Life Insurance - Products
Term Life Insurance
Term life insurance is perhaps the simplest form of life insurance. It provides temporary
life insurance protection on a limited budget. Term life insurance is a way to get the most
amount of coverage for the lowest cost. Since term insurance can be purchased in large amounts
for a relatively small initial premium, it is well suited for short-range goals such as life
insurance coverage to pay off a loan, or providing extra life insurance protection during
the child-raising years. Term life insurance provides death protection for a stated time period,
or term. The main drawback to term insurance is that after the specified term is over the cost
will increase. The good news is that all of our term products are convertible to permanent
insurance depending on your age, and you may not be required to complete any medical exams
or answer any health questions.
Whole Life Insurance
Whole life provides life insurance protection for as long as the policy is kept in force
(“whole life”). Whole life policies feature lifelong protection, guaranteed premiums, guaranteed
death benefit, and a cash value account. The cash value can grow each year and grows tax deferred.
The cash value can even be borrowed against to help with emergencies or when times get tough. Another
valuable feature of whole life insurance is the opportunity to receive policy dividends*.
Dividends can be used to increase your death benefit, increase your cash value, or even help reduce
your premiums. Farm Bureau Life has paid a dividend every year since the company’s inception.
*Not all whole life policies pay dividends and dividends are not guaranteed.
Find An Agent
It's easy to find a Farm Bureau Agent near you. We have over 200 agents across the state
of Missouri, ready to offer you assistance on a wide range of products and services.