WHOLE LIFE INSURANCE PRODUCTS

Whole Life Insurance is provided in several different forms by Farm Bureau Life. Coverage can be continued well beyond normal life expectancy as long as premiums are paid. Coverage is generally level face coverage, however, dividends (non-guaranteed) on participating policies can be used to purchase additional paid-up coverage within the policy.

Whole Life insurance premiums may also be paid on a limited (guaranteed) basis on certain plans.

An interest-sensitive whole life policy (Endowment at Age 95) offers level coverage that can develop additional coverage through a corridor provision (increased coverage based on the policy's cash-value and the age of the policyholder).

Whole life plans build guaranteed cash values. The growth in cash values is generally tax-deferred for federal income taxes. Cash values can be borrowed subject to annual loan-interest charges. Cash values that can be borrowed may be used for needs that occur during one's life (car/home purchase, education, unexpected expenses). Cash values borrowed can be repayed in future years with a minimum amount of $25 per repayment.

Whole life policies are all participating (receiving dividends) with the exception of Joint and First-to-Die Whole Life (non-par), 2000 GOLD (non-par) and Interest Sensitive Whole Life (Endowment at Age 95), which receives excess interest credits. Dividends and excess interest credits are not guaranteed by the Company.

Generally, whole life policies provide the lowest net cost to the consumer.

Contact your Farm Bureau Agent for further details about whole life insurance products.