The Provider

20 Pay Whole Life

Policy Description

This policy combines all of the positive aspects of the Interest Sensitive Whole Life plan with a couple of new twists.  Its similar in that it provides a level premium for the first 20 years and that in turn provides a level benefit.  The first twist is that after 20 years, the premiums are discontinued and you now have a “Paid-Up” policy.  The cash value accumulation will determine if the new amount will be greater or less than the originally purchased policy.  The other twist is that it does not have a split rate class for males or females.

If you are using this as an original purchase for your child or grandchild, you can invest the same amount for all of them if purchased at the same age.  We all try to be fair or equal in dealing with our kids and grandkids, so this product makes it just that much easier.

The cash value accumulation on The Provider is a useful financial tool.  As you pay your premiums, your policy develops a cash value, based upon a guaranteed interest rate.  If FBL can pay a higher interest rate, then it increases that much more.  The cash value is available to borrow and use as the owner of the policy wishes.

Policy Specifications