Farm Bureau Life Insurance

Farm Bureau Life Insurance Review

Farm Bureau life insurance Pros & Cons

Farm Bureau life insurance is a life insurance carrier based in West Des Moines, IA. The company was founded in 1939 and offers life insurance products in 50 states in the USA.

Farm Bureau life insurance FAQ

What types of life insurance products does Farm Bureau life insurance offer?

Life insurance companies typically offer a wide variety of life insurance options. One of the best ways to save money on life insurance products is to avoid unnecessary coverage. Only purchase life insurance policies and riders you actually need.

Here is a brief description of life insurance options Farm Bureau life insurance offers.

• Term Life Insurance - This is the simplest type of life insurance policy. Term life insurance policies are payable if the insured person dies within a specific period of time, such as 5, 10, or 30 years. Farm Bureau life insurance offers term lengths ranging from 10 to 30 years.
• Level Term Life Insurance - These are term life insurance policies that have the same fixed premium and payment amount through the duration of the life insurance policy.
• Whole Life Insurance - Whole life insurance policies remain in force for the policyholder's entire life, provided premiums are paid. They have a tax deferred cash value, meaning the cash value will not be taxed until funds are withdrawn.
• Universal Life Insurance - This type of universal life insurance policy guarantees a fixed death benefit and an investment account. The cash value of the investment account will vary depending on the portfolio's performance.
• Indexed Universal Life Insurance - These types of universal life insurance policies allows policyholders to place the cash value of the life insurance policy in a fixed account or an equity index account, such as the S&P 500 or the Nasdaq 100.

How can you save money on a Farm Bureau life insurance life insurance policy?

When you ask for a life insurance quote with Farm Bureau life insurance, ask what discounts are available for various life insurance options.

These include:

• Being a non-smoker

What is SuperMoney's financial rating of Farm Bureau life insurance?

The financial strength rating of life insurance companies scores its ability to pay contracts and life insurance policies. SuperMoney gives Farm Bureau life insurance an A or excellent, which is SuperMoney's second highest available score for life insurance companies.

SuperMoney's financial strength rating is primarily based on the average score from independent insurance rating agencies.