Family Protection Plan

Nearly 85% of Americans say most people need life insurance, yet only 59% have coverage and a staggering 33% say they don’t have enough life insurance, including one-fourth who already have life insurance coverage.* Nobody wants to be a statistic – especially during a period of grief. That’s why 5Star Life Insurance Company developed its FPP policy – to ensure your employees and their loved ones are covered during a period of loss.


Terminal Illness

This plan pays the insured 30% (25% in CT and MI) of the coverage amount in a lump sum upon the occurrence of a terminal condition that will result in a limited life span of less than 12 months (24 months in IL).


Your employees choose the level of benefit that best meets the needs of their families.


Coverage continues with no loss of benefits or increase in cost should your employee leave their job after the first premium is paid, in which case 5Star Life will simply bill the employee directly.

Family Coverage

Policies can be purchased on the employee’s spouse even if they don’t elect coverage on themselves. And they can cover their financially dependent children (14 days to 19 years old, 26 if full-time student) under their coverage or their spouse’s.


Premiums are taken care of simply and easily through payroll deductions.

Protection You Can Count On

Within one business day of notification, payment of 50% of coverage or $10,000 whichever is less is mailed to the beneficiary, unless the death is within the two-year contestability period and/or under investigation. This coverage has no war or terrorism exclusions.


* Scanlon, James T., Terry, Karen R., and Leyes, Maggie, 2018 Insurance Barometer Study, April 4, 2018


Quality of Life Rider

The Qualify of Life Rider accelerates a portion of an employees death benefit monthly – 3% or 4% – each month as scheduled by an employer at the group level, and payable directly to the employee on a tax favored basis. An employee can receive up to 75% of the current face amount of the life benefit, following a diagnosis of either a chronic illness or cognitive impairment that requires substantial assistance.

Benefits are paid for the following:

  • Permanent inability to perform at least two of the six Activities of Daily Living (ADLs) without substantial assistance, or
  • A permanent severe cognitive impairment, such as dementia, Alzheimer’s disease and other forms of senility requiring substantial supervision.

Automatic Increase Rider (AIR)

The Automatic Increase Rider allows an employee or spouse to incrementally purchase additional coverage to their existing policy for the first 5 consecutive years (available for both employee and spouse coverage), on the policy anniversary date, for only $1 additional premium per week. There is no cost for including this rider, which is only available during initial enrollment, and systematic increases will begin on the first policy anniversary date.

  • Each annual increase in coverage is Guaranteed Issue, regardless of the insured’s health or occupation
  • Benefit is locked-in at the time of policy issue
  • Annually increased benefits are payable at first year compensation levels
  • Benefit growth in step with increasing cost of living expenses

Waiver of Premium Rider

The Waiver of Premium rider allows an employee who is totally disabled due to sickness or accidental bodily injury, after a consecutive six month waiting period, to have his/her premium payments waived for as long as he/she is disabled. Total disability means:

  • During the first 24 months, the employee is unable to perform the substantial and material duties of his/her job, or
  • Total and permanent loss of sight of both eyes, hearing in both ears, speech or the use of both hands, both feet or one hand and one foot, and
  • After 24 months, the insured is unable to perform the substantial and material duties of his/her job and cannot be retrained to perform any other job.

The AIR and Waiver of Premium riders are not able to be combined on the same policy. Both Quality of Life and Waiver of Premium riders are only available for selection at the group level, meaning all participating employees would have this coverage embedded in their policy, per the election made by the group.  

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