Single Premium Interest

Sensitive Whole Life

Policy Description

This product has been with FBL about 3 years, and has become an invaluable financial planning tool that assists in some of the more hard-to-handle issues.  It has a high attained age acceptance, which is 80 years old.  Most Whole Life policies won’t issue to people over the age of 70.  But the strength that this product provides is the Single Premium  aspect.  This allows the cash value to increase at an accelerated rate to where it exceeds the initial premium within a couple of years.    The cash value increases at a guaranteed level, but if the market allows FBL to increase that interest rate, it accumulates even faster.

This product has many uses within a financial plan.  Life insurance policies provide great flexibility in allowing the insured, owner and beneficiaries to be different people.  Due to this and the One Payment nature of this product, it can be effectively used as:

·        Wealth Transfer Vehicle

·        Infant/Adolescent Coverage  (Link)

·        Elderly Asset Protection Plan

·        Existing Cash Value Policy Alternatives

Policy Specifications