Motorists Life Insurance Company
Great customer service takes more than anticipating your needs, providing smart solutions and delivering with prompt efficiency. It also takes understanding, a positive attitude and a commitment to do our best and be there when you need us most. We’ve been delivering that kind of service since 1965 under a simple philosophy:
“Do what is best for policyholders, agents and associates.”
It’s this powerful philosophy that has grown the Motorists Life Insurance Company into the company it is today. By 1967, we were licensed in six states with 28 licensed agencies, and wrote 100 life policies representing $689,678 insurance in force. Today, we conduct business in 16 states with more than 4,700 life agents, and have more than 98,000 policies on the books representing more than $6 billion of insurance in force.
We are very proud of our progress and sales growth over the past four decades and look forward to continuing to provide our policyholders and agents with a strong portfolio and superior service for decades to come.
Life Insurance Products
Value Term Plus
You know you need life insurance. Upon death, it can provide financial income to your beneficiaries, or it can provide the funds to pay off personal debt so that your survivors aren’t burdened with your financial obligations. But how do you add the benefits of life insurance to your financial plan without putting too much stress on your budget?
That’s where Motorists Life’s Value Term PLUS policy comes in. It provides death protection for a stated time period, or term at a lower cost than permanent insurance. With Value Term PLUS you can have the peace of mind that comes when you know your outstanding financial obligations will be met. It’s perfect for mortgage protection, families with young children or business owners seeking coverage for key employees. And you can only get it from your Motorists Life agent.
Whole Life Insurance
- Simplified Issue Whole Life (SIWL)This policy provides full and immediate life insurance, paying 100 percent of the policy amount to the beneficiary at the insured’s death. You will be eligible for coverage from $5,000* to $25,000 if you pass a limited health questionnaire. A medical exam and bloodwork are NOT required.
- Graded Benefit Whole Life (GBWL)Those unable to qualify for the SIWL plan may be eligible for the GBWL plan, with issue amounts from $2,000 to $15,000.
- Non-Participating Whole LifeThis policy is designed to create a permanent life insurance program for your lifetime with built-in premium and cash value guarantees. You have your choice of single, 10-year, 20-year, or lifetime payment options.
- Participating Whole LifeThis policy is designed to create a permanent life insurance program with built-in guarantees, saving potential and additional plan flexibility.
Universal Life
Universal Life Insurance is a flexible-premium, adjustable benefit life insurance policy that accumulates account value. Motorists Life’s Universal Life policy provides permanent life insurance protection plus the flexibility to adapt as your life and protection needs change. Here’s how it works. You make premium payments into the policy. Then, on a monthly basis, benefit costs and administrative fees are deducted. The balance is then credited at the current rate of interest.
Youth Life Protector
There’s no greater joy in life than the birth of a child and watching that child grow and develop. Along with that joy comes a mountain of worry for their future health and financial success. Give your children a lifetime gift with the Youth Life Protector Plan. Youth Life Protector will give you peace of mind by creating a solid life insurance foundation for your child or grandchild. It’s a fitting gift for children of any age. At a modest cost, you can purchase $15,000 of whole life protection for children from birth through age 18. Premiums are low and coverage is guaranteed for the life of the policy.
