Texas Farm Bureau Life Insurance Review

Texas Farm Bureau life insurance is a life insurance carrier based in Waco, TX. The company was founded in 1952 and offers life insurance products in 1 state in the USA.

What types of life insurance products does Texas 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 Texas 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. Texas Farm Bureau life insurance offers term lengths ranging from 10 to 30 years.
• 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 They have a tax deferred cash value, meaning the cash value will not be taxed until funds are withdrawn.
• Variable Life Insurance - Variable life insurance are types of whole life insurance policies where the entire cash value of the life insurance policy is invested in several accounts. Therefore, the cash value of these whole life insurance policies rises and falls depending on the performance of the investments.
• Single Premium Whole Life Insurance - These types of whole life insurance policies lets the policyholder makes one large payment that guarantees a death benefit without the need of further premiums.

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

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

These include:

• Being a non-smoker

What is the financial strength rating of Texas Farm Bureau life insurance?

The financial strength rating of life insurance companies scores its ability to pay contracts and life insurance policies. SuperMoney gives Texas 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 insurance rating agencies.