What is Wealth Transfer Insurance?
Wealth transfer insurance is intended to generate wealth and increase the amount passed on to your heirs. By using a Single Premium Life Insurance plan to transfer wealth, you create an immediate and guaranteed death benefit with tax-free advantages.
Is Wealth Transfer Insurance right for you?
If you are interested in passing money allocated not for you, your medical or living expenses, but for your heirs, then a wealth transfer Single Premium Whole Life policy may be ideal for you.
Use our Estate Planning Booklet to help provide your loved ones with all the information needed for processing your estate.
When considering a wealth transfer insurance policy, please consult your financial advisor to ensure it’s the right fit for your financial needs.
To request a quote please use our FCSU Financial online quote system.
SINGLE PREMIUM WHOLE LIFE
A Single Premium Whole Life policy is an easy and simple way to achieve the life insurance coverage you need. As the name implies, by making only one premium payment you have a completely paid up whole life policy.
Single Premium Whole Life policies make excellent gifts. Honor a newborn or a newlywed with a fully paid-up life insurance policy.
Important features of Single Premium Whole Life include:
- $5,000 minimum coverage.
- You make only one premium payment during your whole lifetime.
- A Single Premium Whole Life policy can be issued for any age from infancy to age 85.
- The policy can be issued in any amount (subject to medical limitations).
- Separate rates are available for males/females; smokers/nonsmokers.
- The death benefit is level, but can be supplemented by additional insurance should your needs change.
- Single Premium Whole Life certificate holders are eligible for a variety of other FCSU benefits, including scholarships for those who qualify, and cultural and athletic programs.
- Dividends begin when declared.*
* Dividends are not guaranteed.
If you have questions about our products please call us at 1-800-JEDNOTA (533-6682).