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Federal Life Insurance Company (Mutual) |
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Interest Sensitive Whole Life
Advantages
- Provides lifetime coverage
- Both premiums and death benefit are level
- Builds cash value A portion of each premium payment is credited to the policyholder's accumulation account and earns interest at a current interest rate but no lower than the guaranteed rate. on a tax-deferred basis
- Guaranteed minimum interest rate
- Death benefit is generally received Federal income tax free
- You may pay an amount in addition to your premium to increase the policy's cash value or death benefit
- You may opt to pay premiums using the excess of cash surrender value The amount of money that will be refunded if an insured cancels their coverage and surrenders their policy. The amount is equal to their accumulation account value less any surrender charges, policy loans and loan interest (if any). over the guaranteed cash value The accumulation account value based on the guaranteed minimum interest rate and maximum expense and mortality charges.
- Allows for policy loans and cash withdrawals to the extent cash value is available
We offer a choice of two plans:
- Death benefit level for life or until age 100
- Issue Ages: 0 - 70
- Optional Benefits/Riders
- Accidental Death Benefit Provides level protection for accidental death that occurs within 90 days after an injury. Coverage is provided to age 70 or plan termination if earlier. This benefit can be selected to cover one or both insureds on a joint plan.
- Children's Term Rider Provides level term coverage on each child of the insured. Coverage begins for each child at age 7 days and ends when the child reaches age 23 or the insured reaches age 65. When coverage ends, the child may convert to a level premium, permanent policy for an amount not to exceed five times the amount of insurance on the child covered by this rider.
- Waiver of Premium Provides that in the event of total disability before age 60, after a waiting period of 6 months, the premiums on the plan will be waived retroactively from the beginning of such disability and will continue to be waived during the continuance of total disability.
-- or the more economical --
- Death benefit level for 20 years
- Issue Ages: 15 - 55
- Optional Benefits/Riders
- Accidental Death Benefit Provides level protection for accidental death that occurs within 90 days after an injury. Coverage is provided to age 70 or plan termination if earlier. This benefit can be selected to cover one or both insureds on a joint plan.
- Children's Term Rider Provides level term coverage on each child of the insured. Coverage begins for each child at age 7 days and ends when the child reaches age 23 or the insured reaches age 65. When coverage ends, the child may convert to a level premium, permanent policy for an amount not to exceed five times the amount of insurance on the child covered by this rider.
- Initial Specified Amount Continuation RiderThis rider, which may only be added at time of issue, allows for the purchase of monthly term insurance in an amount necessary to maintain the initial death benefit beyond 20 years. This rider allows for the purchase of the monthly term insurance without evidence of insurability.
- Waiver of Premium Provides that in the event of total disability before age 60, after a waiting period of 6 months, the premiums on the plan will be waived retroactively from the beginning of such disability and will continue to be waived during the continuance of total disability.
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.
Final Expense
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/enrollment form
- No medical exam
- Issue ages 30-80
- Death benefit amounts: $2,500 to $25,000
- Includes an accelerated death benefit feature
(available in GA, ID, IN, KY, LA, MD, MI, MN, NV, NM, NC, SC, SD, TN, TX, VA)
- Issue ages 30-80
- Death benefit amounts: $2,500 to $25,000
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.
| Telephone (800) 233-3750 | |
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