The Eagle

Policy Description

As stated previously, this is the predecessor of The Golden Eagle.  It is based upon income need level that increase over time.  Instead of eliminating this product, we continue with it because people need this level of protection and savings. 

This is a “Packaged Contract” meaning that we utilize one premium to purchase a whole life plan and make contributions to a lifetime savings plan.  If this contract is purchased prior to turning 21 years of age, there is a significant increase in the life insurance coverage upon attaining the age of 22.  In some cases, the face amount increases as much as three times the original amount.  This occurs without there being an increase in premiums.  When purchased after that, the face amount is dependent upon what age the insured person is at the time of issue.

This product is sold in Units.  Each unit has a premium level of $250 annually.  One of the more attractive Riders available to this product is the Guaranteed Insurability Rider, available up to the age of 40.  Contact the home office for details.  You may purchase half a unit and the annual premium would be only $125. 

The premium levels for this product remain the same throughout its life.  After the 1^st anniversery of the policy, half the premium is placed into the lifetime savings plan. which is interest sensitive.  This means that FBL guarantees a certain level of interest return, but could exceed it dependent upon the market rates of FBL.

Policy Specifications