With whole life insurance you can provide financial protection for your loved ones upon your death and have access to your policy’s accumulated cash value while you’re living. We offer two whole life insurance policies to provide the lifetime protection you want:
With an AllLife policy you can have life insurance protection that remains the same throughout your lifetime, provided premium payments are current. You can choose to pay your premiums over a period of time or pay just a single premium for coverage that lasts your whole life. Your policy earns cash value that can be used for things like college funding or mortgage down payments.1
AccumuLife is whole life insurance that’s designed to accumulate cash value, giving you more access to your life insurance while you’re living. Like all whole life products, you’ll still have protection for your loved ones at your death, but through the accumulation of dividends and tax-deferred interest, you’ll also can use cash value as a retirement supplement or for other personal or business uses.1
Your policy accumulates value on a tax-deferred basis. Upon your death, your beneficiaries may receive the benefits from your policy income tax-free.
If a qualifying terminal illness occurs, you can receive money by using a portion of your policy’s death benefit. This protection is provided at no additional cost on all AllLife or AccumuLife policies.
Upon your death, individuals you specify (“beneficiaries”) may receive benefits from the policy income tax free. These benefits are paid directly to your beneficiaries, so there should not be any additional costs or delays in receiving the policy proceeds.
A portion of the premiums may be returned to you as dividends. You can utilize any dividends in the following ways:
Customize your premium payments with these options:
When you choose whole life insurance with Farm Bureau Financial Services, you will receive an annual report highlighting the policy cash value, current death benefit, beneficiary designations and loan balance, if applicable. When you choose us, you’re also choosing the services of an agent, dedicated to helping you meet your insurance needs and financial goals throughout the different stages of your life.
It’s your future. Let’s protect it.®