10 Year Renewable and Convertible Decreasing Term Policy

Our Short Term Mortgage Protection Plan

The 10 Year Renewable and Convertible Term Policy provides a decreasing death benefit that can equal the unpaid balance of a 30-year mortgage. The policy is available for individual or joint coverage. The joint life coverage provides a death benefit if either insured dies within the benefit period. If both die within 90 days of each other the death benefit will be paid with respect to each insured. The scheduled premiums are level for 10 years and will increase every 10 years to the end of coverage. Coverage ceases at the end of 30 years from issue or the policy anniversary nearest the insured’s 80th birthday, whichever occurs first. The scheduled premiums are guaranteed for one year. This policy has the option to convert up to age 65 (age nearest birthday).

Riders
Accidental Death Benefit
Waiver of Premium
Children's Term Rider

Please contact a Federal Life Insurance Representative for additional details and information on our 10 Year Renewable and Convertible Decreasing Term Policy.