WEST DES MOINES, Iowa (April 5, 2010) – Farm Bureau Financial Services announces the launch of Return of Premium Term life insurance – its newest offering to help consumers protect their financial security and peace of mind.
“We are pleased to offer our customers this innovative new product,” said Rich Kypta, executive vice president, Farm Bureau Life Insurance Company. “Return of Premium Term life insurance offers customers the best of both worlds: the affordability of term life insurance with the guarantees1 and liquidity of permanent life insurance.”

A key benefit of Return of Premium Term life insurance is that it provides financial protection upon one’s death or guarantees a full return of all base premiums if he or she lives to the end of the selected coverage period. That non-taxable, lump-sum payment can be used however one chooses, including to supplement retirement income, fund a child’s education or purchase additional life insurance.

“Return of Premium Term life insurance provides simplicity and great value in planning for the future. It offers peace of mind in knowing that outstanding expenses can be taken care of upon one’s death or that all base premiums will be returned if the person lives to the end of the coverage period – guaranteed1,” said Kypta.

Benefits of Return of Premium Term:
Can choose a coverage period of 20 or 30 years, with premiums remaining the same throughout the coverage period
At the end of the coverage period selected, can continue term coverage until age 100, with increased premiums
The policy has cash value, allowing the insured to receive benefits from the policy
If the insured’s needs change, coverage may be converted to a permanent life policy without a medical exam
For more information, please contact a local Farm Bureau agent today.

Life insurance products offered through Farm Bureau Life Insurance Company+, West Des Moines, IA
+Company provider of Farm Bureau Financial Services
1 The guarantees expressed are based upon the claims-paying ability of Farm Bureau Life Insurance Company.