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Information and Resources to support FCSLA Life Producers
FCSLA Life is a strong and growing company offering quality products and benefits which provide financial security to our members. Our loyal and active producers will continue to help us thrive well into the future. We are very happy that you are part of the FCSLA Life team and greatly appreciate your business!
Formed in 1892 by nine immigrant women to aid Catholic Slovak families in the Cleveland, Ohio area, FCSLA Life has grown to now offer insurance and financial products in 48 states and the District of Columbia. Christians of all denominations are eligible to become members of FCSLA Life.
FCSLA Life has over $1 Billion in assets and over 106,000 members. We are proud to have earned an A- Excellent rating from the A.M Best rating service and maintain one of the highest solvency ratios in the life insurance industry.
FCSLA Life helps our producers to sell with:
- Attractive and competitive products
- Competitive commissions
- Sales support from Regional Sales Managers and National Sales Manager
- Friends and Family cash incentive referral program
- Online Illustration System
- Short App for certain products/ages/amounts
- Monthly update calls for producers
- Marketing co-op money
- Sales Contest opportunities to earn bonuses
- Incentive trips for top producers
- Fraternal Benefits for members
Products:
Whole Life - Single Premium Whole Life
FCSLA Life offers 3 Single Premium Whole Life Options:
Single Premium Whole Life Plus ICC12-SPWL0412:
Issue ages 45-85, Minimum face amount $50,000
Features, Uses and Sales Ideas:
-
- Early and strong growth of cash value with liquidity options if needed
- Perfect for poorly performing non-qualified money currently in low return or low interest products
- Excellent wealth transfer tool
- Early and strong cash value
Single Premium Whole Life (Traditional Product) ICC12-SPWL0412:
Issue ages 0-90, Minimum face amount $5,000
Features, Uses and Sales Ideas:
-
- Similar to Single Premium Whole Life Plus but with a much lower face amount minimum
- Great option for using smaller single premium sums to buy up a strong death benefit
- Strong growth of cash value with liquidity options if needed.
- Superb wealth transfer tool
- Excellent for gifting permanent life insurance to children and grandchildren. After three years of being insured the child is eligible to apply for FCSLA Life Scholarships*
- Face amounts $25k or less and ages 50 and under may be eligible for the Short Application
1 Pay Life ICC19WL:
Issue ages 0-90, Minimum face amount $5,000
Features, Uses and Sales Ideas:
-
- Similar to Single Premium Whole Life (Traditional Product) except that insured can pay in the ‘single premium’ over the period of the entire first contract year. This may provide some clients flexibility in paying the premium
- Face amounts $25k or less and ages 50 and under may be eligible for the Short Application
Whole Life - Premium Paying Whole Life
10 Pay Life ICC19WL
Issue ages 0-85, Minimum face amount $5,000
Perfect for insureds that want to get premiums paid up over a short period of time:
- Insureds in their working years with good cash flow who do not want to pay premiums in retirement
- Parents or Grandparents buying insurance on a child or grandchild. After three years of being insured the child is eligible to apply for FCSLA Life Scholarships*
- Business owners who want to fund key person or deferred compensation plans
- Face amounts $25k or less and ages 50 and under may be eligible for the Short Application
20 Pay Life ICC19WL
Issue ages 0-75, Minimum face amount $5,000
Great option for insureds looking for slightly less annual premium than the 10 Pay WL but still want a short pay policy
- Younger people who realize the need for permanent life insurance but don’t want to pay premium for a lifetime
- Business owners who want to fund key person or deferred compensation plans
- A good policy for parents to purchase for their children. The policy is paid up by the time the children graduate from college and are starting a family and career.
Whole Life – Lifetime Pay ICC19WL
Issue Ages 0-75, Minimum face amount $5,000
- Accumulates savings in cash value and provides a lifetime of protection
- Good product to accumulate money to supplement retirement savings
- Can be used as a final expense policy with the low face amount available
Term Products
Next Gen Term ICC19YOUTHTERM/ICC19YOUTHTERM -S
Issue ages 0-23 for annual premium and 0-19 for single premium. Face amounts $10,000-$50,000
- Great term product for children and young adults
- Convertible with a conversion credit at age 30 to any permanent product up to face value
- After three years of being insured the child is eligible to apply for FCSLA Life Scholarships*
- Face amounts $25k or less may be eligible for the Short Application
20 Year Level Term ICC19TREM
Issue ages 18-75, Face amounts $25,000 to $100,000
- Very rare opportunity for insureds over age 65 to purchase 20-year term insurance
- Cash value may accumulate in this product
- Dividends can be used for paid up additions or to reduce premium – dividends are not guaranteed
Important life insurance underwriting note:
Face amounts $25,000 and under on all products are non-medical for all ages 0-90
Annuities
FCSLA Life offers a suite of deferred annuities featuring 5, 7 and 10 year surrender periods all with strong guarantees and crediting rates. FPA(5)-0713/FPA(7)-0713/FPA(10)-0415
Features include:
- 10% free withdrawal, even in the first year
- $250 minimum deposit
- No rolling clock on surrender fees
- LTC waiver of surrender fees
Immediate Annuity also available.
Please contact me for details or if you have questions. I would like to talk to you if you are interested in becoming contracted with FCSLA Life. We are always looking for quality producers to represent FCSLA Life.
Paul Smithers CLU ChFC
National Sales Manager
FCSLA Life
Paul.smithers@fcsla.com
216-468-1018
* Scholarships are a fraternal benefit and are not guaranteed. A limited number of scholarships are awarded annually
Illustrations:
Log on to Illustration System – FCSLA Life has created a special “Producer Gateway” to provide sales tools to our contracted agents and licensed producers. For more information on getting started, click here.
Non-Conforming Illustration Form (PDF) – This form must be submitted with any life insurance application that is not accompanied by a signed illustration matching the application.
Sales Support:
Best Interest Regulations – In February 2020, the National Association of Insurance Commissioners (NAIC) approved its Suitability in Annuity Transactions Model Regulation (#275) (the “Best Interest Regulation”). The Best Interest Regulation requires that all annuity recommendations by producers and insurers meet a new “best interest” standard. View and download the required forms, a copy of the applicable Best Interest Regulation for individual states, as well as training materials.
Ohio Insurance Guaranty Association Disclosure Statement (PDF) – This form is to be included with all OHIO applications. Please make sure you send a signed copy of this form with all OHIO life insurance and annuity applications.
MIB Notice to the Proposed Insured (PDF) – The MIB Authorization form has changed. The new form will take effect on January 1, 2013. This new MIB Authorization form (form #: MIB-2012) must be included with all life insurance applications starting January 1, 2013. Any applications with the old MIB Authorization form (Form #: MIB 2009) received after 1/1/13 will be returned with the new form.
New York: MIB Notice to the Proposed Insured (PDF) – This form will also take effect on January 1, 2013. It must be included with all New York Life Applications starting January 1, 2013. Any applications received after 1/1/13 will be returned with the new form.
Life Insurance and Annuity Applications – Answer a few questions and you will get the application form (PDF) you need for immediate use.
Life Insurance Underwriting Guidelines Chart (PDF) – This document shows the medical information we require for applicants based on issue age and amount of insurance applied for.
Single Premium Whole Life Traditional, Single Premium Whole Life Plus, Whole Life, 1 Pay Life and 10 Pay Life Modified Endowment Contract Acknowledgement Form (PDF) is required to be submitted with all Single Premium Whole Life applications. One to the Home Office with application, one copy to applicant, one copy to agent.
Suitability Form Requirements (PDF) – This document explains the suitability form requirements by state.
Annuity Suitability Form (PDF) – This form must be submitted with any annuity application where required by the state.
Life Insurance Suitability Form (PDF) – This form must be submitted with any life insurance application where required by the state.
Replacement of Life Insurance or Annuity Forms – Click here to find the appropriate Replacement Form for your state. This form must be submitted with any replacement application (life insurance or annuity). One copy to the Home Office with application, one copy to applicant, one copy to agent.
Sales Material Verification Form (PDF) – This form must be submitted with any replacement application (life insurance or annuity). One copy to the Home Office with application, one copy to applicant, one copy to agent.
Authorization Form (PDF)
2024 Commission Pay Schedule (PDF)
Electronic Fund Transfer
- Annuity Deposits (PDF)
- Annuity Distribution (PDF)
- Commission Payments (PDF)
- Life Insurance Premiums (PDF)
- Annuity Deposit Slip (PDF)
Non-qualified Section 1035 Tax Free Exchange Request
- For Life (PDF) – For Non-Qualified 1035 Exchange from a life policy at another company to a life or annuity policy at FCSLA Life. This form is required if the applicant is surrendering a policy with another company and using that surrender as a tax-free exchange to purchase a policy from FCSLA Life. This form must be submitted with the Replacement of Life Insurance or Annuities form.
- For Annuity (PDF) – For Non-Qualified 1035 Exchange from an annuity policy at another company to an annuity policy at FCSLA Life. This form is required if the applicant is surrendering a policy with another company and using that surrender as a tax-free exchange to purchase a policy from FCSLA Life. This form must be submitted with the Replacement of Life Insurance or Annuities form.
Qualified IRA Transfer Request (PDF) – This form is required if the applicant is transferring qualified monies (401K, IRA, Roth IRA, Simple IRA, SEP) and depositing to a qualified Annuity.
Generic Transfer Request (PDF) – For transferring funds from other than non-qualified annuities (i.e. bank account, CD, savings account, etc.).
HIPAA Authorization (PDF) – This authorization will be used to obtain medical records, if necessary, from the doctor(s) listed on the back of the form.
Marketing and Sales Support:
FCSLA Life Welcome Brochure (PDF)
Marketing Co-Op Flyer (PDF)
Display Advertisement Library – A collection of approved FCSLA Life ads you may use in your own print advertising. Please let us know when you run any ads as both FCSLA Life and you have to keep copies of any ads you publish for 5 years from the date they are published.
