policies and/or riders and features have limitations and are not available in all states, policy terms and conditions may vary by state, and are subject to underwriting approval and product minimums. This is not a statement of coverage or offer of insurance. Policies contain exclusions, limitations, reductions, and benefits, and terms for keeping them in force. For costs and complete details of the coverage, contact your representative.
Policy form numbers
Term Life Insurance: ICC20(RCT), RCT(ND20), and RCT(FL20)
Whole Life Insurance: ICC18(WL), WL(ND18), WL(FL18)
Single Premium Whole Life Insurance: ICC18(WLSP), WLSP(ND18), WLSP(FL18)
Indexed Universal Life Insurance: ICC21(IUL), IUL(ND21)