The Golden Eagle

Policy Description

The Golden Eagle is a “Packaged Contract” which means that we utilize one premium to purchase a whole life plan and make contributions to a lifetime savings plan.  It has many uses from providing a business owner an avenue to compensate their employees to being purchased upon a child’s birth.  If purchased prior to age 21, there is a significant increase in life insurance coverage upon reaching age 22.  That is referred to as a “Juvenile Jump-Up”.  In some cases it initially triples the amount of coverage while maintaining a level premium. When this product is purchased at 20 years of age or younger, the initial face amount is $30,000.  When purchased after, it is dependent upon age.

This product is sold in Units.  Each unit has a premium level of $600 annually, but it can be purchased in half units to accommodate specific planning needs.  The premium levels throughout the life of the product remain the same.  After the 1^st anniversary of the policy, half the premium is placed into the lifetime savings plan, which is interest sensitive.  This means that FBL will guarantee a certain level of return, but could exceed it depending upon the earnings of FBL.

Policy Specifications