Cigna Life Insurance: Everything You Need to Know

by

Life insurance is an investment that provides financial security to your family and loved ones in case of your untimely demise. If you are looking for reliable life insurance, Cigna is a trusted name in the insurance industry. Cigna has been providing life insurance services for many years and has an impeccable record of excellent customer service. In this article, we will cover everything you need to know about Cigna life insurance, including its plans, benefits, and more.

Table Contents show

What is Cigna Life Insurance?

Cigna is a global healthcare company that provides health, dental, vision, disability, and life insurance services to its clients. Cigna life insurance provides financial security to your loved ones in case of your unexpected death. If you have a family, children, or dependents who rely on you for their day-to-day expenses, Cigna life insurance can be a great investment for you. Cigna offers different types of life insurance policies to meet everyone’s unique needs.

What are the Types of Life Insurance Policies Offered by Cigna?

Cigna offers various life insurance policies, including term life insurance, universal life insurance, and accidental death insurance.

Term Life Insurance:

Term life insurance is the most affordable type of life insurance coverage. It provides financial protection to your dependents for a specific period, usually 10, 20, or 30 years. If you die during the term period, your beneficiaries will receive a death benefit from Cigna. Term life insurance is best for people who want temporary coverage for their loved ones until they become self-sufficient.

Universal Life Insurance:

Universal life insurance is a permanent life insurance policy that provides coverage for your lifetime. It includes a death benefit, and a cash value component that grows over time. You can use the cash value to pay premiums, take loans, or withdraw money in case of emergencies. Universal life insurance is best for people who want lifetime coverage and build cash value over time.

Accidental Death Insurance:

Accidental death insurance provides coverage for your accidental death. It pays a death benefit to your beneficiaries if you die due to an accident. Accidental death insurance is an affordable option for people who want to add extra coverage to their existing life insurance policy.

What are the Benefits of Cigna Life Insurance?

Cigna life insurance provides several benefits to its policyholders:

Financial Security:

Cigna life insurance provides financial security to your loved ones in case of your unexpected death. It can help pay for your funeral expenses, outstanding debts, and daily living expenses.

Tax Benefits:

Life insurance death benefits are generally tax-free. If you have an active life insurance policy with Cigna, your beneficiaries can receive the death benefit without paying any income tax.

Flexible Coverage:

Cigna offers flexible coverage options that meet everyone’s unique needs. You can choose the coverage amount and term period that suits your budget and lifestyle.

Guaranteed Insurability:

Some Cigna life insurance policies come with guaranteed insurability. It means you can increase your coverage amount without undergoing a medical exam or answering any health-related questions.

How to Apply for Cigna Life Insurance?

Applying for Cigna life is easy and straightforward. You can follow these steps:

Step 1:

Visit Cigna’s website and select the life insurance policy that suits your needs.

Step 2:

Fill out the application form with accurate information about yourself and your beneficiaries.

Step 3:

Wait for the underwriting process to complete. Cigna’s underwriters will review your application and determine your eligibility and premium rates.

Step 4:

Once your application is approved, you will receive a policy document that outlines the terms and conditions of your policy.

FAQs

Question
Answer
What is the minimum age to apply for Cigna life insurance?
You must be at least 18 years old to apply for Cigna life insurance.
What is the maximum age to apply for Cigna life insurance?
The maximum age to apply for Cigna life insurance varies depending on the policy. Generally, the maximum age is between 75-85 years old.
How much coverage can I get with Cigna life insurance?
You can get coverage ranging from $50,000 to $5 million, depending on the policy and your eligibility.
What happens if I miss a premium payment?
If you miss a premium payment, your policy will lapse, and you may lose your coverage. You can reinstate your policy by paying the outstanding premiums and penalties.
Can I cancel my Cigna life insurance policy?
Yes, you can cancel your Cigna life insurance policy at any time. However, you may lose your coverage and surrender the cash value.

Conclusion

Cigna life insurance is an excellent investment for anyone who wants to provide financial security to their loved ones. Cigna offers different types of life insurance policies that meet everyone’s unique needs. With its outstanding customer service and flexible coverage options, Cigna is a company you can trust. If you are looking for life insurance, consider Cigna as your preferred provider.

Rekomendasi: