Term Life Insurance

Advantages

  • Coverage is for a specified period of time
  • Premiums are generally less expensive than whole life & universal life
  • Some plans have a renewable and/or convertible feature
  • Both level death benefit and decreasing death benefit (good for covering loans, especially mortgages) plans are available
  • Death benefit is generally received Federal income tax free

Our term plans generally offer the largest insurance protection for your premium dollar.

Level Term Series

    The Level Term Series has four different plans: a 10 Year Plan, 15 Year Plan, 20 Year Plan and 30 Year Plan.
    • Issue ages:
      •   PLANS
        10 Year 15 Year 20 Year 30 Year
      Age 20 to 70 65 60 55
    • Minimum amount of insurance is $50,000 (subject to a minimum annual premium of $100 and a minimum monthly modal premium of $10)
    • Level death benefit
    • Renewable to age 95, Convertible to age 65 or the 15th policy anniversary, whichever is earlier
    • Premiums
      10 Year Plan: Premiums are scheduled to increase every 10 years to age 80, then renew annually; premiums are guaranteed for first 5 years.

      15 Year Plan: Premiums are scheduled to be level for first 15 years and are guaranteed for first 7 years.

      20 Year Plan: Premiums are scheduled to be level for first 20 years and are guaranteed for first 10 years.

      30 Year Plan: Premiums are scheduled to be level for first 30 years and are guaranteed for first 15 years.

    • Optional Riders

Note: Except for specific premium guarantees stated in the plan descriptions, our term plans have indeterminate premiums. This means the scheduled premium can be changed (no more than once a year). However, premiums can never be higher than the guaranteed maximum premiums.

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 a Federal Life representative.

Click here to speak to an agent about any Federal Life plan.