Bringing Home Baby

Congratulations! You’re having a baby or you’ve just brought your new bundle of joy home. Becoming a parent is an exciting and often-hectic time. With a new baby, there are new insurance and financial matters to consider, and your Farm Bureau agent is happy to help as you embark on the adventure of parenthood.

Life Insurance
When it comes to life insurance and having a new baby, the first step is to make sure you, as parents, have purchased life insurance for yourselves. Purchasing life insurance for your baby is also an important consideration. By purchasing a permanent life insurance policy at birth, you can guarantee your child will always have coverage, even if he or she becomes uninsurable in the future.¹

College/Education Funding
The sooner you begin saving for your child’s education, the easier it may be to send your child to the school of his or her choice. There are several funding options, including the popular Section 529 College Savings Plan and Coverdell Education Savings Account options. And, while the primary reason for life insurance is to provide a death benefit,  there are some types of permanent life insurance that allow an insured to withdraw from the policy’s accumulated cash value for education costs.^2,3

Estate Preservation
Any significant life change – such as having a baby – can be a reason to examine the arrangements you’ve made in the event of your death. It is important to make sure your beneficiary designations, your will and other elements of your estate preservation strategy reflect your wishes today. Ask your Farm Bureau agent about completing A Personal Journal of Wishes and Records^®. Having your personal information and final wishes documented can be a gift you leave your surviving loved ones.

As your family grows and changes, your personal needs and goals will also change. Your Farm Bureau agent can help you prepare for your exciting journey through parenthood and beyond.

Proud Grandparents

Give your grandchildren a gift that won’t break or be forgotten with time ... a gift that can help provide a solid foundation for their future success.

Farm Bureau Financial Services offers tools to help you:

• Accumulate funds for their educational expenses
• Provide them a lifetime of affordable life insurance coverage, while protecting their future insurability
• Establish a gifting plan within your budget

It’s never too early to begin investing in the potential of a child. Contact your Farm Bureau agent today to develop a strategy that can help provide for your grandchildren’s future dreams.

¹ Guaranteed coverage is based on the premium-paying ability of the policyholder.

 ² Borrowing funds may decrease the death benefit of a permanent life insurance policy.

³ Funds withdrawn from an investment could be subject to income-tax penalties.  

Tips brought to you by Farm Bureau Financial Services.  For more information about products and services, call Shane Blanchard at 515 528 2319. 

Securities & services offered through FBL Marketing Services, LLC+, 5400 University Ave., West Des Moines, IA 50266, 877/860-2904, Member SIPC. Farm Bureau Property & Casualty Insurance Company⁺*, Western Agricultural Insurance Company⁺*, Farm Bureau Life Insurance Company⁺*/West Des Moines, IA. ⁺Affiliates *Company providers of Farm Bureau Financial Services