Find the Life Insurance Policy that Works for You
What would happen to your family’s dreams, ambitions and finances should an unexpected death occur? Life insurance can provide your family with the means to maintain their standard of living, take care of your final expenses, pay for a child’s education, pay off mortgages or debt, and so much more.
If you’re still not convinced, consider this: if you or your spouse died unexpectedly, would your income be enough to support your current lifestyle? Could you still pay all your bills? Your mortgage? Your car loans? Credit cards? College funds? Without the income from your loved one, what will happen to your family? Will you need to move?
This is why Life Insurance was created: to provide you a replacement of lost income if the worst possible event happens. Losing a loved one is tragic, but peace-of-mind can be a saving grace — knowing that you took the steps to ensure your family is taken care of in the event of a loss.
Safeguard Your Business
If you’re a business owner or have business partners, it’s vital to prepare for the unexpected. Farm Bureau® Insurance offers life insurance products designed to help the beneficiaries of a life insurance policy pay for estate taxes, and more importantly sustain the business during a change or loss to a critical member of the business. Your local Farm Bureau Insurance agent can help you understand the value of protecting your business further with life insurance.
What Coverage Is Best for You?
No matter what stage of life you find yourself in, your agent can customize a plan that’s tailored for your individual needs and budget. Talk to a Farm Bureau Insurance agent about your current stage in life.
The below table outlines the advantages of a Term Life vs. Whole Life Insurance policy.
| Term Life | Whole Life | |
|---|---|---|
| Advantages |
|
|
| Purpose | Short-term needs | Long-term needs |
| Premiums | Can increase periodically OR be guaranteed level for the duration of the policy | Level |
| Guaranteed Cash Value | No | Yes |
| Death Benefit | Yes | Yes |
| Available Policies |
|
|
Term Life Insurance
Term Life Insurance is a good option for those who only need coverage for a select term of years. These policies provide the most coverage for your dollar and fit your temporary needs. However, many of these Term Life Insurance polices are renewable or convertible to Whole Life Insurance coverage.
Whole Life Insurance
Whole Life Insurance provides coverage for the insured’s lifetime. Premiums are guaranteed and level for the life of the policy. Whole Life policies build cash value that the policy owner can borrow against during the insured’s lifetime.
Your Farm Bureau Insurance agent is available to conduct a life insurance needs analysis to help ensure that you have the coverage you need and the protection your family deserves.
Retirement Planning and Estate Planning
Our agents also offer Retirement Planning and Estate Planning services. Contact a Farm Bureau Insurance agent today for more information.
Our Life insurance policies are products of Southern Farm Bureau Life Insurance Company. The amount of life insurance coverage that you may qualify for or apply for is subject to medical and financial underwriting by Southern Farm Bureau Life Insurance Company, Jackson, MS.
