Auto Death Benefit

Policy Description

The Auto Death Benefit (ADB) was created at the urgings of our agents that sell multiple lines of insurance, including car insurance.  For $20 annually, they could help a family provide for the devastation that fatal car accidents always bring.  With this policy,  a $5,000 benefit is paid for every immediate family member that is under the age of 21, single and living at home.  The proceeds are treated like any other life insurance product which allows quick access to funds, if needed.

This is also a Guaranteed Issue plan, which means that there aren’t any issue amounts or Premium Classifications.  No matter the number of people in the family, the premium is $20 annually.  The one stipulation for the policy to be collected upon is that the insured must pass away in an auto accident. 

Agents Note:  FBL provides a very useful marketing and application form for this product.  To print off your own, go to (Link)  Also, there is not an illustration printout for this product.