Tax-Free Retirement: permanent life insurance can provide a number of tax benefits if structured and funded properly.
Whole Life, Universal Life and Index Universal Life policies provide:
This can be a great strategy for:
For a free analysis of your situation and to obtain quotes, please fill out the form on the right
Disability Income – is available through FABC as either a rider or as a standalone product.
These policies can provide needed monthly income in the event of a debilitating illness or injury preventing one from working in his/her own occupation. Types of policies and coverage limits vary by carrier.
For a free analysis and a quote, please fill out the form on the right or give us a call
Federal employees have a group life insurance program called the Federal Employee Group Life Insurance program or “FEGLI”. Basic Insurance and optional coverages are available under this program.
FEGLI Basic Insurance – equal to salary rounded up to the next even thousand, plus $2,000
FEGLI offers three types of optional insurance:
FEGLI premium rates are based upon age only, with no distinction for gender or tobacco use. As employees grow older, the cost per $1,000 of coverage increases.
For example, a 45-year-old male earning $50,000 a year will pay $43.25 per month for Option B, with five times coverage. At age 65 his cost will increase to $335.75 per month, a rather astounding increase!!
FABC offers affordable and potentially money-saving alternative to FEGLI options, giving federal employees more choices and greater flexibility for coverage and budget needs.
For a free quote and to find out how much you can save, please fill out the form on the right or give us a call today.
Critical Illness – coverage is available through FABC either as a rider on a life insurance policy (check state availability) or as a standalone product.
Critical Illness coverage can provide funds via a lump sum payment of cash for several types of critical illnesses including:
Each policy and rider will provide different types of coverage, so please seek the guidance of an FABC representative.
For free summary of benefits analysis, please fill out the form on the right or give us a call today.
Simplified Issue - many insurance companies require medical exams in order to determine whether or not to provide life insurance coverage. At FABC we offer a number of ”simplified issue” products that do not require medical exams. If you qualify, you can obtain coverage that starts right away, without the hassle of a medical exam.
Spousal Coverage – insurance on a nonworking spouse is important because it will provide funds to pay to replace the things your loved one provided during their life.
Taking care of children, the household…. just make a list of all the things he nonworking spouse does to keep the family on track. You will be amazed at what it would cost to replace all of these things!
For free analysis and quote with an FABC professional, please fill out the form on the right or give us a call today!
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