Insurance Products

Whole Life Insurance

Cover your family with a life insurance policy that maintains level premiums and could pay you a dividend.

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Whatever your family’s life insurance needs, Farm Bureau® Insurance can build the right plan for you. Start with a permanent life policy, which is the foundation of any life insurance plan, and add term coverage to meet your temporary needs.

Whole Life Insurance Plans

These plans provide protection to age 120. Guaranteed cash values grow through the years. Dividends* can further enhance the cash values and death benefit.

Whole Life Insurance

Premiums are level and guaranteed to age 100

20 Pay Life

Premiums are level and guaranteed for 20 years. At that time the coverage is paid up; no further premiums are required.

30 Pay Life

Premiums are level and guaranteed for 30 years. At that time the coverage is paid up; no further premiums are required.

Single Premium Whole Life

One premium in a lump sum is paid upfront at the beginning of the policy. No riders (except Accelerated Benefit Rider) are allowed with this policy.

Whole Policy Dividends

Dividends* may be earned after the first policy year. Dividends are not guaranteed by SFBLI, but when earned, may increase the policy cash value and death benefit. The policy owner has several options on how they are applied.

Options include:

  • Paid up Additional Insurance that goes towards increasing the death benefit and the policy’s cash value.
  • Leave on the policy earning interest.
  • Paid in cash directly to the owner.
  • Apply to the annual or semi-annual premium, which reduces the amount you pay out of pocket.

Other Benefits

Accelerated Benefit Rider (ABR)

This benefit allows you to acquire a portion of the policy benefits in the event of a terminal illness. The death benefits will be reduced by the amount accelerated. Any benefits received under the ABR may adversely affect your eligibility for public assistance programs; and the benefits received under this rider may be taxable.

Waiver of Premium Agreement (WP)

Protects the insured in the event of disability occurring before age 60, as described in the policy contract, by waiving the premiums during your disability. This benefit is available for an additional premium and subject to underwriting approval.

Premium Insurance (Payor Death or Disability)

This benefit waives the premiums coming due after the death or during the total disability of the Premium Payor until the insured child reaches age 25. This benefit is available for an additional premium and subject to underwriting

Guaranteed Insurability Option (GIO)

The GIO** guarantees the owner the option to purchase an additional whole life policy on the insured without proving insurability at each option date. This rider is only available for insureds up to age 37 and is available for an additional premium.


We can help customize a permanent life insurance plan that meets your needs. Contact a Farm Bureau Insurance agent.

No information presented should be viewed as tax, legal, or accounting advice. Neither Farm Bureau agents nor Southern Farm Bureau Life Insurance Company or its representatives are authorized to give such advice. Individuals should consult their own tax advisor or legal representation regarding their particular circumstances. Comments on tax information is based on the current tax law, which is subject to change.

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

**GIO options can have multiple option dates depending on when purchased, see policy contract for details.

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

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