The Top 5 Benefits of Kemper Life Insurance Policies

Kemper Life Insurance Company is a prominent provider of life insurance products in the United States. Headquartered in Chicago, Illinois, Kemper Life has over 100 years of experience in the insurance industry.

The company was founded in 1905 under the name United Casualty Company. It initially provided accident insurance policies to residents of Illinois. Over the decades, the company expanded its insurance offerings to include other types of coverage like life insurance and health insurance.

In 1991, the company was acquired by Kemper Corporation and renamed as Kemper Life Insurance Companies. Today, it operates as a subsidiary of Kemper Corporation, which is one of the nation’s largest insurance providers.

Under its current name, Kemper Life Insurance continues to provide a range of insurance solutions including life insurance, annuities and investments. It markets its products through a network of independent agents across the country. According to the company, it has issued over 1 million life insurance policies nationwide.

Kemper Life has a financial strength rating of A- from A.M. Best Company, indicating excellent ability to meet its ongoing insurance obligations. It develops customized life insurance plans to meet specific needs of individuals and families.

Kemper Life Insurance Products

Kemper Life Insurance offers a range of life insurance products to meet different needs:

Term Life Insurance

Term life insurance provides temporary life insurance coverage for a specified period of time, such as 10, 15, 20 or 30 years. Premiums are usually lower compared to permanent life insurance since term insurance only provides protection for the defined term.

Kemper offers both level term life insurance, where premiums remain the same over the term length, and annually renewable term life insurance where premiums increase each year as you age. Kemper term life insurance plans provide affordable death benefit protection.

Whole Life Insurance

Whole life insurance provides lifetime protection as long as you make the premium payments. Part of the premium goes towards the death benefit while another part builds cash value that grows tax deferred.

Kemper’s whole life insurance plans offer guaranteed death benefits along with steady cash value growth you can tap if needed in the future. Premiums stay the same over the life of the policy.

Universal Life Insurance

Universal life insurance provides permanent coverage with flexible premium payments and adjustable death benefit amounts. Part of the premium builds cash value while the rest covers the cost of insurance.

Kemper’s universal life insurance policies allow you to modify premium and death benefit amounts to meet changing needs over time. The cash value earns interest at a guaranteed minimum rate.

Indexed Universal Life Insurance

Indexed universal life insurance works similarly to universal life, but links cash value growth to a market index like the S&P 500. This allows the potential for greater cash value growth compared to traditional universal life.

Kemper’s indexed universal life insurance offers the advantages of universal life along with interest earnings tied to a market index. However it also guarantees your principal and a minimum interest rate.

Term Life Insurance from Kemper

Term life insurance from Kemper provides temporary life insurance coverage for a set period of time, or “term”. With term life insurance, policyholders pay lower premiums in exchange for death benefit protection during the policy term.

Kemper offers several term life insurance policy options:

  • Kemper Level Term – This option provides a death benefit for 10, 15, 20, 25, or 30 year terms. Premiums remain the same throughout the level period. Policyholders can renew coverage at the end of the term at a higher premium.

  • Kemper Decreasing Term – This provides a death benefit that decreases over the term length. Since the death benefit goes down each year, premiums are lower than level term policies. Term lengths are available from 10-30 years.

  • Kemper Term with Living Benefits – Along with a death benefit, this policy includes accelerated “living benefits” that can be used if diagnosed with a terminal illness.

Kemper term life policies offer guaranteed death benefit protection during the term at affordable rates. They provide temporary coverage suited for needs like:

  • Protecting your family with young kids
  • Covering a mortgage or debt
  • Income replacement if the breadwinner dies

Term life insurance is a budget-friendly option to secure life insurance protection for a set period of years. Kemper’s term life policies offer quality coverage and features at competitive prices.

Whole Life Insurance from Kemper

Whole life insurance from Kemper provides guaranteed lifetime protection along with a cash value component. Unlike term life insurance, Kemper’s whole life policies remain in effect for your entire lifetime as long as you continue to pay the premiums. This guarantees your beneficiaries will receive a death benefit no matter when you pass away.

Kemper’s whole life insurance policies accumulate cash value over time that you can access while still living through policy loans and withdrawals. The cash value earns interest at a guaranteed rate specified in the policy. It can be used to supplement retirement income, pay for college, cover emergency expenses, or serve other financial needs. The cash value continues growing tax-deferred as long as you keep the policy in force.

Whole life insurance tends to have higher premiums than term insurance since you are pre-paying for a lifetime of coverage. But it provides unique financial benefits through the lifelong death benefit and cash value features. Kemper offers both participating and non-participating whole life products. With participating policies, dividends may be paid to further grow the cash value.

Kemper’s whole life insurance provides a stable, guaranteed way to achieve financial security. It offers reliable lifetime protection along with tax-advantaged cash value you can utilize. For those seeking permanent, lifelong coverage, Kemper’s whole life insurance is worth considering. Their products balance guaranteed death benefits with cash value growth opportunities.

Universal Life Insurance from Kemper

Universal life insurance is another type of permanent life insurance policy offered by Kemper. With universal life insurance, you have more flexibility over your premium payments compared to whole life insurance.

Universal life insurance policies allow you to pay higher or lower premium amounts each month, as long as the balance in your policy meets the monthly deductions for the cost of insurance and other fees. You can also adjust your death benefit amount up or down within certain limits, unlike whole life which has a fixed death benefit.

The premiums you pay go into an account that earns interest based on current interest rates. Kemper credits a minimum guaranteed interest rate, which is stated in your policy. They may credit a higher current interest rate depending on market conditions. The interest your account earns helps offset the monthly deductions.

One of the key benefits of universal life insurance is its flexibility. You can pay more in premiums during high-earning years to build up your policy’s cash value, then reduce payments later on if needed. The death benefit can also be customized to meet your changing needs over time.

Universal life insurance tends to be more affordable when you’re younger compared to whole life. It provides permanent coverage with the ability to adjust premiums and coverage based on your needs and budget. Kemper’s universal life insurance policies offer strong benefits and guarantees backed by their financial strength.

Indexed Universal Life from Kemper

Indexed universal life (IUL) insurance is a form of permanent life insurance offered by Kemper that builds cash value. It provides lifetime protection like other types of permanent life insurance, but also offers the potential for cash value growth linked to a market index. 

With an IUL policy from Kemper, part of each premium payment goes toward the cost of insurance and related fees, while the remaining portion goes to the cash value account. The cash value is invested in fixed accounts earning interest, similar to a savings account. It may also be allocated to indexed accounts with potential returns based on the performance of a market index like the S&P 500.

Kemper offers several different interest crediting options and index accounts to choose from when purchasing an IUL policy:

  • S&P 500® Index – Earns interest based on the return of the S&P 500 index
  • Multi-Asset Risk Control Index – Uses a volatility control strategy to balance growth and stability  
  • JP Morgan Mozaic II Index – Diversified index incorporating domestic and international equities, fixed income, commodities and REITs
  • Annual Point-to-Point – Credits interest based on index gain from policy anniversary to anniversary
  • Monthly Point-to-Point – Credits interest each month based on monthly index gains

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