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What to Know About Farm Bureau Life Insurance

What to Know About Farm Bureau Life Insurance

Farm Bureau life insurance is provided by a well-known insurance company that offers four types of life insurance. These include term life, whole life, universal life, and variable universal life insurance. Each of these coverage types is different and offers a unique plan that you can choose based on your needs. We’ll go over each of them, and you can decide on your own if this company matches your needs. You can compare quotes and insurance options from several carriers by clicking on the view quotes button above.

Farm Bureau Life Insurance: Term

Term life insurance is an affordable life insurance plan that offers protection for a specific amount of time. Many times, you can choose between 10, 15, 20, or 30 years. You will also have the chance to convert the term to whole life insurance at certain times, giving you coverage with no ending. This is a great option for those who don’t want to spend a ton, but do want to have peace of mind.

Farm Bureau also has discounts for this insurance choice if you have not used tobacco for at least 12 months, or if you qualify for healthy living discounts based on blood pressure, cholesterol levels, and other medical levels.

Farm Bureau Life Insurance: Whole Life

Whole life insurance is a bit different, which the name makes clear. This insurance lasts for your entire life. In addition to that, depending on the particular policy, you can often borrow against this protection for buying a home, starting a business, or even going into retirement. This type of life insurance plan has many options, and gives you the choice of payment options.

The non-tobacco and healthy living discounts are also available for whole life insurance. There are also special coverage options for children or grandchildren.

Universal Life Insurance

Universal life insurance is a more flexible option than either term or whole life. It does offer you protection your entire life, but it also provides chances to change your payments and benefits as needed, so you can continue to build your life in the way that you choose. Like the whole life plan, you can use the value to purchase a home or build a business. However, any loans can affect death benefits down the line if you are in an accident or something happens to you.

Discounts are the same as above, and there are even more options for how to structure your plan.

Variable Universal Life Insurance

Variable universal is similar to universal, except that you have a bigger role in it. You can choose investment options in order to acquire more money for the insurance. This gives you both the fun of investment and the intelligence of life insurance, so you have the most control and the most options.

Is A Farm Bureau Life Insurance Policy Right for Me?

Things like changing jobs or having a child can significantly impact your financial situation. They can also lead to needed changes with your insurance plans. Farm Bureau provides an insurance estimation tool that can help you determine which policy or plan is going to work best for you and your family. You can also speak to an agent who can help you plan and choose the right option if you prefer that. Feel free to use our life insurance calculators on this website to estimate how much insurance you need. You can compare quotes and insurance options from several carriers by clicking on the view quotes button above.

Other Services

Farm Bureau also has other types of planning that can help in conjunction with an optimal life insurance plan. They provide long-term care insurance, as well as estate planning and retirement planning. This can help protect your assets, ensure you don’t lose your independence, and guarantee that your family doesn’t have an emotional or financial burden in your later years. In addition, you can often bundle options and save on all of them. Make sure to ask about that if you do choose to go with insurance through Farm Bureau.

To find out about other lower priced options available to you, please click on our “View Your Quotes” button above or to speak with a licensed agent please call us at 866-936-3831.  Gary W Blackmon is a licensed insurance agent who has been helping families with their life insurance needs for 10 years.  The agency focuses on providing the lowest cost life insurance to customers from New York to California.

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