Simple Term life insurance is designed with you in mind. You realize it's important to prepare for the future, but you want a quick and convenient way to do so. Usually in only minutes after answering a few questions - generally without a medical exam and with minimal paperwork - you can have the affordable protection you're looking for1. It's that simple - it's all electronic!
Key Advantages of Simple Term:
- Customized Coverage - Depending upon your financial needs, you can purchase coverage between $25,000 - $75,000.
- Budget Friendly - Affordable premiums are paid via electronic funds transfer (EFT) from your monthly budget.
- Guaranteed Premiums - Your monthly premium will remain the same throughout the coverage period you select.
- Coverage Periods - If you're age 18-50, you can select coverage for 10, 15 or 20 years. If you're age 51-55, coverage may be for 10 or 15 years. At the end of the time period you select, all coverage and premium payments will no longer exist. You can choose to reapply for coverage, at which time your premiums may be higher due to your increased age and current health condition.
- Tax-Free Benefits - Proceeds from your policy, usually received income tax-free, can help cover family or business financial obligations.
- Extending Protection - If you find your financial needs or goals have changed and you need protection for a longer period of time, even for life, you have the option of converting your term coverage to a single permanent life policy from Farm Bureau up to age 70. As your insurance needs and financial goals change throughout the different stages of your life, we are there for you.
1Your signature, as the owner of the policy, will provide permission for the Company to order a MIB report, Motor Vehicle Records (MVR) and Prescription Drug (Rx) database reports.
IMPORTANT: The information and material contained on this Web site is not an offer to sell or a solicitation to buy any security or any insurance product in any jurisdiction. No security or other insurance product is offered or will be sold in any jurisdiction in which such offer or solicitation purchase or sale would be unlawful under the securities, insurance or other laws of such jurisdiction. Not all products are available in all states. Exclusions, limitations and reductions may apply. This Web site briefly highlights Farm Bureau's insurance policies and their benefits. The contract is contained only in the policy. Farm Bureau products are offered by Farm Bureau agents -- for more information about any Farm Bureau product, please contact me.