Insurance Products

Term Life Insurance

Simple, affordable plans that provide the most coverage for your dollar.

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It makes sense to buy permanent life insurance, but not if you must sacrifice protecting some of your family’s needs with less coverage than the same premiums would buy with term insurance.

Why Choose Term Life Insurance?

Premium is often the deciding factor when selecting the type of life insurance to purchase. Farm Bureau Insurance’s term life insurance policies offer pure insurance protection and are generally more affordable than permanent protection.

While a permanent plan may not be the best solution to cover your needs, there are times when the dollars are not available for permanent protection. Covering your needs and securing your family’s finances is what’s important. Your term insurance policy pays a tax-free benefit to your beneficiary at your death.**

Term Life Insurance Plans

Farm Bureau Insurance offers a term life insurance plan to fit your budget and your temporary needs. With five term plans available, there’s one that’s right for you. If you have questions about purchasing life insurance, please contact a local agent.

When it comes to death benefits, covering your needs and securing your family’s finances is what’s important.

10 Year Term Premier

The 10 Year Term Premier policy offers a level death benefit at amounts of $100,000 or greater. Premiums are guaranteed level for 10 years. The policy is annually renewable to age 95, the premiums increase annually after 10 years. The policy may be converted to a fixed premium permanent life insurance policy during the first 5 years without proving insurability, provided that no additional benefits or riders are requested at the time of conversion.

20 Year Term Premier

The 20 Year Term Premier policy offers a level death benefit at amounts of $100,000 or greater. Premiums are guaranteed level for 20 years. The policy is annually renewable to age 95, the premiums increase annually after 20 years. The policy may be converted to a fixed premium permanent life insurance policy during the first 10 years without proving insurability, provided that no additional benefits or riders are requested at the time of conversion.

30 Year Term Premier

The 30 Year Term Premier policy offers a level death benefit at amounts of $100,000 or greater. Premiums are guaranteed level for 30 years. The policy is annually renewable to age 95, the premiums increase annually after 30 years. The policy may be converted to a fixed premium permanent life insurance policy during the first 10 years without proving insurability, provided that no additional benefits or riders are requested at the time of conversion.

10 Year Participating Term

The 10 Year Participating Term policy offers a level death benefit at amounts of $100,000 or greater. Premiums are guaranteed level for 10 years and are non-renewable. The policy may be converted to a fixed premium permanent life insurance policy during the first 7 years without proving insurability, provided that no additional benefits or riders are requested at the time of conversion. The policy is participating, which means that it can pay dividends, which are not guaranteed.*

20 Year Participating Term

The 20 Year Participating Term policy offers a level death benefit at amounts of $100,000 or greater. Premiums are guaranteed level for 20 years and non-renewable. The policy may be converted to a fixed premium permanent life insurance policy during the first 15 years without proving insurability, provided that no additional benefits or riders are requested at the time of conversion. The policy is participating, which means that it can pay dividends, which are not guaranteed.*

Term Rider for Children

The Children’s Term Rider (CTR) policy offers $20,000 of life insurance protection to be added to your policy. The CTR charges one level premium regardless of the number of children insured by the rider. All eligible children and future unborn children, after reaching 15 days old, are covered. The CTR protects the child’s insurability and can be converted, without a health exam or underwriting, to a fixed premium permanent plan of insurance for up to five times the coverage amount of the Children’s Term Rider. This option to convert is available at the end of the CTR contract period.


Like most insurance policies, those issued by Farm Bureau Insurance contain limitations, exclusions, and terms for keeping them in force. Contact your local Farm Bureau Insurance agent for complete costs and details.

*Dividends are not guaranteed and are based on the company’s experience in investment earnings, mortality, expenses and taxes.

**For questions concerning taxes you should consult your tax advisor.

Our Term Life Insurance is a product of Southern Farm Bureau Life Insurance Company.

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