Interest Sensitive Whole Life
Advantages
- Provides lifetime coverage
- Both premiums and death benefit are level
- Builds cash value
- 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 over the guaranteed cash value
- Allows for policy loans and cash withdrawals to the extent cash value is available
- Death benefit level for life or until age 100
- Issue Ages: 0 - 70
- Minimum amount of insurance is $5,000 (subject to a $150 minimum annualized premium requirement)
- Optional Benefits/Riders
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.
Single Premium Whole Life
Advantages
- One Premium Buys a Guaranteed Lifetime Death Benefit
- Insured's Estate Immediately Increased by the Death Benefit Amount
- Allows for the Transfer of a Portion of the Insured's Estate to Heirs or Charities
- Provides a Tax-Free Inheritance for Heirs
- Builds Guaranteed Cash Value (available through policy loans*)
- Includes an Accelerated Death Benefit Rider at No Additional Cost (this feature is currently available in the following states: AL, AR, AZ, CO, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MD, MI, MN, MO, MS, NC, NJ, NM, NV, OH, OK, PA, SC, TN, TX, UT, VA, WA, WI, WV)
*Loans reduce the death benefit by the amount owed. Loans may be taxable and, if made prior to age 59½, may be subject to a 10% tax penalty. For more details, talk to your tax or financial advisor.
- Issue Age 50-85 (age last birthday)
- Minimum premium - $5,000
- Maximum premium – Ages 50-79: $125,000, Ages 80-85: $50,000
- Maximum Face Amount: $250,000
- Simplified Issue for Net Amounts at Risk up to $100,000
(based on application, telephone interview & Medical Information Bureau (MIB) check)
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 (age at nearest birthday)
- Death benefit amounts: $2,500 to $25,000
- Includes an accelerated death benefit feature
(available in: NJ)
- Issue ages 30-80 (age at nearest birthday)
- Death benefit amounts: $2,500 to $25,000
(available in: AL, AK, AZ, CA, CO, FL, GA, HI, ID, IL, IN, IA, KY, LA, MD, MI, MN, MO, NV, NM, NC, OH, PA, SC, TN, TX, VA, WI)
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.
