Federal Life Insurance Company (Mutual)

Life Insurance Products

Whole Life Insurance


A type of life insurance that provides a death benefits for life or until age 100. Premiums and the death benefit remain constant while the policy is in force. Whole life policies earn interest that accumulates on a tax-deferred basis. The policy owner receives the cash surrender value. of these funds if the policy is surrendered/canceled or can borrow the cash surrender value as a loan. More Info...






Universal Life Insurance

A type of life insurance which allows the policy owner to change the death benefit from time to time and vary the amount or timing of premium payments to meet their changing needs. Universal Life policies earn interest that accumulates on a tax-deferred basis. The policy owner receives the cash surrender value of these funds if the policy is surrendered/canceled and can borrow the cash surrender value as a loan. More Info...






Term Life Insurance

A type of life insurance that covers the insured for a designated period of time. The policy pays a death benefits if the insured dies during the term. In most cases, term life plans offer no cash value. Term life insurance is usually the lowest cost insurance. More Info...