What is life insurance? Simply put, life insurance is a policy that will provide benefits to your chosen beneficiaries upon your death. If your death occurs during the coverage period of your selected policy, the people you specify as beneficiaries will receive benefits from the policy either as a lump sum or through flexible income payment options. These benefits are paid directly to your beneficiaries, so there should be no additional costs or delays in receiving the financial benefit you’ve secured for them.
Life insurance is an essential part of your financial well-being. It’s also great at providing peace of mind for the future. But did you know it can provide so much more than that? Life insurance provides benefits you may not be aware of. A lot goes into choosing life insurance coverage – policies are not one-size-fits-all.
This might surprise you, but coverage needs change over time. Choose life insurance that will grow with you through all of life’s changes - whether with a new spouse, new baby, new home, new job. You can be confident that your life insurance is with you every step of the way. Make sure you have the appropriate coverage for whatever life throws at you – check your coverage with our life insurance calculator or contact your agent for a SuperCheck®
Today’s life insurance policies can do more than ever before – including offering income to live on if you become ill. Of course, there are some rules around how these policy features work but having the option to use your life insurance while you’re living can ease your mind and your financial burden if the unexpected happens. Ask your agent about the benefits of our Daily Living Benefit Rider.
With the right type of policy, you may also be able to use accumulated cash value in the account to finance a college education, fill in the gaps of your retirement income, purchase a home or pay other expenses. We offer three types of life insurance, term life, whole life and universal life. Each serves as protection for your loved ones, but differs in price and coverage characteristics. No matter which type of coverage you choose, life insurance premiums are almost always lower when you’re younger and healthier, so don’t wait!
Your local Farm Bureau agent can provide unmatched value – your agent can take the guesswork out of choosing life insurance and can help you customize a policy that works for you and your family.
It’s your future. Let’s protect it.®