Choice Term life insurance from Farm Bureau offers the following features:
Term options ― you can choose from four coverage terms ― 10, 15, 20 or 30 years ― depending on your family or business needs, and purchase coverage at $75,001 and above ($100,000 for Preferred).
Premium plan options ― your premium payments remain the same for the term you select. Upon renewal, premiums increase annually to age 100. You can choose from our guaranteed premium plan, where the premium scale is guaranteed when the policy is issued and will never change, or our value premium plan, where current premiums are lower, but are not guaranteed and can increase up to the policy maximum.
Premium discounts ― you may qualify for lower premiums if you have not used tobacco products in the past 12 months, and/or if you meet certain requirements, including acceptable blood pressure and cholesterol levels.
Renewable coverage ― you may renew your term life insurance policy up to age 100.
Living Benefit Rider ― allows the policy owner to receive money by using a portion of the policy's death benefit if the insured is diagnosed with a qualifying terminal illness. This rider is provided at no additional cost.
Financial protection for others ― if your death occurs during the coverage period, your beneficiaries will receive policy proceeds either as a lump sum or through flexible, guaranteed1 income payment options. These benefits are paid directly to your beneficiaries, so there should be no additional costs or delays in receiving the policy proceeds.
Conversion to permanent life insurance ― you may convert your term life insurance to a single permanent life insurance policy from Farm Bureau without a medical review prior to age 70. A conversion credit may be available.2
Optional protection available at an additional cost:
Children’s Term Life Insurance Rider allows you to add term insurance for each of your qualifying children, age 7 days to 23 years.
Guaranteed Reentry Rider allows you to purchase a new term life insurance policy without a medical review after the coverage period you select comes to an end.
Waiver of Premium Rider waives premiums for the duration of a total disability you experience for 90 or more consecutive days. Unless benefits are being paid under this rider, this protection ceases on the policy anniversary of the year you turn age 65.
Living Benefit Rider3 allows the policy owner to receive money by using a portion of the policy’s death benefit if the insured is diagnosed with a qualifying terminal illness. This rider is provided at no additional cost.
A Farm Bureau agent can help you tailor a policy to fit your personal needs and budget. Find an agent now.
1 The guarantees expressed on this Web page are based on the claims-paying ability of Farm Bureau Life Insurance Company.
2 The conversion credit is available under current Company practice, which is not guaranteed and is subject to change at any time.
3 Known as the Accelerated Benefit Rider in some states. Not available in Nebraska on the Choice Term insurance policy.