Final Expense Plans

/Final Expense Plans
Final Expense Plans 2016-12-08T19:48:49+00:00

Federal Life’s final expense plans are designed for customers seeking affordable, level premiums and lower face amounts for end-of-life expenses. The Express Plan is a simplified issue whole life plan with face amounts from $2,500 to $25,000. The Graded Benefit Whole Life Plan is a great alternative for individuals with some health issues who don’t qualify for The Express Plan, and it also offers face amounts from $2,500 to $25,000.

Advantages

  • Provides a level death benefit for final expenses or any need for a small amount of life insurance
  • Lifetime coverage at premium rates guaranteed never to increase
  • Death benefit is generally received Federal income tax free
  • Easy to apply – simplified application
  • Simplified Underwriting – No medical exam

Product Details

  • Issue Ages: 40-80 (age last birthday)
  • Minimum Face Amount: $2,500
  • Maximum Face Amount: $25,000
  • Guaranteed level premiums to age 100
  • Guaranteed cash value

(available in: AL, AK, AZ, CO, FL, GA, HI, ID, IL, IN, IA, KY, LA, MD, MI, MN, MO, NJ, NM, NC, OH, PA, SC, TN, TX, UT, VA, WI)

 

A modified version of The Express Plan is available in California:

California Version Product Details:

  • Issue Ages: 30-80 (age last birthday)
  • Minimum Face Amount: $2,500
  • Maximum Face Amount: $25,000
  • Guaranteed level premiums to age 100
  • Guaranteed cash value
  • Simplified underwriting
The information presented herein is not a complete description of Federal Life’s products. For more information, including whether or not a product is approved for sale in your state, please contact the Home Office.

Advantages

  • Guaranteed level premiums to age 100
  • Guaranteed cash value
  • Simplified underwriting

Product Details

  • Issue Ages: 40-80 (age last birthday)
  • Minimum Face Amount: $2,500
  • Maximum Face Amount: $25,000
  • Death benefit payments :
    • Year 1 – premium paid x 1.2
    • Year 2 – premium paid x 1.4
    • Year 3 & On – level death benefit for life or until age 100
    • Endowment for face amount at age 100
    • Accidental death in any year – death benefit equals full face amount

 

The information presented herein is not a complete description of Federal Life’s products. For more information, including whether or not a product is approved for sale in your state, please contact the Home Office.

 

 

Questions?
Contact Marketing Administration

Phone: (800) 233-3750
ext. 506

Fax: (847) 520-7651

marketingadmin@federallife.com

Email Marketing Admin

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