Executive Life

Policy Description

Executive Life or Decreasing Term To 95:  This is fast becoming our best selling term product.  It is highly versatile and can provide long term solutions to many financial planning situations.  By design, it is a Decreasing Term policy, but by adding a Yearly Renewable Term policy to it, we can provide a level death benefit for a level premium payment.  The Yearly Renewable Term is purchased with dividends supplied by FBL, so they aren’t guaranteed. But by reviewing the financial strength of FBL, you can see that shouldn’t be a problem.  (Link to Standard’s Report)We have seen this policy used as a cost efficient substitute for Whole Life or Permanent insurance and as a tool in solving some of the trickier financial planning situations.  Here are just a few:

1.      Buy-Sell Agreement Funding Source

2.      Asset Protection Upon Death

3.      Endowment Funding

4.      Business Succession Allocation Plan

5.      Key-Person Business Coverage

As you can see the Executive Life policy is versatile and changeable enough to accommodate many financial planning needs.

Policy Specifications