Term Life for Unum Group Employees
Workers across hospitality, finance, retail, and other sectors benefit from term life's affordability and simplicity. It provides essential family protection at a price point accessible to workers at many income levels, supplementing whatever group coverage employers provide.
Accessible, affordable coverage that provides meaningful family protection regardless of employer benefit levels.
How term life supplements Unum Group group benefits
Key Product Details
- Coverage Period
- 10, 15, 20, or 30 years
- Premium Type
- Level (fixed for term)
- Cash Value
- No
- Illustrative Cost
- $20-$50/month for $500K coverage (healthy 35-year-old non-smoker, illustrative)
Actual premiums vary by carrier and individual underwriting.
This site is not affiliated with Unum Group. Information about employer benefits is general and may not reflect current offerings.
How Term Life Supplements Unum Group Group Coverage
In industries with career mobility, personal term coverage provides uninterrupted protection through job changes. It is sized to your needs, not your employer's group plan limits, and stays in force regardless of employment status.
Group Coverage
- Tied to employment at Unum Group
- Coverage amount set by employer
- Ends when you leave the company
- No cash value or customization
Individual Term Life
- Portable — stays with you through career changes
- Coverage amount you choose
- Coverage during years you need it most
- Lowest cost per dollar of coverage
Addressing Unum Group Coverage Gaps with Term Life
Here is how term life specifically addresses common gaps in Unum Group group coverage.
Even as a benefits industry leader, Unum group plans have standard limitations on coverage amounts, portability, and policy type options that affect all group insurance regardless of the provider
Term Life provides affordable, high-coverage protection that bridges this gap during the years your family depends on your income most.
Chattanooga-area costs may require coverage above group plan maximums, especially as the city's economy grows and housing values appreciate
Term Life provides affordable, high-coverage protection that bridges this gap during the years your family depends on your income most.
Group coverage is employment-dependent despite the company's insurance expertise, ending upon separation like any other employer's group plan
Term Life provides affordable, high-coverage protection that bridges this gap during the years your family depends on your income most.
Career mobility in the insurance and benefits industry makes portability important, as Unum professionals may move to competitors, consulting firms, or other sectors
Term Life provides affordable, high-coverage protection that bridges this gap during the years your family depends on your income most.
Group plans may not offer the personalized product selection available through individual policies, including specific permanent coverage designs optimized for individual financial goals
Term Life provides affordable, high-coverage protection that bridges this gap during the years your family depends on your income most.
Term Life Features
Important Considerations for Term Life
Every coverage type has trade-offs. A licensed agent in our network can help you weigh these factors.
Other Coverage Options for Unum Group Employees
Explore alternative coverage types to supplement your group benefits.
Whole Life
Lifetime protection with guaranteed cash value accumulation
Permanent · Cash Value
Universal Life
Flexible permanent coverage that adapts to your life
Permanent · Cash Value
IUL
Market-linked growth potential with downside protection
Permanent · Cash Value
Final Expense
Affordable coverage for life's final chapter
Permanent · Cash Value
Term Life for Unum Group: FAQ
Workers across hospitality, finance, retail, and other sectors benefit from term life's affordability and simplicity. It provides essential family protection at a price point accessible to workers at many income levels, supplementing whatever group coverage employers provide. The affordable premiums make it accessible for employees at many income levels. A licensed agent in our network can help evaluate whether term life fits your specific situation.
Term Life rates are based on age, health status, coverage amount, and other individual factors — not your employer. For reference, $20-$50/month for $500K coverage (healthy 35-year-old non-smoker, illustrative). Actual premiums vary by carrier and individual underwriting. Request a free quote for a personalized estimate.
Many term life policies include a conversion option to switch to permanent coverage without a new medical exam. Conversion terms and deadlines vary by carrier. This is valuable if your needs change or health declines. A licensed agent in our network can help find term policies with strong conversion options.
Even as a benefits industry leader, Unum group plans have the same structural limitations as any group coverage: limits on coverage amounts, lack of portability, and no permanent coverage options. Individual policies from A-rated (A.M. Best) carriers provide additional protection, portability across employers, and product options unavailable in any group plan. Insurance professionals at Unum typically understand the value of comprehensive personal coverage planning.
Getting started is quick and easy. Request a free quote through our online form, and a licensed agent in our network will review your information and provide a personalized estimate. They can help you understand how term life supplements your Unum Group group benefits. Quotes are estimates subject to underwriting. No cost, no obligation.
Get Your Term Life Quote
Connect with a licensed Tennessee agent in our network who understands how term life supplements Unum Group group benefits. Free quotes, no obligation. Quotes are estimates subject to underwriting.
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