Union Life Insurance provides an attractive bonus rate for its policyholders. Depending on the type of policy you have, the bonus rate can differ from one product to the next.
Traditional Whole of Life policies offer a guaranteed bonus rate based on the amount of money saved over the life of the policy, while term life policies have a guaranteed bonus rate that increases each year.
Additionally, some Union Life Insurance policies include a loyalty bonus, which is an extra bonus paid to customers who have held a policy for at least five years. This bonus can be up to 5% of the customer’s savings.
The exact bonus rate for each policy will depend on the policy’s terms and conditions, so it is best to check with Union Life Insurance to find out the exact rate for your policy. You can contact Union Life Insurance’s customer service team by phone, or visit their website to find out more information.
In addition to the bonus rate, Union Life Insurance also offers other financial incentives and benefits that can help customers save more money on their policy. These include discounts on premiums, access to exclusive deals, and the chance to earn rewards when you reach certain milestones.
Overall, Union Life Insurance offers an attractive bonus rate, as well as other financial incentives that can help make their policies even more affordable.