Group Mortgage Redemption Plan with Money Back Rider

Single Life and Joint Life Coverage

 The Group Mortgage Redemption Plan with Money Back Rider provides a death benefit that can equal the unpaid balance of a mortgage. The amount of insurance, amortization rate and term period can be the same as the mortgage. The term periods are 15, 20, 25, or 30 years. 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 while the plan is in force, the death benefit will be paid with respect to each insured. The minimum issue limit for this plan is $10,000. The scheduled premiums are level for the duration of the mortgage term. The scheduled premiums are guaranteed for the first year.

Riders
Money Back Rider
Accidental Death Benefit
Waiver of Premium
Children's Term Rider
Disability Income Rider

Please contact a Federal Life Insurance Representative for additional details and information on our Group Mortgage Redemption Plan.








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