Federal Life Updates Variable Annuity Registration Statement

May 21, 2019 by Allison Bell

A Midwestern life insurer that recently raised $35 million through a stock offering has posted a new N-4 registration statement for its individual deferred variable annuity contract.

The insurer, Federal Life Group Inc., filed the document with the U.S. Securities and Exchange Commission. The last time the company filed a similar document was in 2008.

Federal Life has said that it wants to use cash from the stock offering to expand its variable annuity program.

Filing Details

A summary of the transaction expenses included in the registration statement shows that the contract would come with no sales load, deferred sales load or exchange fee.

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Originally Posted at ThinkAdvisor on May 17, 2019 by Allison Bell.