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Federal Employees Life Insurance

There are two types of life insurance:

TERM Life Insurance offers the most affordable coverage for a specific period of time, generally 10-30 years. It is low cost protection that enables most families to get started. Most term policies have features allowing for conversion to permanent coverage without evidence of insurability.

PERMANENT Life Insurance provides coverage for an entire lifetime and has the potential to build cash value that can be accessed for cash when needed. Permanent life insurance can be Whole Life, Universal Life or Index Universal Life Insurance.

FABC offers a number of different types of both term and permanent life insurance:

Term Life Insurance:

• 10, 15, 20 and 30 year term products.
• Simplified issue and fully underwritten policies.
• Return of premium products that can return premiums paid is held to the end of the term.
• Disability income riders available.
• Spouse and children riders.

Permanent Life Insurance:

• Whole Life Insurance – permanent insurance that has fixed level premiums, a guaranteed death benefit and cash value growth.
• Universal Life Insurance – permanent insurance that has flexibility to change premium payments and death benefit coverage. Cash value accumulation potential based on fixed interest rates.
• Index Universal Life Insurance - permanent insurance that has flexibility to change premium payments and death benefit coverage. Cash value accumulation based on performance of stock market indexes, without risking any principle to loss.
• Survivorship Life Insurance – is permanent life insurance that covers the lives of two people and provides a death benefit to the beneficiary upon the death of the second person.
• Single Premium Whole Life Insurance – lifetime coverage that has its premium paid in a single lump sum rather than ongoing installments. The policy will last an entire lifetime with no additional payments required.

Get peace of mind knowing that you have helped protect your loved ones. Complete the form on the right for a FREE consultation with an FABC life professional.