What’s FAB About Primerica Life Coverage?
Primerica’s Custom Advantage and TermNow policies offer a benefit that is uncommon among most life insurance coverage. It’s called the Freedom Accumulation Benefit (Freedom Advantage Benefit in Canada) and it allows policyholders to save an amount up to $5,000 (in most states) with Primerica that can be used to automatically pay premium should a policyholder ever miss a premium payment. The balance also accrues a variable interest rate.
FAB is an easy way to save money and ensure that your coverage stays current. It’s a fact — not all insurance coverage is created equal. Primerica’s life companies strive to bring you quality coverage at super affordable prices … with extras.
Custom Advantage/TermNow policy series/FAB form number NC5RV/NBF11AA0/NBF11AG0 underwritten by National Benefit Life Insurance Company, Home Office: Long Island City, NY, in New York state; C5/PLF11AA0/PLF11AG0 underwritten by Primerica Life Insurance Company, Executive Offices; Duluth, GA in all other US jurisdictions; ZC5/ZLF11AA0/ ZLF11 AG0 underwritten by Primerica Life Insurance Company of Canada, Head Office, Mississauga, Ontario.
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Freedom Accumulation Benefit is a great idea! When clients change a bank account without notifying us the FAB can kick in to conserve their policy. Also a great way to start an emergency account for those who need help with discipline.
How can I withdraw money from my FAB account?