Insurance That Grows With You
Get a lifetime of coverage and the flexibility to put your insurance to work for you with Navy Mutual’s Flagship Whole Life. Flagship Whole Life is a participating whole life insurance policy that combines the protection of permanent life insurance with the flexibility of a tax-advantaged asset that grows.
Unlike a term life insurance policy where the benefit is only received upon death or terminal illness, Flagship Whole Life offers tax-deferred, cash-value growth that you can borrow against or cash out. You may also receive dividends that you can use to reduce your premiums, increase your coverage, pay back loans, purchase additional term insurance, or take in cash value.
Flagship Whole Life starts at $10,000 worth of coverage. Applicants age 18-80 can purchase and maintain up to $1,000,000 of total initial death benefits with Navy Mutual. Insureds under the age of 18 are eligible to apply for lower death benefits.
Affordable Monthly Premiums
Premium rates are calculated based on gender, age at the time of issue, the amount of coverage, the premium payment duration chosen, health, and nicotine use. Premium rates are fixed, and payment duration can be adjusted to meet your budget. Plan owners can lower their fixed monthly premium by stretching out the duration of payment; however, plans paid over a shorter term generally offer greater cash-value growth.
A No-Risk Policy
With Navy Mutual Flagship Whole Life, you always get back at least what you put in. Navy Mutual invests your premiums in high-quality, sound investments, and this accumulates value on amounts in excess of the cost of the life insurance.
In addition, favorable mortality rates and expense savings can increase the dividends that may be available to plan owners within a given year. Navy Mutual has a long track record of returning value to policyholders with low costs of insurance, which maximizes the growth of your cash value and death benefit. Like all Navy Mutual products, Flagship Whole Life has no surrender fees or commissions.
Flagship Whole Life Plan Highlights
- Guaranteed lifetime protection.
- Potential dividends, tax-free until they exceed the amount of premiums paid.
- Tax-deferred cash-value.
- Chronic/terminal illness option.
More About Navy Mutual Flagship Whole Life
For more information on Navy Mutual Flagship Whole Life insurance, please call us at 800-628-6011.