Whole Life Policies

Family Benefit Life has three different whole life plans available.  The premium structure and the low minimum face amounts make them attractive for any number of planning contingencies.  The cash value accumulation on all three is also a safe and stable way to provide yourself a future source of funds.  On Whole Life policies the cash value accumulates on two tables:  The Guaranteed and the Not Guaranteed.  The Guaranteed is the minimum return you will receive, no matter what.  The Not Guaranteed is what FBL will provide based upon market interest rates and return on its investment portfolio.  In most cases, the Not Guaranteed surpasses the Guaranteed by a wide margin, but not in all cases.  What is important to remember is the long-term protection that these types of products provide.

Interest Sensitive Whole Life:  This life insurance policy provides a lifetime guaranteed benefit for a guaranteed level premium, which is payable for life. As with most whole life policies, it endows at age 100.  This policy is affordable and adaptable to the changing needs of the policy owner and the insured individual.  It has a low minimum face amount which makes it great for infant or adolescent coverage plans.

The Provider or 20 Pay Life:  This policy provides for the premiums to be discontinued after 20 years.  During the first 20 years, a level death benefit is provided.  Upon the 20^th anniversary of the policy, it will become a Paid-Up Policy and the face amount is then based somewhat on interest rates.  This is an ideal product for parents to purchase on kids or grandkids.  We have also seen it used as part of compensation packages.