Federal Life Insurance Company

#FederalLife assigned A- (Excellent) Financial Strength Rating from AM Best. “The AM Best A- rating demonstrates Federal Life’s very strong risk-adjusted capitalization and balance sheet strength, and its achievement has been foremost amongst our business goals” said Knut Olson, Chief Executive Officer and Director of Federal Life, who joined the Company in August 2023. Read more here: https://lnkd.in/e89u3WND

As of 2023, there were circa 810,000 Americans in Assisted Living Care communities. https://lnkd.in/e6KQBabp According to the 2022 Genworth Cost of Care Report the average cost of a room in an Assisted Living Community was $4,500 per month. https://lnkd.in/euFUXVg4 This means, on average, $43.74 Billion is spent every year paying for assisted living within a community. Conservative estimates for Americans receiving Home Health care are 3 times the amount of assited living. According to the 2022 Genworth Cost of Care Report the average cost of a home health aide was $5,148 per month. This means on average, $150.1 Billion is spent every year paying for Home Health Care. These two areas alone total a staggering $193.84 Billion. Clearly these figures are an under represention of the entire Care picture in the US. Two thirds of those in Nursing Homes are government funded. This means one third isnt and are self funding their care. When an individual requires paid for care, it can feel like a crisis. The families, powers of attorney's and care recipients themselves will generally recieve no advice on how to fund that care, both now, and into the future. At best they will be told there should be enough assets to cover, at worst, it will be a guessing game. A game where the families and powers of attorney's hope that Mom or Dad die before the money runs out! The MyImmediate Care Plan is a plan to help those who are already paying for care, either at home or in a community. This plan should be fundamental in every financial conversation for those receiving care. Why? Read the case study and find out. When Americans start to pay for care, it may well be the biggest financial decision they make in their lifetime. You can help them to make the RIGHT decisions. Damien Conway Leigh Maynard Vidale Marketing Group Ltd Federal Life Insurance Company

#FederalLife assigned A- (Excellent) Financial Strength Rating from AM Best. “The AM Best A- rating demonstrates Federal Life’s very strong risk-adjusted capitalization and balance sheet strength, and its achievement has been foremost amongst our business goals” said Knut Olson, Chief Executive Officer and Director of Federal Life, who joined the Company in August 2023. Read more here: https://lnkd.in/e89u3WND

#FederalLife assigned A- (Excellent) Financial Strength Rating from AM Best. “The AM Best A- rating demonstrates Federal Life’s very strong risk-adjusted capitalization and balance sheet strength, and its achievement has been foremost amongst our business goals” said Knut Olson, Chief Executive Officer and Director of Federal Life, who joined the Company in August 2023. Read more here: https://lnkd.in/e89u3WND

It was so exciting to see #FederalLife become a #summerofalifetime sponsor which exposes rising juniors to the college experience so they gain the confidence and passion to achieve a college education! #dei #solachievesresults #changinglivestogether

#FederalLife is a proud sponsor of the #SummerofALifetime (SOL) 2023 fall dinner that raised over $350,000 to help 1,000 rising junior scholars from 18 different Noble Schools in Chicago attend college preparatory programs in the summer of 2024. For the last 27 years, the #SOL program, a dedicated non-profit organization committed to fostering diversity, equity, and inclusion via college experiences for Noble School scholars, strives for equity in experiences and outcomes, eliminating the predictability of success or failure based on race. The #SOL program has sent 10,008 economically disadvantaged black and brown students to 60 universities in order to equip them to complete college and lead choice-filled lives. The #SOL participants achieve profound results – 61% graduate from college which is the same percentage as the highest income quartile in the country and almost 5 times the rate of all economically disadvantaged students nationally.    Support for the #SOL directly impacts the lives of the Noble SOL scholars next summer as well as their communities for years to come when these college graduates return to their neighborhoods to help accelerate change for Chicago. Federal Life believes in being a champion for these kids, their education, and the betterment of the city of Chicago! #dei #deiinitiative #corevalueresults #corevaluerespect #corevaluehumilityselfawareness #corevaluefollowthrough Patti Annexstad of #AnnexstadFamilyFoundation Steve Sullivan of #NAIHiffman Constance (CJ) Jones, MBA of #NobleNetworkofCharterSchools Jessica Muench of #UnitedAirlines

📣 📣 📣 #FederalLife has partnered with global reinsurer #HannoverRe and insurance specialists #VidaleMarketingGroup to offer the #MyImmediateCarePlan. This unique new product is a medically underwritten single premium immediate annuity available to those aged 70 to 95, which guarantees an income for life. Read more about our partnership and product offering here: https://lnkd.in/epSsFPy6 #annuities #partnerships #insurance #spia