Federal Life Insurance Company: Everything You Need to Know

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Federal Life Insurance Company is a life insurance organization that offers a broad range of financial products and services that help its clients achieve their financial goals. Federal Life Insurance Company was established in 1899 and is headquartered in Riverwoods, Illinois, serving customers in 49 states across the United States.

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About Federal Life Insurance Company

At Federal Life Insurance Company, its mission is to help customers achieve financial security through tailored financial products and services. They offer a variety of life insurance policies such as term life, whole life, and universal life insurance options. They also provide various retirement and investment-related products and services including annuities, 401k plans, and mutual funds.

In addition, Federal Life Insurance Company offers a range of group insurance products that enable employers to provide their employees with life insurance coverage at competitive prices. This includes group term life and accidental death & dismemberment insurance.

Financial Strength

Federal Life Insurance Company has consistently demonstrated a strong financial performance, earning an A- (Excellent) rating from A.M. Best Company. Furthermore, the company maintains a surplus of over $100 million, ensuring its ability to keep its commitments to policyholders.

Customer Service

Federal Life Insurance Company has a reputation for excellent customer service with a team of experienced customer service representatives that are available to help customers with their financial questions and needs. The company has also invested significantly in online tools to make it easy for customers to manage their policies and accounts online.

Life Insurance Policies at Federal Life Insurance Company

Life insurance policies are designed to help protect families from the financial burden that can result from the death of a loved one. At Federal Life Insurance Company, customers can choose from a range of policy types to meet their specific needs.

Term Life Insurance

Term life insurance policies provide coverage for a set period typically ranging from 10 to 30 years. These policies are generally more affordable than other types of life insurance policies and are an excellent way to provide temporary protection for a family’s financial needs. Federal Life Insurance Company offers three types of term life insurance policies:

Policy Type
Features
Secure Term
Level premiums for the life of the policy, coverage up to age 95
Secure Term Express
No medical exam required, coverage up to age 85
Secure Term 5/10/15
Guaranteed level premiums for 5, 10, or 15 years, coverage up to age 95

Whole Life Insurance

Whole life insurance policies provide permanent coverage and accumulate cash value over time. These policies can also be used to help fund retirement or other financial goals. Federal Life Insurance Company offers two types of whole life insurance policies:

Policy Type
Features
Secure Whole Life
Fixed premiums, death benefit and cash value growth, policy dividends
Secure Saver Whole Life
Flexible premiums, death benefit and cash value growth, policy dividends

Universal Life Insurance

Universal life insurance policies provide the flexibility to adjust premiums and death benefits over time, making them a popular choice for customers who want more control over their policies. Federal Life Insurance Company offers two types of universal life insurance policies:

Policy Type
Features
Secure Lifetime UL
Fixed premiums, death benefit and cash value growth, lifetime coverage
Secure Accumulator UL
Flexible premiums, death benefit and cash value growth, policy loans and withdrawals

Retirement and Investment Products at Federal Life Insurance Company

At Federal Life Insurance Company, customers can choose from a range of retirement and investment-related products and services to help them achieve their financial goals. These include:

Annuities

Annuities are a popular choice for customers who want to secure a steady income stream in retirement. At Federal Life Insurance Company, customers can choose from fixed and indexed annuities that offer a guaranteed rate of return, tax-deferred growth, and no annual fees. The company also offers several rider options, including living benefits and death benefit riders.

401k Plans

Federal Life Insurance Company partners with businesses of all sizes to offer affordable and flexible 401k plans. The company provides administrative support, investment options, and employee education to help businesses and their employees achieve their retirement goals.

Mutual Funds

For customers who want to build a diversified investment portfolio, Federal Life Insurance Company offers a range of mutual funds managed by experienced investment professionals. The funds are designed to meet various risk and return objectives and are an excellent way to build long-term wealth.

FAQs

How long has Federal Life Insurance Company been in business?

Federal Life Insurance Company was established in 1899 and has been providing financial products and services to clients across the United States for over a century.

What types of life insurance policies are offered by Federal Life Insurance Company?

Federal Life Insurance Company offers term life, whole life, and universal life insurance policies to meet customers’ specific needs.

What types of retirement and investment-related products and services are available at Federal Life Insurance Company?

Customers can choose from annuities, 401k plans, and mutual funds to help them achieve their financial goals.

What is the financial strength of Federal Life Insurance Company?

Federal Life Insurance Company has consistently demonstrated a strong financial performance and is rated A- (Excellent) by A.M. Best Company. The company maintains a surplus of over $100 million, ensuring that it can keep its commitments to policyholders.

What is the customer service like at Federal Life Insurance Company?

Federal Life Insurance Company is known for excellent customer service, with a team of experienced representatives that are available to help customers with their financial questions and needs. The company has also invested significantly in online tools to make it easy for customers to manage their policies and accounts online.

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